Navellier & Associates Inc. Has $312,000 Stock Holdings in Permian Basin Royalty Trust (NYSE:PBT)

Navellier & Associates Inc. lifted its stake in shares of Permian Basin Royalty Trust (NYSE:PBT) by 92.2% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 22,376 shares of the oil and gas producer’s stock after purchasing an additional 10,734 shares during the quarter. Navellier & Associates Inc.’s holdings in Permian Basin Royalty Trust were worth $312,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of PBT. Essex Financial Services Inc. grew its stake in Permian Basin Royalty Trust by 26.4% during the fourth quarter. Essex Financial Services Inc. now owns 66,792 shares of the oil and gas producer’s stock worth $932,000 after buying an additional 13,931 shares in the last quarter. International Assets Investment Management LLC lifted its stake in Permian Basin Royalty Trust by 1,296.0% during the fourth quarter. International Assets Investment Management LLC now owns 2,792 shares of the oil and gas producer’s stock worth $39,000 after purchasing an additional 2,592 shares during the last quarter. Schwartz Investment Counsel Inc. boosted its holdings in shares of Permian Basin Royalty Trust by 40.6% in the 4th quarter. Schwartz Investment Counsel Inc. now owns 803,849 shares of the oil and gas producer’s stock valued at $11,254,000 after purchasing an additional 232,000 shares in the last quarter. LPL Financial LLC increased its stake in shares of Permian Basin Royalty Trust by 4.5% in the 3rd quarter. LPL Financial LLC now owns 175,257 shares of the oil and gas producer’s stock valued at $3,724,000 after purchasing an additional 7,498 shares during the last quarter. Finally, UBS Group AG lifted its position in shares of Permian Basin Royalty Trust by 1.5% during the 3rd quarter. UBS Group AG now owns 479,363 shares of the oil and gas producer’s stock worth $10,186,000 after buying an additional 7,142 shares during the last quarter. Institutional investors own 28.86% of the company’s stock.

Permian Basin Royalty Trust Trading Up 2.6 %

NYSE PBT traded up $0.33 during trading on Friday, hitting $13.26. 129,541 shares of the company’s stock were exchanged, compared to its average volume of 126,709. The company has a market cap of $618.05 million, a PE ratio of 21.39 and a beta of 0.63. The stock’s 50 day moving average price is $12.46 and its two-hundred day moving average price is $14.19. Permian Basin Royalty Trust has a fifty-two week low of $10.95 and a fifty-two week high of $25.62.

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. The firm had revenue of $14.44 million for the quarter. Permian Basin Royalty Trust had a net margin of 96.14% and a return on equity of 14,549.30%.

Permian Basin Royalty Trust Increases Dividend

The company also recently declared a monthly dividend, which was paid on Tuesday, May 14th. Stockholders of record on Tuesday, April 30th were paid a dividend of $0.0882 per share. This represents a $1.06 dividend on an annualized basis and a dividend yield of 7.98%. This is a positive change from Permian Basin Royalty Trust’s previous monthly dividend of $0.04. The ex-dividend date of this dividend was Monday, April 29th. Permian Basin Royalty Trust’s dividend payout ratio (DPR) is presently 170.97%.

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.