Newbridge Financial Services Group Inc. lessened its holdings in shares of Permian Basin Royalty Trust (NYSE:PBT – Get Rating) by 34.1% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,225 shares of the oil and gas producer's stock after selling 1,150 shares during the period. Newbridge Financial Services Group Inc.'s holdings in Permian Basin Royalty Trust were worth $28,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds and other institutional investors have also bought and sold shares of PBT. Selective Wealth Management Inc. purchased a new stake in Permian Basin Royalty Trust in the first quarter valued at $31,000. Dorsey Wright & Associates acquired a new position in shares of Permian Basin Royalty Trust in the 4th quarter valued at about $76,000. Legend Financial Advisors Inc. purchased a new stake in shares of Permian Basin Royalty Trust in the fourth quarter worth about $112,000. Schubert & Co acquired a new stake in Permian Basin Royalty Trust during the fourth quarter worth about $126,000. Finally, Sinecera Capital LLC purchased a new position in Permian Basin Royalty Trust during the fourth quarter valued at approximately $2,211,000.
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PBT stock opened at $15.20 on Monday. Permian Basin Royalty Trust has a 52-week low of $4.64 and a 52-week high of $23.08. The company's 50-day simple moving average is $16.67 and its 200-day simple moving average is $14.06.
Permian Basin Royalty Trust (NYSE:PBT – Get Rating) last issued its quarterly earnings data on Monday, May 16th. The oil and gas producer reported $0.08 EPS for the quarter. The company had revenue of $4.08 million for the quarter. Permian Basin Royalty Trust had a return on equity of 3,610.01% and a net
margin of 91.67%.
The business also recently declared a monthly dividend, which will be paid on Friday, July 15th. Investors of record on Thursday, June 30th will be issued a $0.092 dividend. This represents a $1.10 annualized dividend and a yield of 7.26%. The ex-dividend date is Wednesday, June 29th. This is a positive change from Permian Basin Royalty Trust's previous monthly dividend of $0.03.
Several equities research analysts have commented on the company. StockNews.com initiated coverage on Permian Basin Royalty Trust in a research report on Thursday, March 31st. They issued a "hold" rating on the stock. TheStreet raised shares of Permian Basin Royalty Trust from a "c" rating to a "b" rating in a report on Friday, May 20th.
Permian Basin Royalty Trust Company Profile (Get Rating)
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, Devonian, and Waddell fields located in Crane County, Texas.
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