PermRock Royalty Trust Plans Monthly Dividend of $0.00 (NYSE:PRT)

PermRock Royalty Trust (NYSE:PRT) declared a monthly dividend on Friday, March 20th. Investors of record on Tuesday, March 31st will be given a dividend of 0.003 per share on Tuesday, April 14th. This represents a c) dividend on an annualized basis and a yield of 1.1%. The ex-dividend date is Tuesday, March 31st.

PermRock Royalty Trust has decreased its dividend payment by an average of 0.1%annually over the last three years.

PermRock Royalty Trust Trading Down 1.4%

Shares of PRT traded down $0.05 during midday trading on Friday, reaching $3.33. The stock had a trading volume of 73,548 shares, compared to its average volume of 54,803. The company has a market capitalization of $40.54 million, a price-to-earnings ratio of 7.93 and a beta of 0.72. The company’s 50-day moving average is $3.34 and its 200 day moving average is $3.62. PermRock Royalty Trust has a 12-month low of $2.61 and a 12-month high of $4.42.

Institutional Trading of PermRock Royalty Trust

An institutional investor recently bought a new position in PermRock Royalty Trust stock. Jane Street Group LLC purchased a new position in PermRock Royalty Trust (NYSE:PRT) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 19,023 shares of the company’s stock, valued at approximately $53,000. Jane Street Group LLC owned about 0.16% of PermRock Royalty Trust as of its most recent SEC filing. Hedge funds and other institutional investors own 41.67% of the company’s stock.

About PermRock Royalty Trust

PermRock Royalty Trust is an unincorporated statutory trust established in 2018 by PDC Energy under Delaware law to hold non-operated royalty interests in oil and natural gas properties. The trust’s assets derive from a portfolio of mineral and royalty interests originally contributed by PDC Energy, primarily focused on the Delaware Basin of West Texas. As a royalty trust, PermRock does not engage in drilling or field operations but instead receives royalty income from production generated by third-party operators.

The core business activity of PermRock revolves around collecting and distributing net profits interest and mineral royalty payments from producing wells.