Permian Basin Royalty Trust (NYSE:PBT) Shares Down 5.9% – Here’s What Happened

Posted by Brian Himes on Jun 15th, 2026

Permian Basin Royalty Trust (NYSE:PBT – Get Free Report)’s stock price dropped 5.9% on Monday . The company traded as low as $27.00 and last traded at $26.7740. Approximately 10,995 shares traded hands during mid-day trading, a decline of 92% from the average daily volume of 132,070 shares. The stock had previously closed at $28.45.

Analysts Set New Price Targets

Separately, Weiss Ratings raised shares of Permian Basin Royalty Trust from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Thursday, May 21st. One analyst has rated the stock with a Hold rating, According to MarketBeat, the stock currently has a consensus rating of “Hold”.

Check Out Our Latest Analysis on PBT

Permian Basin Royalty Trust Stock Performance

The firm has a 50-day moving average price of $25.56 and a 200-day moving average price of $21.23. The stock has a market cap of $1.25 billion, a PE ratio of 83.92 and a beta of 0.48.

Permian Basin Royalty Trust (NYSE:PBT – Get Free Report) last announced its quarterly earnings data on Thursday, May 14th. The oil and gas producer reported $0.06 EPS for the quarter. Permian Basin Royalty Trust had a net margin of 88.99% and a return on equity of 9,061.81%. The company had revenue of $3.57 million for the quarter.

Permian Basin Royalty Trust Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, June 12th. Investors of record on Friday, May 29th were given a dividend of $0.0204 per share. This represents a c) annualized dividend and a yield of 0.9%. The ex-dividend date of this dividend was Friday, May 29th. Permian Basin Royalty Trust’s dividend payout ratio is 75.00%.

Institutional Trading of Permian Basin Royalty Trust

Several institutional investors have recently bought and sold shares of the company. Royal Bank of Canada grew its position in Permian Basin Royalty Trust by 6.0% during the 4th quarter. Royal Bank of Canada now owns 9,802 shares of the oil and gas producer’s stock valued at $166,000 after purchasing an additional 558 shares during the last quarter. HighTower Advisors LLC grew its position in Permian Basin Royalty Trust by 0.8% during the 4th quarter. HighTower Advisors LLC now owns 71,697 shares of the oil and gas producer’s stock valued at $1,217,000 after purchasing an additional 604 shares during the last quarter. NewEdge Advisors LLC grew its position in Permian Basin Royalty Trust by 53.1% during the 2nd quarter. NewEdge Advisors LLC now owns 3,762 shares of the oil and gas producer’s stock valued at $47,000 after purchasing an additional 1,304 shares during the last quarter. Welch Group LLC grew its position in Permian Basin Royalty Trust by 8.4% during the 1st quarter. Welch Group LLC now owns 19,298 shares of the oil and gas producer’s stock valued at $415,000 after purchasing an additional 1,500 shares during the last quarter. Finally, Kestra Advisory Services LLC bought a new position in Permian Basin Royalty Trust during the 4th quarter valued at about $28,000. 28.86% of the stock is owned by hedge funds and other institutional investors.

About Permian Basin Royalty Trust

(Get Free Report)

Permian Basin Royalty Trust (NYSE: PBT) is a passive investment vehicle that holds overriding royalty interests in oil and gas properties located in the Permian Basin region of West Texas. Established in 1980 by Apache Oil Company, the Trust does not engage in exploration or production activities. Instead, it owns net profit interests on specified acreage, allowing unitholders to participate directly in the cash flows generated by hydrocarbon extraction without bearing the costs or risks associated with day-to-day field operations.

The Trust’s interests cover acreage predominantly in Reeves and Loving Counties, where mature wells have been developed over several decades.