Prospera Private Wealth LLC Invests $110,000 in Permian Basin Royalty Trust (NYSE:PBT)

Prospera Private Wealth LLC acquired a new stake in Permian Basin Royalty Trust (NYSE:PBT) during the 3rd quarter, according to its most recent disclosure with the SEC. The fund acquired 9,271 shares of the oil and gas producer’s stock, valued at approximately $110,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in PBT. Apollon Wealth Management LLC acquired a new stake in shares of Permian Basin Royalty Trust in the 3rd quarter valued at about $180,000. Access Investment Management LLC acquired a new stake in Permian Basin Royalty Trust in the 3rd quarter valued at approximately $97,000. Schwartz Investment Counsel Inc. lifted its stake in Permian Basin Royalty Trust by 23.0% in the 3rd quarter. Schwartz Investment Counsel Inc. now owns 1,402,402 shares of the oil and gas producer’s stock valued at $16,647,000 after acquiring an additional 262,233 shares in the last quarter. International Assets Investment Management LLC boosted its position in Permian Basin Royalty Trust by 1,089.0% during the 3rd quarter. International Assets Investment Management LLC now owns 8,323 shares of the oil and gas producer’s stock worth $99,000 after acquiring an additional 7,623 shares during the last quarter. Finally, Mad River Investors grew its stake in shares of Permian Basin Royalty Trust by 4.6% during the 3rd quarter. Mad River Investors now owns 276,382 shares of the oil and gas producer’s stock worth $3,286,000 after acquiring an additional 12,209 shares in the last quarter. 28.86% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, StockNews.com upgraded shares of Permian Basin Royalty Trust from a “hold” rating to a “buy” rating in a report on Thursday, November 14th.

Permian Basin Royalty Trust Stock Performance

Shares of NYSE PBT opened at $13.76 on Friday. The business has a 50-day moving average of $11.78 and a 200-day moving average of $11.64. Permian Basin Royalty Trust has a fifty-two week low of $10.14 and a fifty-two week high of $18.49.

Permian Basin Royalty Trust Cuts Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 29th will be given a dividend of $0.0217 per share. This represents a $0.26 annualized dividend and a dividend yield of 1.89%. The ex-dividend date of this dividend is Friday, November 29th. Permian Basin Royalty Trust’s dividend payout ratio (DPR) is 46.15%.

Permian Basin Royalty Trust Company Profile

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.