Access Investment Management LLC Makes New $97,000 Investment in Permian Basin Royalty Trust (NYSE:PBT)

Access Investment Management LLC purchased a new position in shares of Permian Basin Royalty Trust (NYSE:PBT) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 8,164 shares of the oil and gas producer’s stock, valued at approximately $97,000.

Several other large investors have also recently made changes to their positions in the business. Wealth Enhancement Advisory Services LLC raised its stake in shares of Permian Basin Royalty Trust by 5.5% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 21,918 shares of the oil and gas producer’s stock worth $247,000 after acquiring an additional 1,150 shares in the last quarter. PFG Investments LLC raised its stake in shares of Permian Basin Royalty Trust by 8.1% during the second quarter. PFG Investments LLC now owns 18,666 shares of the oil and gas producer’s stock worth $210,000 after acquiring an additional 1,400 shares in the last quarter. Commonwealth Equity Services LLC grew its holdings in shares of Permian Basin Royalty Trust by 3.8% in the second quarter. Commonwealth Equity Services LLC now owns 75,375 shares of the oil and gas producer’s stock worth $849,000 after purchasing an additional 2,761 shares during the last quarter. International Assets Investment Management LLC grew its holdings in shares of Permian Basin Royalty Trust by 1,089.0% in the third quarter. International Assets Investment Management LLC now owns 8,323 shares of the oil and gas producer’s stock worth $99,000 after purchasing an additional 7,623 shares during the last quarter. Finally, Avondale Wealth Management bought a new position in shares of Permian Basin Royalty Trust in the third quarter worth approximately $113,000. 28.86% of the stock is owned by hedge funds and other institutional investors.

Permian Basin Royalty Trust Stock Down 0.4 %

Shares of Permian Basin Royalty Trust stock traded down $0.05 on Monday, hitting $11.53. The stock had a trading volume of 20,008 shares, compared to its average volume of 124,908. Permian Basin Royalty Trust has a one year low of $10.14 and a one year high of $19.74. The stock’s 50-day simple moving average is $11.44 and its two-hundred day simple moving average is $11.57.

Permian Basin Royalty Trust (NYSE:PBT) last issued its earnings results on Thursday, August 8th. The oil and gas producer reported $0.18 earnings per share (EPS) for the quarter. Permian Basin Royalty Trust had a net margin of 96.28% and a return on equity of 15,940.96%. The firm had revenue of $8.83 million for the quarter.

Permian Basin Royalty Trust Cuts Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, November 15th. Investors of record on Thursday, October 31st will be issued a $0.03 dividend. This represents a $0.36 annualized dividend and a yield of 3.12%. The ex-dividend date is Thursday, October 31st. Permian Basin Royalty Trust’s dividend payout ratio (DPR) is currently 52.94%.

Permian Basin Royalty Trust 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.