How have the shares performed?
Permian Basin Royalty Trust (PBT) saw an uptrend of 4.85% in the recent trading with $5.40 being its most recent. The current price level 4.85% lower than the highest price of $5.15 marked by the stock while trading over the past 52-weeks, whereas it is 155.92% higher than the lowest price of $2.11 the company dropped to over past 52-weeks. The latest news story on PBT appeared in Insider Monkey under the title “Should I Buy Permian Basin Royalty Trust (PBT)?” on Jun-14-21.
Looking into the simple moving average, Permian Basin Royalty Trust (PBT)’s stock stands at a SMA-50 of $4.17 while that of 5-day is reading $4.91.
Daily rise and fall of price influence many of the traders, and in order to overcome the fluctuating effect of that and to watch the stock closely, traders focus more on stock’s 200-day moving average. At various points in trading activity, investors are more likely to be making use of that measure as a strong indicator in figuring out their support and resistance levels, and PBT’s SMA-200 as of now is $3.50.
Permian Basin Royalty Trust Earnings – What Happened With PBT
Coming around sales and income figures, publically trading companies under normal circumstances post earnings and revenues near to average estimates by the Wall Street analysts, but those could came either above or below estimates and known as surprise factor. During the reported three-month period, company’s sales were $2.13 billion.
PBT – Permian Basin Royalty Trust Stock Earnings Estimates
Investors get the exact data about the key information of institutional ownership in a listed company through its 13F filings at the Stock Exchange Commission (SEC). The total number of common shares currently owned by the public is 46.61 million. PBT does have institutional investors; and they hold 9.80% of the stock.
Permian Basin Royalty Trust – Insider Activity and Holdings
As on Mar 30, 2021, SoftVest Advisors, LLC was the top most holder in Permian Basin Royalty Trust (NYSE:PBT) with an ownership of 1.89 million shares of the company or 4.05% of the stake worth $7.51 million. The filing also reveals Foundation Resource Management Inc as the second largest holder in the company with a control over 1.63% of the outstanding shares. Its stake is worth $3.02 million for having 0.76 million shares in hand.
Horizon Kinetics Asset Management LLC also came holding a key position in the company during the recent quarter and it now holds 0.72% of the outstanding shares. With this there are now 53 institutions which have possession in PBT’s shares.
The liquidity is a key characteristic of any stock and is the main point of focus of both short-term as well as long term investors before start trading into a stock. In recently reported quarter, Permian Basin Royalty Trust has a debt to equity ratio of 0.00.
Technical Analysis of Permian Basin Royalty Trust (NYSE:PBT) stock
To comprehend better with the trade moves and investors’ behavior, exploring the short, medium and long term technical indicators along with average volume of a stock is an effective way to make use of. When looking into those indicators for Permian Basin Royalty Trust (PBT), we notice that the stock’s 20-day average volume is at 101,400 shares and 100% of short term indicators are suggesting the stock as Buy. Medium term indicators at an average of 100% are spotting the stock at Buy with its 50-day average volume of 100,824 shares. And to end, PBT’s 100-day average volume is 115,256 shares with 100% of the long-term indicators pointing towards Buy for the stock.