PermRock Royalty Trust (PRT) To Go Ex-Dividend on August 31st

PermRock Royalty Trust (NYSE:PRT) announced a monthly dividend on Friday, August 21st. Stockholders of record on Monday, August 31st will be given a dividend of 0.0218 per share on Tuesday, September 15th. This represents a c) dividend on an annualized basis and a dividend yield of 11.7%. The ex-dividend date of this dividend is Monday, August 31st.

PermRock Royalty Trust has raised its dividend payment by an average of 0.2%per year over the last three years.

PermRock Royalty Trust Trading Up 0.4%

NYSE:PRT opened at $2.24 on Friday. PermRock Royalty Trust has a 12-month low of $1.82 and a 12-month high of $4.12. The firm has a market cap of $27.26 million, a PE ratio of 9.74 and a beta of 0.40. The stock has a fifty day moving average price of $2.24 and a 200 day moving average price of $2.67.

PermRock Royalty Trust (NYSE:PRT) last announced its quarterly earnings data on Friday, August 14th. The company reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.09 by ($0.06). The company had revenue of $0.71 million during the quarter, compared to analysts’ expectations of $4.93 million. PermRock Royalty Trust had a net margin of 77.46% and a return on equity of 7.72%.

Hedge Funds Weigh In On PermRock Royalty Trust

An institutional investor recently bought a new stake in PermRock Royalty Trust stock. Cetera Investment Advisers acquired a new position in shares of PermRock Royalty Trust (NYSE:PRT) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 15,353 shares of the company’s stock, valued at approximately $51,000. Cetera Investment Advisers owned about 0.13% of PermRock Royalty Trust at the end of the most recent quarter. 41.67% of the stock is owned by institutional investors and hedge funds.

PermRock Royalty Trust Company Profile

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.