PermRock Royalty Trust (NYSE:PRT) Major Shareholder Boaz Energy Ii, Llc Sells 2,100 Shares

PermRock Royalty Trust (NYSE:PRT) major shareholder Boaz Energy Ii, Llc sold 2,100 shares of the company’s stock in a transaction dated Friday, September 15th. The shares were sold at an average price of $6.61, for a total transaction of $13,881.00. Following the sale, the insider now owns 5,079,274 shares of the company’s stock, valued at $33,574,001.14. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Major shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.

Boaz Energy Ii, Llc also recently made the following trade(s):

• On Monday, September 18th, Boaz Energy Ii, Llc sold 3,600 shares of PermRock Royalty Trust stock. The stock was sold at an average price of $6.73, for a total value of $24,228.00.
• On Wednesday, September 13th, Boaz Energy Ii, Llc sold 2,200 shares of PermRock Royalty Trust stock. The shares were sold at an average price of $6.44, for a total transaction of $14,168.00.
• On Monday, September 11th, Boaz Energy Ii, Llc sold 1,400 shares of PermRock Royalty Trust stock. The stock was sold at an average price of $6.31, for a total transaction of $8,834.00.
• On Friday, September 8th, Boaz Energy Ii, Llc sold 1,500 shares of PermRock Royalty Trust stock. The shares were sold at an average price of $6.35, for a total value of $9,525.00.
• On Tuesday, September 5th, Boaz Energy Ii, Llc sold 1,700 shares of PermRock Royalty Trust stock. The stock was sold at an average price of $6.33, for a total value of $10,761.00.
• On Friday, September 1st, Boaz Energy Ii, Llc sold 1,300 shares of PermRock Royalty Trust stock. The shares were sold at an average price of $6.26, for a total value of $8,138.00.
• On Wednesday, August 30th, Boaz Energy Ii, Llc sold 1,200 shares of PermRock Royalty Trust stock. The stock was sold at an average price of $6.30, for a total transaction of $7,560.00.
• On Monday, August 28th, Boaz Energy Ii, Llc sold 1,800 shares of PermRock Royalty Trust stock. The shares were sold at an average price of $6.29, for a total transaction of $11,322.00.
• On Friday, August 25th, Boaz Energy Ii, Llc sold 1,000 shares of PermRock Royalty Trust stock. The stock was sold at an average price of $6.21, for a total value of $6,210.00.
• On Wednesday, August 23rd, Boaz Energy Ii, Llc sold 2,000 shares of PermRock Royalty Trust stock. The shares were sold at an average price of $6.12, for a total value of $12,240.00.

PermRock Royalty Trust Stock Up 3.0 %

PermRock Royalty Trust stock traded up $0.20 during mid-day trading on Monday, reaching $6.81. 70,841 shares of the stock traded hands, compared to its average volume of 53,309. PermRock Royalty Trust has a 12-month low of $4.10 and a 12-month high of $8.83. The business’s 50-day moving average is $6.24 and its 200-day moving average is $6.00.

PermRock Royalty Trust (NYSE:PRT) last released its earnings results on Monday, August 14th. The company reported $0.10 earnings per share (EPS) for the quarter. The company had revenue of $1.59 million during the quarter. PermRock Royalty Trust had a net margin of 159.36% and a return on equity of 21.68%.

PermRock Royalty Trust Increases Dividend

The business also recently announced a monthly dividend, which was paid on Friday, September 15th. Investors of record on Thursday, August 31st were paid a dividend of $0.04 per share. This represents a $0.48 annualized dividend and a yield of 7.05%. This is a boost from PermRock Royalty Trust’s previous monthly dividend of $0.04. The ex-dividend date of this dividend was Wednesday, August 30th.

Institutional Trading of PermRock Royalty Trust

A number of institutional investors and hedge funds have recently bought and sold shares of PRT. UBS Group AG bought a new position in shares of PermRock Royalty Trust during the 1st quarter valued at about $27,000. Jane Street Group LLC bought a new position in PermRock Royalty Trust during the third quarter valued at $93,000. Morgan Stanley grew its stake in shares of PermRock Royalty Trust by 25.3% in the 4th quarter. Morgan Stanley now owns 16,043 shares of the company’s stock worth $124,000 after buying an additional 3,239 shares in the last quarter. Susquehanna International Group LLP bought a new position in shares of PermRock Royalty Trust in the 1st quarter valued at about $131,000. Finally, Royal Bank of Canada increased its stake in PermRock Royalty Trust by 50.5% during the second quarter. Royal Bank of Canada now owns 29,200 shares of the company’s stock worth $159,000 after acquiring an additional 9,800 shares during the last quarter. 43.72% of the stock is currently owned by institutional investors.

PermRock Royalty Trust Company Profile

PermRock Royalty Trust owns 80% net profits interest in the oil and natural gas production properties acquired by Boaz Energy II, LLC in Permian Basin, Texas. Its underlying properties comprising 22,997 net acres, which include 2,434 net acres on the Central Basin Platform of the Permian Basin in Hockley and Terry counties, Texas; 1,667 net acres on the Central Basin Platform of the Permian Basin in Terry and Cochran counties, Texas; 14,727 net acres on the Eastern Shelf of the Permian Basin in Glasscock, Schleicher, Stonewall, and Coke counties, Texas; and 4,169 net acres on the Central Basin Platform of the Permian Basin in Ward, Crane, Terry, and Ector counties, Texas.