Today’s Stock On Watch: Is Permian Basin Royalty Trust a Sell? The Stock Declines Again

Today's Stock On Watch: Is Permian Basin Royalty Trust a Sell? The Stock Declines Again

The stock of Permian Basin Royalty Trust (NYSE:PBT) is a huge mover today! The stock decreased 3.86% or $0.28 during the last trading session, hitting $6.97. About 142,149 shares traded hands or 32.80% up from the average. Permian Basin Royalty Trust (NYSE:PBT) has risen 25.81% since February 29, 2016 and is uptrending. It has outperformed by 15.39% the S&P500.
The move comes after 8 months negative chart setup for the $328.49 million company. It was reported on Oct, 1 by Barchart.com. We have $6.20 PT which if reached, will make NYSE:PBT worth $36.13 million less.

Analysts await Permian Basin Royalty Trust (NYSE:PBT) to report earnings on November, 14.

According to Zacks Investment Research, “PERMIAN BASIN ROYALTY TRUSTs principal assets are comprised of a 75% net overriding royalty interest carved out of Southland Royalty Company’s fee mineral interests in the Waddell Ranch properties in Crane County, Tex. and a 95% net overriding royalty interest carved out of Southland Royalty Company’s major producing royalty properties in Texas.”

Insitutional Activity: The institutional sentiment increased to 1 in 2016 Q2. Its up 0.19, from 0.81 in 2016Q1. The ratio improved, as 12 funds sold all Permian Basin Royalty Trust shares owned while 12 reduced positions. 12 funds bought stakes while 12 increased positions. They now own 5.08 million shares or 1.97% less from 5.19 million shares in 2016Q1.
Piper Jaffray Commerce owns 1 shares or 0% of their US portfolio. Whittier Tru Company accumulated 0% or 1,000 shares. Foundation Resource Mgmt Inc has 1.69% invested in the company for 1.24 million shares. Moreover, Catawba Cap Mgmt Va has 0.04% invested in Permian Basin Royalty Trust (NYSE:PBT) for 20,001 shares. Gradient Llc accumulated 500 shares or 0% of the stock. Moreover, Ladenburg Thalmann Fincl Inc has 0% invested in Permian Basin Royalty Trust (NYSE:PBT) for 18,643 shares. King Luther Cap Mngmt Corp accumulated 11,700 shares or 0% of the stock. Blackrock Inv Ltd Liability owns 1,000 shares or 0% of their US portfolio. Us Fincl Bank De last reported 0% of its portfolio in the stock. Price Michael F last reported 23,841 shares in the company. Amg Comml Bank reported 120,030 shares or 0.08% of all its holdings. Wells Fargo And Mn holds 0% or 37,383 shares in its portfolio. Financial Bank Of America Corporation De, a North Carolina-based fund reported 355,297 shares. Horizon Kinetics Ltd Llc has 320,578 shares for 0.06% of their US portfolio. Jpmorgan Chase And reported 1,549 shares or 0% of all its holdings.

More notable recent Permian Basin Royalty Trust (NYSE:PBT) news were published by: Finance.Yahoo.com which released: “Permian Basin Royalty Trust Announces September Cash Distribution” on September 20, 2016, also Marketwatch.com with their article: “Permian Basin Royalty Trust” published on January 26, 2011, Realmoney.Thestreet.com published: “A Sign of Trust: Permian Basin Royalty Rallies” on June 01, 2016. More interesting news about Permian Basin Royalty Trust (NYSE:PBT) were released by: Streetinsider.com and their article: “Permian Basin Royalty Trust (PBT) Declares $0.045907 Monthly Dividend; 7.8% Yield” published on September 20, 2016 as well as Seekingalpha.com‘s news article titled: “Permian Basin Royalty Trust: A Trust With Both Upside And Risk (PBT)” with publication date: December 25, 2014.

PBT Company Profile

Permian Basin Royalty Trust, incorporated on June 2, 1905, is an express trust. The Company’s Waddell Ranch Properties has mineral interests in the Waddell Ranch. The Company’s Waddell Ranch properties have proved reserves in approximately six fields, which include Dune, Sand Hills (Judkins), Sand Hills (McKnight), Sand Hills (Tubb), University-Waddell (Devonian) and Waddell. The Company’s Waddell Ranch properties are operated by Burlington Resources Oil & Gas Company LP (BROG). The fields have approximately 12 producing zones, including Grayburg and San Andres, ranging in depth from 2,800 feet to 10,600 feet. The Company’s Sand Hills (Tubb) oil fields produce from the Tubb formation at depths averaging approximately 4,300 feet and the University Waddell (Devonian) oil field is productive from the Devonian formation approximately between 8,400 feet and 9,200 feet.

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