Virtus ETF Advisers LLC Takes Position in Permian Basin Royalty Trust (NYSE:PBT)

Virtus ETF Advisers LLC purchased a new stake in Permian Basin Royalty Trust (NYSE:PBT) in the second quarter, according to the company in its most recent filing with the SEC. The firm purchased 334,970 shares of the oil and gas producer’s stock, valued at approximately $2,040,000. Virtus ETF Advisers LLC owned approximately 0.72% of Permian Basin Royalty Trust as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Millennium Management LLC acquired a new position in shares of Permian Basin Royalty Trust during the fourth quarter valued at $100,000. Creative Planning acquired a new stake in shares of Permian Basin Royalty Trust during the first quarter worth $107,000. Royce & Associates LP raised its holdings in shares of Permian Basin Royalty Trust by 1.1% during the first quarter. Royce & Associates LP now owns 890,390 shares of the oil and gas producer’s stock worth $6,705,000 after purchasing an additional 9,370 shares during the last quarter. Foundation Resource Management Inc. raised its holdings in shares of Permian Basin Royalty Trust by 0.3% during the second quarter. Foundation Resource Management Inc. now owns 1,042,327 shares of the oil and gas producer’s stock worth $6,348,000 after purchasing an additional 2,627 shares during the last quarter. Finally, Advisor Group Inc. increased its holdings in Permian Basin Royalty Trust by 4.9% in the second quarter. Advisor Group Inc. now owns 44,543 shares of the oil and gas producer’s stock valued at $271,000 after buying an additional 2,068 shares in the last quarter. Institutional investors and hedge funds own 9.66% of the company’s stock.

Separately, TheStreet cut shares of Permian Basin Royalty Trust from a “b-” rating to a “c+” rating in a research note on Monday, June 10th.

Shares of PBT traded up $0.02 during trading hours on Friday, reaching $4.85. The company had a trading volume of 2,733 shares, compared to its average volume of 102,011. The firm has a 50 day simple moving average of $5.00 and a 200-day simple moving average of $6.22. Permian Basin Royalty Trust has a 12-month low of $4.71 and a 12-month high of $8.57. The company has a market capitalization of $231.65 million, a price-to-earnings ratio of 10.14 and a beta of 0.82.

Permian Basin Royalty Trust (NYSE:PBT) last issued its quarterly earnings results on Thursday, August 8th. The oil and gas producer reported $0.09 earnings per share (EPS) for the quarter. The business had revenue of $4.77 million during the quarter. Permian Basin Royalty Trust had a net margin of 95.52% and a return on equity of 4,958.15%.

The business also recently disclosed a monthly dividend, which will be paid on Monday, September 16th. Investors of record on Friday, August 30th will be issued a $0.043 dividend. This represents a $0.52 annualized dividend and a yield of 10.64%. The ex-dividend date of this dividend is Thursday, August 29th.

Permian Basin Royalty Trust Profile

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

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Institutional Ownership by Quarter for Permian Basin Royalty Trust (NYSE:PBT)

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