Permian Basin Royalty Trust (PBT) Stock Rating Lowered by BidaskClub

Paterniano Del Favero
Agosto 13, 2017

As of quarter end Oppenheimer & Co Inc had bought a total of 147 shares growing its holdings by 0.1%. The firm had revenue of $7.48 million during the quarter. Ubs Global Asset Management Americas Inc sold 116,419 shares as Kinder Morgan Inc (KMI)'s stock declined 10.34%. The company's 50 day moving average price is $6.71 and its 200 day moving average price is $7.05. This company shares are 185.52% off its target price of $20.5 and the current market capitalization stands at $334.66M. Permian Basin Royalty Trust has a 12-month low of $6.65 and a 12-month high of $10.30. The company also declared a dividend for shareholders which was paid on Monday the 17th of July 2017. Investors of record on Monday, July 31st will be given a $0.0608 dividend. The ex-dividend date was Thursday the 27th of July 2017. This represents a $0.73 annualized dividend and a dividend yield of 10.12%. Permian Basin Royalty Trust (NYSE:PBT) has risen 49.85% since August 11, 2016 and is uptrending.

Hedge funds have recently made changes to their positions in the stock. The correct version of this piece of content can be accessed at IL now owns 14,800 shares of the oil and gas producer's stock valued at $101,000 after buying an additional 800 shares in the last quarter.

San Juan Basin Royalty Trust, incorporated in 1980, is an express trust. Retail Bank Of America Corporation De holds 0% of its portfolio in Permian Basin Royalty Trust (NYSE:PBT) for 125,935 shares. Sigma Planning Corp now owns 12,804 shares of the oil and gas producer's stock worth $111,000 after buying an additional 193 shares during the period.

Headlines about Permian Basin Royalty Trust (NYSE:PBT) have trended somewhat positive recently, according to Accern Sentiment Analysis. As of quarter end Cibc World Markets Inc. had disposed of 54,250 shares trimming its stake by 33.3%. Wells Fargo & Company/mn now owns 9,928 shares worth $68,000. TheStreet raised shares of San Juan Basin Royalty Trust from a "c" rating to a "b-" rating in a report on Wednesday, May 31st.

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 story on another domain, it was illegally copied and republished in violation of United States and global copyright & trademark law. 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 (NYSE:PBT) last announced its quarterly earnings results on Wednesday, August 9th.

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