Atlas Wealth Partners LLC Acquires Shares of 63,556 Permian Basin Royalty Trust (NYSE:PBT)

Atlas Wealth Partners LLC bought a new stake in shares of Permian Basin Royalty Trust (NYSE:PBT - Free Report) during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 63,556 shares of the oil and gas producer's stock, valued at approximately $758,000. Permian Basin Royalty Trust accounts for approximately 1.2% of Atlas Wealth Partners LLC's holdings, making the stock its 17th largest position.

A number of other hedge funds and other institutional investors also recently made changes to their positions in PBT. Avondale Wealth Management acquired a new position in shares of Permian Basin Royalty Trust in the 3rd quarter worth approximately $113,000. PFG Investments LLC increased its holdings in shares of Permian Basin Royalty Trust by 8.1% in the second quarter. PFG Investments LLC now owns 18,666 shares of the oil and gas producer's stock valued at $210,000 after buying an additional 1,400 shares in the last quarter. Ironwood Financial llc acquired a new stake in shares of Permian Basin Royalty Trust during the 3rd quarter valued at $220,000. Wealth Enhancement Advisory Services LLC lifted its position in shares of Permian Basin Royalty Trust by 5.5% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 21,918 shares of the oil and gas producer's stock valued at $247,000 after acquiring an additional 1,150 shares during the last quarter. Finally, Virtu Financial LLC bought a new stake in shares of Permian Basin Royalty Trust during the 1st quarter worth $306,000. 28.86% of the stock is currently owned by institutional investors.

Permian Basin Royalty Trust Trading Down 1.5 %

Shares of Permian Basin Royalty Trust stock traded down $0.18 on Friday, reaching $11.82. 86,657 shares of the company were exchanged, compared to its average volume of 134,849. Permian Basin Royalty Trust has a fifty-two week low of $10.14 and a fifty-two week high of $21.33. The firm has a market capitalization of $550.92 million, a price-to-earnings ratio of 19.06 and a beta of 0.56. The stock has a fifty day moving average price of $11.41 and a 200-day moving average price of $11.68.

Permian Basin Royalty Trust (NYSE:PBT - Get Free Report) last posted its quarterly earnings data 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 return on equity of 15,940.96% and a net margin of 96.28%. The firm had revenue of $8.83 million for the quarter.

Permian Basin Royalty Trust Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were paid a dividend of $0.0507 per share. This represents a $0.61 annualized dividend and a yield of 5.15%. The ex-dividend date of this dividend was Monday, September 30th. Permian Basin Royalty Trust's dividend payout ratio (DPR) is currently 96.77%.

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.