Ferguson Wellman Capital Management Inc. held its position in shares of Permian Basin Royalty Trust (NYSE:PBT) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 16,000 shares of the oil and gas producer’s stock at the end of the second quarter. Ferguson Wellman Capital Management Inc.’s holdings in Permian Basin Royalty Trust were worth $139,000 as of its most recent SEC filing.
Separately, Acadian Asset Management LLC purchased a new position in Permian Basin Royalty Trust during the second quarter valued at approximately $136,000. Institutional investors and hedge funds own 10.07% of the company’s stock.
Permian Basin Royalty Trust (NYSE PBT) opened at 8.77 on Friday. Permian Basin Royalty Trust has a 12-month low of $6.13 and a 12-month high of $10.30. The firm’s 50-day moving average is $8.99 and its 200 day moving average is $9.29. The firm has a market cap of $408.75 million, a PE ratio of 15.58 and a beta of 0.59.
The business also recently declared a monthly dividend, which will be paid on Monday, August 14th. Shareholders of record on Monday, July 31st will be given a $0.0408 dividend. This represents a $0.49 dividend on an annualized basis and a yield of 5.58%. The ex-dividend date is Thursday, July 27th. Permian Basin Royalty Trust’s dividend payout ratio (DPR) is 87.50%.
Separately, BidaskClub cut shares of Permian Basin Royalty Trust from a “hold” rating to a “sell” rating in a report on Tuesday.
About Permian Basin Royalty Trust
Permian Basin Royalty Trust is an express trust. The Company’s Waddell Ranch Properties has mineral interests in the Waddell Ranch. Its Waddell Ranch properties have proved reserves in six fields: Dune, Sand Hills (Judkins), Sand Hills (McKnight), Sand Hills (Tubb), University-Waddell (Devonian) and Waddell.
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