Permian Basin Royalty Trust Sentiment Worsening on Low Stock Potential

September 8, 2018 - By Catherine Diaz

Sentiment for Permian Basin Royalty Trust (NYSE:PBT)

Permian Basin Royalty Trust (NYSE:PBT) institutional sentiment decreased to 0.63 in 2018 Q1. Its down -0.33, from 0.96 in 2017Q4. The ratio dropped, as 15 institutional investors started new and increased stock positions, while 24 decreased and sold holdings in Permian Basin Royalty Trust. The institutional investors in our partner’s database reported: 4.40 million shares, down from 4.55 million shares in 2017Q4. Also, the number of institutional investors holding Permian Basin Royalty Trust in their top 10 stock positions was flat from 0 to 0 for the same number . Sold All: 5 Reduced: 19 Increased: 7 New Position: 8.

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 $385.92 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 13.08 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.

The stock decreased 2.47% or $0.21 during the last trading session, reaching $8.28. About 137,475 shares traded or 100.31% up from the average. Permian Basin Royalty Trust (NYSE:PBT) has declined 0.10% since September 8, 2017 and is downtrending. It has underperformed by 12.67% the S&P500.

Foundation Resource Management Inc holds 2.17% of its portfolio in Permian Basin Royalty Trust for 1.12 million shares. Mraz Amerine & Associates Inc. owns 73,650 shares or 0.23% of their US portfolio. Moreover, Horizon Kinetics Llc has 0.14% invested in the company for 490,702 shares. The Texas-based Mcgowan Group Asset Management Inc. has invested 0.14% in the stock. Beese Fulmer Investment Management Inc., a Ohio-based fund reported 59,400 shares.

More important recent Permian Basin Royalty Trust (NYSE:PBT) news were published by: Seekingalpha.com which released: “Is HSBC’s High-Dividend Yield An Opportunity?” on August 27, 2018, also Prnewswire.com published article titled: “Permian Basin Royalty Trust Announces August Cash Distribution”, Benzinga.com published: “24 Stocks Moving In Monday’s Pre-Market Session” on August 27, 2018. More interesting news about Permian Basin Royalty Trust (NYSE:PBT) was released by: Seekingalpha.com and their article: “Permian Basin Royalty Trust declares $0.0391 dividend” with publication date: August 15, 2018.

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

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