Ironwood Financial llc Sells 6,200 Shares of Permian Basin Royalty Trust (NYSE:PBT)

Ironwood Financial llc lessened its stake in shares of Permian Basin Royalty Trust (NYSE:PBT) by 33.5% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 12,300 shares of the oil and gas producer’s stock after selling 6,200 shares during the quarter. Ironwood Financial llc’s holdings in Permian Basin Royalty Trust were worth $136,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in PBT. Access Investment Management LLC acquired a new position in Permian Basin Royalty Trust in the 3rd quarter valued at $97,000. International Assets Investment Management LLC grew its position in shares of Permian Basin Royalty Trust by 1,089.0% in the third quarter. International Assets Investment Management LLC now owns 8,323 shares of the oil and gas producer’s stock valued at $99,000 after purchasing an additional 7,623 shares during the last quarter. Prospera Private Wealth LLC bought a new position in shares of Permian Basin Royalty Trust in the third quarter worth about $110,000. Avondale Wealth Management acquired a new position in shares of Permian Basin Royalty Trust during the 3rd quarter worth about $113,000. Finally, Flow Traders U.S. LLC bought a new stake in Permian Basin Royalty Trust during the 3rd quarter valued at approximately $167,000. Institutional investors own 28.86% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com lowered Permian Basin Royalty Trust from a “buy” rating to a “hold” rating in a report on Monday, January 6th.

Permian Basin Royalty Trust Stock Performance

NYSE PBT opened at $11.74 on Monday. The company’s fifty day moving average is $12.19 and its two-hundred day moving average is $11.64. Permian Basin Royalty Trust has a 52-week low of $10.14 and a 52-week high of $15.79.

Permian Basin Royalty Trust Increases Dividend

The company also recently declared a monthly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were paid a dividend of $0.0219 per share. This represents a $0.26 annualized dividend and a yield of 2.24%. This is a positive change from Permian Basin Royalty Trust’s previous monthly dividend of $0.02. The ex-dividend date of this dividend was Tuesday, December 31st. Permian Basin Royalty Trust’s payout ratio is currently 33.33%.

Permian Basin Royalty Trust Company Profile

Permian Basin Royalty Trust, an express trust, holds royalty interests in various oil and gas properties in the United States. The company holds a 75% net overriding royalty interest in the Waddell Ranch properties, including Dune, Sand Hills (Judkins), Sand Hills (McKnight), Sand Hills (Tubb), University-Waddell (Devonian) and Waddell fields in Crane County, Texas.