Could Permian Basin Royalty Trust (NYSE:PBT) Skyrocket? The Stock Has Too Many Sellers

August 9, 2018 - By Jason Dias

Investors sentiment decreased to 0.63 in 2018 Q1. Its down 0.33, from 0.96 in 2017Q4. It fall, as 5 investors sold Permian Basin Royalty Trust shares while 19 reduced holdings. 8 funds opened positions while 7 raised stakes. 4.40 million shares or 3.21% less from 4.55 million shares in 2017Q4 were reported.
Grp One Trading Lp has 0% invested in Permian Basin Royalty Trust (NYSE:PBT). Pnc Svcs Gru invested in 12,386 shares or 0% of the stock. Ferguson Wellman Management Inc accumulated 14,900 shares. The Pennsylvania-based Susquehanna Interest Group Llp has invested 0% in Permian Basin Royalty Trust (NYSE:PBT). Mraz Amerine And Assoc holds 73,650 shares. Us Natl Bank De accumulated 2,000 shares or 0% of the stock. Bankshares Of Montreal Can stated it has 1,472 shares or 0% of all its holdings. Deutsche Bankshares Ag reported 0% in Permian Basin Royalty Trust (NYSE:PBT). Manufacturers Life The reported 300 shares stake. Sandy Spring Fincl Bank invested in 6,524 shares. Winslow Evans And Crocker Incorporated accumulated 700 shares or 0% of the stock. State Street Corporation holds 0% or 27,527 shares in its portfolio. Glenmede Trust Comm Na reported 0% of its portfolio in Permian Basin Royalty Trust (NYSE:PBT). Morgan Stanley has invested 0% in Permian Basin Royalty Trust (NYSE:PBT). Citadel Advsrs Lc holds 15,773 shares.

The stock of Permian Basin Royalty Trust (NYSE:PBT) registered an increase of 8.09% in short interest. PBT’s total short interest was 225,900 shares in August as published by FINRA. Its up 8.09% from 209,000 shares, reported previously. With 99,300 shares average volume, it will take short sellers 2 days to cover their PBT’s short positions. The short interest to Permian Basin Royalty Trust’s float is 0.51%.

The stock increased 0.33% or $0.03 during the last trading session, reaching $9.22. About 33,181 shares traded. Permian Basin Royalty Trust (NYSE:PBT) has declined 0.10% since August 9, 2017 and is downtrending. It has underperformed by 12.67% the S&P500.

Permian Basin Royalty Trust, an express trust, holds overriding royalty interests in various gas and oil properties in the United States. The company has market cap of $429.73 million. The firm 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. It has a 14.59 P/E ratio. As of December 31, 2016, its Waddell Ranch properties contained 349 net productive oil wells, 64 net productive gas wells, and 102 net injection wells.

Permian Basin Royalty Trust (NYSE:PBT) Institutional Positions Chart

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