PBT

Permian Basin Royalty Trust
PBT

$11.08

1%

Market Cap: $516M

About: Permian Basin Royalty Trust is an express trust. The company's underlying properties include Waddell Ranch Properties in which the trust holds mineral interest as well as royalty interests in mature producing oil fields, such as Yates, Wasson, Sand Hills, East Texas, Kelly-Snyder, Panhandle Regular, N. Cowden, Todd, Keystone, Kermit, McElroy, Howard-Glasscock, Seminole and others across Texas. The company earns majority revenue in form of royalties received through its properties.

Financials Oil Royalty Traders

0

Funds holding %

of 6,686 funds

–

Analysts bullish %

Fund manager confidence

Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)

123% more call options, than puts

Call options by funds: $2.58M | Put options by funds: $1.16M

24% more repeat investments, than reductions

Existing positions increased: 26 | Existing positions reduced: 21

0% more funds holding in top 10

Funds holding in top 10: 1 [Q1] → 1 (+0) [Q2]

0.19% less ownership

Funds ownership: 28.27% [Q1] → 28.08% (-0.19%) [Q2]

7% less first-time investments, than exits

New positions opened: 13 | Existing positions closed: 14

1% less funds holding

Funds holding: 81 [Q1] → 80 (-1) [Q2]

8% less capital invested

Capital invested by funds: $159M [Q1] → $147M (-$12.2M) [Q2]

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Research analyst outlook

We haven’t received any recent analyst ratings for PBT.

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Financial journalist opinion

PERMIAN BASIN ROYALTY TRUST ANNOUNCES AUGUST CASH DISTRIBUTION

DALLAS , Aug. 20, 2024 /PRNewswire/ -- Argent Trust Company, as Trustee of the Permian Basin Royalty Trust (NYSE: PBT) ("Permian" or the "Trust") today declared a cash distribution to the holders of its units of beneficial interest of $0.051902 per unit, payable on September 16, 2024, to unit holders of record on August 30, 2024. The distribution does not include proceeds from the Waddell Ranch properties for the current month but does include the proceeds from July in the amount of $1,508,873.

PERMIAN BASIN ROYALTY TRUST ANNOUNCES AUGUST CASH DISTRIBUTION

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PERMIAN BASIN ROYALTY TRUST ANNOUNCES JULY CASH DISTRIBUTION

DALLAS, July 19, 2024 /PRNewswire/ -- Argent Trust Company, as Trustee of the Permian Basin Royalty Trust (NYSE: PBT) ("Permian" or the "Trust") today declared a cash distribution to the holders of its units of beneficial interest of $0.070169 per unit, payable on August 14, 2024, to unit holders of record on July 31, 2024. The distribution does not include proceeds from the Waddell Ranch properties for the current month but does include the proceeds from June in the amount of $2,177,289.

PERMIAN BASIN ROYALTY TRUST ANNOUNCES JULY CASH DISTRIBUTION

PERMIAN BASIN ROYALTY TRUST ANNOUNCES JUNE CASH DISTRIBUTION

DALLAS , June 17, 2024 /PRNewswire/ -- Argent Trust Company, as Trustee of the Permian Basin Royalty Trust (NYSE: PBT) ("Permian" or the "Trust") today declared a cash distribution to the holders of its units of beneficial interest of $0.072743 per unit, payable on July 15, 2024, to unit holders of record on June 28, 2024. The distribution does not include proceeds from the Waddell Ranch properties for the current month, but does include the proceeds from May in the amount of $2,247,045.

PERMIAN BASIN ROYALTY TRUST ANNOUNCES JUNE CASH DISTRIBUTION

PERMIAN BASIN ROYALTY TRUST ANNOUNCES RECEIPT OF THE WADDELL RANCH PROPERTIES PROCEEDS

DALLAS , June 3, 2024 /PRNewswire/ -- Argent Trust Company, as Trustee of the Permian Basin Royalty Trust (NYSE: PBT) ("Permian" or the "Trust") announces that proceeds for the Waddell Ranch Properties in the amount of $2,247,045 were received on May 31, 2024. These proceeds will be included in the June 2024 distribution calculation, together with proceeds from the Texas Royalty Properties, which will be announced on Monday, June 17, 2024.

PERMIAN BASIN ROYALTY TRUST ANNOUNCES RECEIPT OF THE WADDELL RANCH PROPERTIES PROCEEDS

PERMIAN BASIN ROYALTY TRUST ANNOUNCES MAY CASH DISTRIBUTION; WITH THE OMISSION OF WADDELL RANCH PROPERTIES PROCEEDS

DALLAS , May 20, 2024 /PRNewswire/ -- Argent Trust Company, as Trustee of the Permian Basin Royalty Trust (NYSE: PBT) ("Permian" or the "Trust") today declared a cash distribution to the holders of its units of beneficial interest of $0.020052 per unit, payable on June 14, 2024, to unit holders of record on May 31, 2024. The distribution does not include proceeds from the Waddell Ranch properties for the reasons described in more detail below.

PERMIAN BASIN ROYALTY TRUST ANNOUNCES MAY CASH DISTRIBUTION; WITH THE OMISSION OF WADDELL RANCH PROPERTIES PROCEEDS

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PERMIAN BASIN ROYALTY TRUST ANNOUNCES LAWSUIT AGAINST BLACKBEARD OPERATING, LLC

DALLAS , May 8, 2024 /PRNewswire/ -- Argent Trust Company, as Trustee of the Permian Basin Royalty Trust (NYSE: PBT) ("Permian" or the "Trust") today announced that it has initiated a lawsuit by filing a petition in the District Court of Tarrant County, Texas against Blackbeard Operating, LLC ("Blackbeard"), the operator of properties in the Waddell Ranch, in Crane County, Texas, in which the Trust holds a 75% net overriding royalty. Pursuant to the petition, the Trustee seeks to recover more than $15 million in damages to the Trust resulting from overhead costs and other expenses the Trustee alleges were impermissibly deducted from royalty payments to the Trust.

PERMIAN BASIN ROYALTY TRUST ANNOUNCES LAWSUIT AGAINST BLACKBEARD OPERATING, LLC

PERMIAN BASIN ROYALTY TRUST ANNOUNCES APRIL CASH DISTRIBUTION

DALLAS , April 19, 2024 /PRNewswire/ -- Argent Trust Company, as Trustee of the Permian Basin Royalty Trust (NYSE: PBT) ("Permian" or the "Trust") today declared a cash distribution to the holders of its units of beneficial interest of $0.088214 per unit, payable on May 14, 2024, to unit holders of record on April 30, 2024. This month's distribution increased from the previous month due mainly to a decrease in capital costs and a higher average oil price, partially offset by decreases in the production of both oil and natural gas as well as a lower average gas price on the Waddell Ranch Properties.

PERMIAN BASIN ROYALTY TRUST ANNOUNCES APRIL CASH DISTRIBUTION

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