PermRock Royalty Trust (NYSE:PRT – Get Free Report) announced a monthly dividend on Friday, April 19th, investing.com reports. Investors of record on Tuesday, April 30th will be paid a dividend of 0.0307 per share on Tuesday, May 14th. This represents a $0.37 dividend on an annualized basis and a yield of 8.96%. The ex-dividend date is Monday, April 29th.
PermRock Royalty Trust Price Performance
Shares of PRT stock opened at $4.11 on Friday. The business’s fifty day moving average price is $4.32 and its 200 day moving average price is $4.75. The firm has a market capitalization of $50.02 million, a PE ratio of 8.06 and a beta of 0.93. PermRock Royalty Trust has a 1-year low of $3.99 and a 1-year high of $6.99.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. UBS Group AG acquired a new stake in shares of PermRock Royalty Trust in the 1st quarter worth approximately $27,000. Jane Street Group LLC acquired a new stake in PermRock Royalty Trust in the 3rd quarter valued at about $93,000. Morgan Stanley increased its holdings in PermRock Royalty Trust by 25.3% during the 4th quarter. Morgan Stanley now owns 16,043 shares of the company’s stock valued at $124,000 after acquiring an additional 3,239 shares in the last quarter. Susquehanna International Group LLP acquired a new position in PermRock Royalty Trust during the first quarter worth about $131,000. Finally, Royal Bank of Canada lifted its holdings in shares of PermRock Royalty Trust by 50.5% in the second quarter. Royal Bank of Canada now owns 29,200 shares of the company’s stock valued at $159,000 after purchasing an additional 9,800 shares in the last quarter. 41.67% of the stock is currently owned by institutional investors and hedge funds.
About PermRock Royalty Trust
PermRock Royalty Trust operates as a statutory trust. It owns perpetual interests in the oil and natural gas producing properties. The company's underlying properties include 22,731 net acres in the Permian Basin. The company was founded in 2017 and is based in Dallas, Texas.
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