Royce & Associates LP cut its stake in shares of Permian Basin Royalty Trust (NYSE:PBT) by 2.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 916,206 shares of the oil and gas producer’s stock after selling 26,213 shares during the quarter. Royce & Associates LP’s holdings in Permian Basin Royalty Trust were worth $8,127,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors also recently made changes to their positions in the business. SeaCrest Wealth Management LLC bought a new stake in Permian Basin Royalty Trust during the fourth quarter valued at approximately $1,230,000. Wells Fargo & Company MN lifted its position in Permian Basin Royalty Trust by 9.1% during the second quarter. Wells Fargo & Company MN now owns 86,483 shares of the oil and gas producer’s stock valued at $752,000 after purchasing an additional 7,219 shares during the last quarter. Finally, Kovack Advisors Inc. bought a new stake in Permian Basin Royalty Trust during the fourth quarter valued at approximately $266,000. Institutional investors and hedge funds own 10.07% of the company’s stock.
Permian Basin Royalty Trust (PBT) opened at $9.55 on Tuesday. The company has a market cap of $438.12, a P/E ratio of 14.92 and a beta of 0.56. Permian Basin Royalty Trust has a one year low of $7.80 and a one year high of $10.30.
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Permian Basin Royalty Trust Profile
Permian Basin Royalty Trust is an express trust. The Company’s Waddell Ranch Properties has mineral interests in the Waddell Ranch. Its Waddell Ranch properties have proved reserves in six fields: Dune, Sand Hills (Judkins), Sand Hills (McKnight), Sand Hills (Tubb), University-Waddell (Devonian) and Waddell.
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