November 10, 2019 at 2:29 pm

Morgan Stanley Raises Position in Permian Basin Royalty Trust (NYSE:PBT)

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Morgan Stanley raised its holdings in Permian Basin Royalty Trust (NYSE:PBT) by 48.1% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 94,452 shares of the oil and gas producer’s stock after acquiring an additional 30,681 shares during the quarter. Morgan Stanley’s holdings in Permian Basin Royalty Trust were worth $575,000 as of its most recent SEC filing.

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A number of other hedge funds have also modified their holdings of PBT. Virtus ETF Advisers LLC purchased a new position in Permian Basin Royalty Trust in the 2nd quarter valued at approximately $2,040,000. Renaissance Technologies LLC boosted its position in Permian Basin Royalty Trust by 268.1% in the 2nd quarter. Renaissance Technologies LLC now owns 92,401 shares of the oil and gas producer’s stock valued at $563,000 after buying an additional 67,300 shares during the period. LPL Financial LLC purchased a new position in Permian Basin Royalty Trust in the 2nd quarter valued at approximately $76,000. Tranquility Partners LLC purchased a new position in Permian Basin Royalty Trust in the 2nd quarter valued at approximately $69,000. Finally, TRUE Private Wealth Advisors purchased a new position in Permian Basin Royalty Trust in the 2nd quarter valued at approximately $26,000. 9.54% of the stock is owned by institutional investors.

Shares of PBT stock opened at $4.00 on Friday. Permian Basin Royalty Trust has a 52 week low of $3.97 and a 52 week high of $8.50. The stock has a market capitalization of $185.97 million, a PE ratio of 8.24 and a beta of 0.80. The firm has a 50 day moving average of $4.45 and a two-hundred day moving average of $5.33.

Permian Basin Royalty Trust (NYSE:PBT) last announced its quarterly earnings data on Thursday, August 8th. The oil and gas producer reported $0.09 earnings per share for the quarter. Permian Basin Royalty Trust had a net margin of 95.52% and a return on equity of 4,958.15%. The business had revenue of $4.77 million for the quarter.

The company also recently disclosed a monthly dividend, which will be paid on Friday, November 15th. Stockholders of record on Thursday, October 31st will be issued a $0.0277 dividend. The ex-dividend date of this dividend is Wednesday, October 30th. This represents a $0.33 dividend on an annualized basis and a dividend yield of 8.31%.

Permian Basin Royalty Trust Company Profile

Permian Basin Royalty Trust, an express trust, holds overriding royalty interests in various oil and gas properties in the United States. The company owns a 75% net overriding royalty interest in the Waddell Ranch properties comprising Dune, Judkins, McKnight, Tubb, University-Waddell, and Waddell fields located in Crane County, Texas.

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Want to see what other hedge funds are holding PBT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Permian Basin Royalty Trust (NYSE:PBT).

Institutional Ownership by Quarter for Permian Basin Royalty Trust (NYSE:PBT)

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