OFI Invest Asset Management Invests $1.33 Million in Permian Basin Royalty Trust (NYSE:PBT)

OFI Invest Asset Management bought a new position in Permian Basin Royalty Trust (NYSE:PBT) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 124,017 shares of the oil and gas producer’s stock, valued at approximately $1,327,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. EagleClaw Capital Managment LLC grew its position in Permian Basin Royalty Trust by 2.3% during the third quarter. EagleClaw Capital Managment LLC now owns 41,375 shares of the oil and gas producer’s stock valued at $492,000 after purchasing an additional 925 shares in the last quarter. Golden State Wealth Management LLC purchased a new position in Permian Basin Royalty Trust during the fourth quarter valued at approximately $27,000. Atlas Wealth Partners LLC grew its position in Permian Basin Royalty Trust by 4.0% during the fourth quarter. Atlas Wealth Partners LLC now owns 66,098 shares of the oil and gas producer’s stock valued at $730,000 after purchasing an additional 2,542 shares in the last quarter. Access Investment Management LLC purchased a new position in Permian Basin Royalty Trust during the third quarter valued at approximately $97,000. Finally, Steward Partners Investment Advisory LLC grew its position in Permian Basin Royalty Trust by 45.2% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 29,467 shares of the oil and gas producer’s stock valued at $326,000 after purchasing an additional 9,179 shares in the last quarter. 28.86% of the stock is owned by hedge funds and other institutional investors.

Permian Basin Royalty Trust Stock Up 4.0 %

NYSE PBT opened at $10.06 on Monday. The stock has a market capitalization of $468.70 million, a PE ratio of 12.89 and a beta of 0.72. The company has a 50 day moving average price of $11.14 and a two-hundred day moving average price of $11.57. Permian Basin Royalty Trust has a 12-month low of $9.43 and a 12-month high of $14.58.

Permian Basin Royalty Trust Cuts Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 28th will be paid a $0.0171 dividend. This represents a $0.21 dividend on an annualized basis and a yield of 2.04%. The ex-dividend date of this dividend is Friday, February 28th. Permian Basin Royalty Trust’s dividend payout ratio (DPR) is presently 25.64%.

Analyst Ratings Changes

Separately, StockNews.com downgraded shares of Permian Basin Royalty Trust from a “buy” rating to a “hold” rating in a research report on Thursday, February 20th.

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.