Fielder Capital Group LLC Buys New Position in Permian Basin Royalty Trust (NYSE:PBT)

Fielder Capital Group LLC bought a new stake in Permian Basin Royalty Trust (NYSE:PBT) during the fourth quarter, HoldingsChannel.com reports. The institutional investor bought 61,642 shares of the oil and gas producer’s stock, valued at approximately $861,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. International Assets Investment Management LLC boosted its stake in Permian Basin Royalty Trust by 1,296.0% during the 4th quarter. International Assets Investment Management LLC now owns 2,792 shares of the oil and gas producer’s stock valued at $39,000 after acquiring an additional 2,592 shares during the last quarter. Waverly Advisors LLC increased its holdings in Permian Basin Royalty Trust by 30.4% in the third quarter. Waverly Advisors LLC now owns 12,867 shares of the oil and gas producer’s stock valued at $273,000 after buying an additional 3,001 shares during the last quarter. Ingalls & Snyder LLC acquired a new stake in Permian Basin Royalty Trust during the third quarter valued at approximately $287,000. Russell Investments Group Ltd. lifted its holdings in Permian Basin Royalty Trust by 18.5% during the 4th quarter. Russell Investments Group Ltd. now owns 28,802 shares of the oil and gas producer’s stock worth $402,000 after buying an additional 4,498 shares during the last quarter. Finally, Sowell Financial Services LLC acquired a new position in shares of Permian Basin Royalty Trust in the 3rd quarter worth approximately $421,000. Institutional investors own 28.86% of the company’s stock.

Permian Basin Royalty Trust Price Performance

Shares of PBT stock traded up $0.34 on Tuesday, hitting $12.17. 110,376 shares of the stock traded hands, compared to its average volume of 139,965. The company’s fifty day moving average is $12.40 and its 200 day moving average is $14.58. Permian Basin Royalty Trust has a 1-year low of $10.95 and a 1-year high of $25.62. The company has a market capitalization of $567.24 million, a PE ratio of 19.67 and a beta of 0.63.

Permian Basin Royalty Trust (NYSE:PBT) last issued its earnings results on Thursday, February 29th. The oil and gas producer reported $0.31 earnings per share for the quarter. Permian Basin Royalty Trust had a net margin of 96.16% and a return on equity of 13,667.19%. The company had revenue of $14.44 million for the quarter.

Permian Basin Royalty Trust Increases Dividend

The business also recently declared a monthly dividend, which will be paid on Tuesday, May 14th. Investors of record on Tuesday, April 30th will be issued a $0.0882 dividend. This is an increase from Permian Basin Royalty Trust’s previous monthly dividend of $0.04. The ex-dividend date is Monday, April 29th. This represents a $1.06 annualized dividend and a dividend yield of 8.70%. Permian Basin Royalty Trust’s dividend payout ratio (DPR) is 176.67%.

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.