Permian Basin Royalty Trust (NYSE:PBT): Negative Stock Sentiment

June 15, 2018 - By Louis Casey

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 turned negative, as 15 institutional investors started new or increased equity positions, while 24 decreased and sold stock positions in Permian Basin Royalty Trust. The institutional investors in our partner’s database now hold: 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 equity 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 $426.47 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 14.55 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 increased 0.77% or $0.07 during the last trading session, reaching $9.15. About 121,349 shares traded or 33.19% up from the average. Permian Basin Royalty Trust (NYSE:PBT) has declined 0.10% since June 15, 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.

Another recent and important Permian Basin Royalty Trust (NYSE:PBT) news was published by which published an article titled: “Permian Basin Royalty Trust Announces May Cash Distribution” on May 18, 2018.

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

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