EagleClaw Capital Managment LLC Raises Stock Position in Permian Basin Royalty Trust $PBT

EagleClaw Capital Managment LLC lifted its position in shares of Permian Basin Royalty Trust (NYSE:PBT) by 12.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 35,700 shares of the oil and gas producer’s stock after acquiring an additional 4,000 shares during the quarter. EagleClaw Capital Managment LLC owned 0.08% of Permian Basin Royalty Trust worth $445,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of PBT. Atlantic Union Bankshares Corp acquired a new position in Permian Basin Royalty Trust during the second quarter worth $81,000. Moors & Cabot Inc. increased its position in shares of Permian Basin Royalty Trust by 4.5% in the second quarter. Moors & Cabot Inc. now owns 530,208 shares of the oil and gas producer’s stock valued at $6,606,000 after buying an additional 22,915 shares in the last quarter. Atlas Wealth Partners LLC raised its stake in shares of Permian Basin Royalty Trust by 14.5% during the 2nd quarter. Atlas Wealth Partners LLC now owns 77,163 shares of the oil and gas producer’s stock worth $960,000 after buying an additional 9,800 shares during the last quarter. Access Investment Management LLC acquired a new position in shares of Permian Basin Royalty Trust during the 2nd quarter worth $64,000. Finally, Clark Asset Management LLC purchased a new stake in shares of Permian Basin Royalty Trust in the 2nd quarter worth about $124,000. Institutional investors and hedge funds own 28.86% of the company’s stock.

Permian Basin Royalty Trust Stock Down 0.3%

NYSE PBT opened at $19.49 on Thursday. Permian Basin Royalty Trust has a fifty-two week low of $8.01 and a fifty-two week high of $19.99. The stock has a market cap of $908.18 million, a price-to-earnings ratio of 54.13 and a beta of 0.59. The business has a fifty day moving average of $18.07 and a 200-day moving average of $14.64.

Permian Basin Royalty Trust (NYSE:PBT) last posted its quarterly earnings data on Wednesday, August 13th. The oil and gas producer reported $0.05 EPS for the quarter. Permian Basin Royalty Trust had a return on equity of 9,737.65% and a net margin of 89.90%.The business had revenue of $3.11 million for the quarter.

Permian Basin Royalty Trust Cuts Dividend

The company also recently declared a monthly dividend, which will be paid on Monday, November 17th. Stockholders of record on Friday, October 31st will be issued a dividend of $0.02 per share. The ex-dividend date is Friday, October 31st. This represents a c) dividend on an annualized basis and a dividend yield of 1.2%. Permian Basin Royalty Trust’s payout ratio is 66.67%.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “hold (c-)” rating on shares of Permian Basin Royalty Trust in a report on Wednesday, October 8th. One research analyst has rated the stock with a Hold rating, According to MarketBeat, Permian Basin Royalty Trust currently has a consensus rating of “Hold”.

Permian Basin Royalty Trust Profile

Permian Basin Royalty Trust, an express trust, holds royalty interests in various oil and gas properties in the United States. The company holds a 75% net overriding royalty interest in the Waddell Ranch properties, including Dune, Sand Hills (Judkins), Sand Hills (McKnight), Sand Hills (Tubb), University-Waddell (Devonian) and Waddell fields in Crane County, Texas.