UBS Group AG Grows Position in Permian Basin Royalty Trust (NYSE:PBT)

UBS Group AG grew its stake in shares of Permian Basin Royalty Trust (NYSE:PBT – Get Rating) by 139.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 573,688 shares of the oil and gas producer’s stock after purchasing an additional 334,380 shares during the quarter. UBS Group AG’s holdings in Permian Basin Royalty Trust were worth $14,457,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. Cambridge Investment Research Advisors Inc. boosted its stake in shares of Permian Basin Royalty Trust by 40.7% during the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 100,243 shares of the oil and gas producer’s stock valued at $2,526,000 after purchasing an additional 29,019 shares during the period. Russell Investments Group Ltd. lifted its stake in Permian Basin Royalty Trust by 24.4% in the fourth quarter. Russell Investments Group Ltd. now owns 22,320 shares of the oil and gas producer’s stock worth $562,000 after acquiring an additional 4,381 shares during the period. Horizon Kinetics Asset Management LLC lifted its stake in Permian Basin Royalty Trust by 21.7% in the fourth quarter. Horizon Kinetics Asset Management LLC now owns 3,744,689 shares of the oil and gas producer’s stock worth $94,366,000 after acquiring an additional 668,841 shares during the period. LPL Financial LLC lifted its stake in Permian Basin Royalty Trust by 1.6% in the fourth quarter. LPL Financial LLC now owns 87,777 shares of the oil and gas producer’s stock worth $2,212,000 after acquiring an additional 1,403 shares during the period. Finally, Signaturefd LLC lifted its stake in Permian Basin Royalty Trust by 157.6% in the fourth quarter. Signaturefd LLC now owns 2,895 shares of the oil and gas producer’s stock worth $73,000 after acquiring an additional 1,771 shares during the period. Hedge funds and other institutional investors own 24.72% of the company’s stock.

Permian Basin Royalty Trust Stock Up 0.1 %

Shares of PBT stock opened at $24.20 on Friday. The stock has a fifty day moving average of $24.56 and a 200 day moving average of $23.52. Permian Basin Royalty Trust has a 52 week low of $14.06 and a 52 week high of $27.77. The firm has a market capitalization of $1.13 billion, a price-to-earnings ratio of 20.68 and a beta of 0.88.

Permian Basin Royalty Trust (NYSE:PBT – Get Rating) last announced its quarterly earnings data on Wednesday, March 1st. The oil and gas producer reported $0.33 EPS for the quarter. The business had revenue of $15.42 million during the quarter. Permian Basin Royalty Trust had a return on equity of 18,908.15% and a net margin of 98.10%.

Permian Basin Royalty Trust Increases Dividend

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, June 14th. Shareholders of record on Wednesday, May 31st will be given a dividend of $0.044 per share. The ex-dividend date is Tuesday, May 30th. This represents a $0.53 annualized dividend and a yield of 2.18%. This is a positive change from Permian Basin Royalty Trust’s previous monthly dividend of $0.03. Permian Basin Royalty Trust’s dividend payout ratio (DPR) is currently 27.35%.

Wall Street Analyst Weigh In

Separately, StockNews.com initiated coverage on Permian Basin Royalty Trust in a research note on Thursday. They issued a “hold” rating for the company.

Permian Basin Royalty Trust Company Profile

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Permian Basin Royalty Trust is a trust of Argent Trust Company. Its properties include Waddell Ranch and Texas Royalty. The company was founded on November 1, 1980 and is headquartered in Dallas, TX.