Permian Basin Royalty Trust (NYSE:PBT) is expected to pay $0.05 on Dec 14, 2016. The indicated annual dividend is $0.57. Shareholders owning the stock before Nov 28, 2016 will be eligible to receive the payout. Based on Permian Basin Royalty Trust’s current price of $7.15, the dividend is 0.66%. This dividend’s record date is Nov 30, 2016 and the announcement date is Nov 18, 2016. The stock decreased 2.19% or $0.16 on November 25, hitting $7.15. About 35,659 shares traded hands. Permian Basin Royalty Trust (NYSE:PBT) has risen 7.84% since April 25, 2016 and is uptrending. It has outperformed by 1.83% the S&P500.
Permian Basin Royalty Trust is an express trust. The company has a market cap of $325.96 million. The Company’s Waddell Ranch properties have proved reserves in approximately six fields, which include Dune, Sand Hills , Sand Hills (McKnight), Sand Hills (Tubb), University-Waddell (Devonian) and Waddell. It has a 22.12 P/E ratio. The Company’s Waddell Ranch Properties have mineral interests in the Waddell Ranch in approximately 78,715 gross (34,205 net) producing acres.
Insitutional Activity: The institutional sentiment increased to 1.33 in Q2 2016. Its up 0.33, from 1 in 2016Q1. The ratio is positive, as 12 funds sold all Permian Basin Royalty Trust shares owned while 12 reduced positions. 12 funds bought stakes while 12 increased positions. They now own 5.08 million shares or 1.97% less from 5.19 million shares in 2016Q1.
Pnc Fincl Services accumulated 14,618 shares or 0% of the stock. Piper Jaffray And has 0% invested in the company for 1 shares. Vantage Advsrs Ltd Liability Corp holds 150 shares or 0% of its portfolio. Walleye Trading Ltd Liability Corporation has 0% invested in the company for 4,300 shares. Glenmede Tru Co Na holds 0% of its portfolio in Permian Basin Royalty Trust (NYSE:PBT) for 5,000 shares. Winslow Evans & Crocker Inc, a Massachusetts-based fund reported 250 shares. Grp Inc One Trading L P owns 1,500 shares or 0% of their US portfolio. Manufacturers Life Co The last reported 0% of its portfolio in the stock. Ladenburg Thalmann accumulated 0% or 18,643 shares. Arbiter Capital Management Ltd Liability Co holds 592,023 shares or 0.56% of its portfolio. Price Michael F holds 23,841 shares or 0.02% of its portfolio. Us Fincl Bank De accumulated 2,400 shares or 0% of the stock. Sigma Planning Corporation owns 12,210 shares or 0.01% of their US portfolio. The North Carolina-based Carroll Fincl has invested 0% in Permian Basin Royalty Trust (NYSE:PBT). Beck Mack & Oliver Lc owns 11,000 shares or 0% of their US portfolio.
More important recent Permian Basin Royalty Trust (NYSE:PBT) news were published by: Marketwatch.com which released: “Permian Basin Royalty Trust” on January 26, 2011, also Fool.com published article titled: “Stocks with Monthly Dividends: Permian Basin Royalty Trust”, Realmoney.Thestreet.com published: “A Sign of Trust: Permian Basin Royalty Rallies” on June 01, 2016. More interesting news about Permian Basin Royalty Trust (NYSE:PBT) was released by: Seekingalpha.com and their article: “Permian Basin Royalty Trust: A Trust With Both Upside And Risk (PBT)” with publication date: December 25, 2014.
PBT Company Profile
Permian Basin Royalty Trust, incorporated on June 2, 1905, is an express trust. The Company’s Waddell Ranch Properties has mineral interests in the Waddell Ranch. The Company’s Waddell Ranch properties have proved reserves in approximately six fields, which include Dune, Sand Hills (Judkins), Sand Hills (McKnight), Sand Hills (Tubb), University-Waddell (Devonian) and Waddell. The Company’s Waddell Ranch properties are operated by Burlington Resources Oil & Gas Company LP (BROG). The fields have approximately 12 producing zones, including Grayburg and San Andres, ranging in depth from 2,800 feet to 10,600 feet. The Company’s Sand Hills (Tubb) oil fields produce from the Tubb formation at depths averaging approximately 4,300 feet and the University Waddell (Devonian) oil field is productive from the Devonian formation approximately between 8,400 feet and 9,200 feet.
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