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

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

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Access Investment Management LLC purchased a new position in Permian Basin Royalty Trust during the second quarter worth about $64,000. Atlantic Union Bankshares Corp purchased a new stake in Permian Basin Royalty Trust in the 2nd quarter valued at about $81,000. Clark Asset Management LLC acquired a new position in shares of Permian Basin Royalty Trust during the 2nd quarter valued at about $124,000. Kapitalo Investimentos Ltda acquired a new position in shares of Permian Basin Royalty Trust during the 2nd quarter valued at about $147,000. Finally, Financial Sense Advisors Inc. lifted its holdings in shares of Permian Basin Royalty Trust by 25.0% during the 1st quarter. Financial Sense Advisors Inc. now owns 25,000 shares of the oil and gas producer’s stock worth $248,000 after acquiring an additional 5,000 shares during the period. Hedge funds and other institutional investors own 28.86% of the company’s stock.

Analysts Set New Price Targets

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

Permian Basin Royalty Trust Price Performance

Shares of NYSE:PBT opened at $19.49 on Thursday. The business has a 50-day moving average of $18.07 and a two-hundred day moving average of $14.64. The firm has a market capitalization of $908.18 million, a PE ratio of 54.13 and a beta of 0.59. Permian Basin Royalty Trust has a 12 month low of $8.01 and a 12 month high of $19.99.

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

Permian Basin Royalty Trust Cuts Dividend

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

About Permian Basin Royalty Trust

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.