Permian Basin Royalty TrustPBT
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.
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]
Research analyst outlook
We haven’t received any recent analyst ratings for PBT.