Permian Basin Royalty Trust (PBT) Downgraded to Sell at BidaskClub

Xavier Trudeau
Août 13, 2017

Permian Basin Royalty Trust (NYSE PBT) opened at 8.68 on Tuesday. The firm had revenue of $6.45 million for the quarter. Permian Basin Royalty Trust had a return on equity of 4,869.23% and a net margin of 95.38%. Additionally San Juan Basin Royalty Trust declared a dividend that was paid on Monday July 17th, 2017. Ubs Global Asset Management Americas Inc sold 116,419 shares as Kinder Morgan Inc (KMI)'s stock declined 10.34%. The company has a 50 day moving average of $8.94 and a 200-day moving average of $9.29. The stock has a market cap of $334.18 million, a price-to-earnings ratio of 12.94 and a beta of -0.46.

San Juan Basin Royalty Trust is an express trust.

The company also recently announced a monthly dividend, which will be paid on Monday, August 14th. The dividend payment was $0.148 per share for the quarter which comes to $0.59 on an annualized basis. The ex-dividend date was Thursday the 27th of July 2017. Permian Basin Royalty Trust's dividend payout ratio (DPR) is presently 87.50%.

Hedge funds have recently made changes to their positions in the stock. The original version of this piece can be read at Sigma Planning Corp raised its position in shares of Permian Basin Royalty Trust by 1.5% in the second quarter.

Permian Basin Royalty Trust (NYSE:PBT) last posted its quarterly earnings results on Wednesday, August 9th. The value of the company's investment in San Juan Basin Royalty Trust decreased from $37,228,000 to $34,633,000 a change of 7.0% since the last quarter. The third largest holder is Hilton Capital Management, Llc, which now holds $10.6 million worth of this stock and that ownership represents almost 3.17% of its market capitalization. Finally, Captrust Financial Advisors acquired a new stake in shares of San Juan Basin Royalty Trust during the second quarter valued at about $156,000. Moreover, Hawkins Capital L.P. has 0.18% invested in the company for 72,400 shares. TheStreet downgraded San Juan Basin Royalty Trust from a "b-" rating to a "c+" rating in a research note on Friday, June 23rd.

TRADEMARK VIOLATION NOTICE: This piece of content was first reported by Transcript Daily and is the sole property of of Transcript Daily. If you are viewing this piece on another website, it was illegally copied and reposted in violation of USA and worldwide copyright & trademark legislation. The Company's Royalty is carved from working, royalty and other oil and natural gas interests owned by Southland Royalty Company, the predecessor to Burlington Resources Oil & Gas Company LP, in properties located in the San Juan Basin of northwestern New Mexico (Subject Interests). Permian Basin Royalty Trust earned a news impact score of 0.02 on Accern's scale.

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