SandRidge Permian Trust (NYSE:PER) is expected to pay $0.13 on Nov 25, 2016. The indicated annual dividend is $0.54. Shareholders owning the stock before Nov 8, 2016 will be eligible to receive the payout. Based on SandRidge Permian Trust’s current price of $3.15, the dividend is 4.25%. This dividend’s record date is Nov 11, 2016 and the announcement date is Oct 28, 2016. The stock increased 1.61% or $0.05 on November 4, hitting $3.15. SandRidge Permian Trust (NYSE:PER) has risen 34.04% since April 5, 2016 and is uptrending. It has outperformed by 32.09% the S&P500.
Sandridge Permian Trust is a statutory trust. The company has a market cap of $162.75 million. The Trust holds Royalty Interests in specified oil and natural gas properties in the Permian Basin located in Andrews County, Texas. It has a 4.56 P/E ratio. The Trust’s business activities are generally limited to owning the Royalty Interests, and entering into hedging arrangements at the inception of the Trust and activities related thereto, including activities required or permitted by the terms of the conveyances related to the Royalty Interests.
Insitutional Activity: The institutional sentiment decreased to 0.53 in Q2 2016. Its down 0.54, from 1.07 in 2016Q1. The ratio dropped, as 9 funds sold all SandRidge Permian Trust shares owned while 10 reduced positions. 2 funds bought stakes while 8 increased positions. They now own 5.14 million shares or 7.41% more from 4.79 million shares in 2016Q1.
Allianz Asset Ag reported 1.46 million shares or 0% of all its holdings. The Pennsylvania-based Susquehanna International Gp Limited Liability Partnership has invested 0% in SandRidge Permian Trust (NYSE:PER). Creative Planning holds 0% or 16,621 shares in its portfolio. Renaissance Lc accumulated 0% or 89,555 shares. Deutsche Commercial Bank Ag holds 0% or 91,671 shares in its portfolio. Jpmorgan Chase & Company holds 0% or 67,832 shares in its portfolio. Moreover, Group One Trading Lp has 0% invested in SandRidge Permian Trust (NYSE:PER) for 11,690 shares. Raymond James And Assocs, a Florida-based fund reported 16,998 shares. Millennium Ltd Com has 0% invested in the company for 25,375 shares. Wfg Advisors Limited Partnership, a Texas-based fund reported 100 shares. Gsa Cap Prns Llp has 0.04% invested in the company for 293,768 shares. Morgan Stanley has 34,448 shares for 0% of their US portfolio. Pnc Financial Service Inc holds 1,000 shares or 0% of its portfolio. Highlander Cap Mngmt Limited Com accumulated 0.01% or 2,760 shares. Ftb has 0% invested in the company for 1,500 shares.
More notable recent SandRidge Permian Trust (NYSE:PER) news were published by: Seekingalpha.com which released: “SandRidge Permian Trust – Good Play Now Ahead Of A Likely Future Oil Spike” on November 01, 2016, also Fool.com with their article: “Here’s Why Shares of the Sandridge Permian Trust Declined More Than 25% in August” published on September 03, 2015, Marketwatch.com published: “SandRidge Permian Trust” on September 21, 2009. More interesting news about SandRidge Permian Trust (NYSE:PER) were released by: Seekingalpha.com and their article: “SandRidge Permian Trust: Risk Outweighs Potential Reward Of Higher Oil Prices” published on February 02, 2016 as well as Fool.com‘s news article titled: “Is Sandridge Permian Trust Worth a Long-Term Investment?” with publication date: June 28, 2014.
PER Company Profile
Sandridge Permian Trust (the Trust), incorporated on May 12, 2011, is a statutory trust. The Trust holds Royalty Interests in specified oil and natural gas properties in the Permian Basin located in Andrews County, Texas (the Underlying Properties). The Trust’s business activities are generally limited to owning the Royalty Interests, and entering into hedging arrangements at the inception of the Trust and activities related thereto, including activities required or permitted by the terms of the conveyances related to the Royalty Interests. The Trust’s properties consist of Royalty Interests in the initial wells and over 860 additional wells (equivalent to over 890 trust development wells under the development agreement) that are drilled and perforated for completion. The Royalty Interests are in properties located in the greater Fuhrman-Mascho field, a field in Andrews County, Texas that produces oil primarily from the Grayburg/San Andres formation in the Permian Basin. The Permian Basin extends throughout southwestern Texas and southeastern New Mexico over an area approximately 250 miles wide and over 300 miles long.
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