PermRock Royalty Trust (NYSE:PRT) Major Shareholder Sells $13,881.00 in Stock

Posted by Matthew Steigler on Sep 19th, 2023

PermRock Royalty Trust (NYSE:PRT – Get Free Report) major shareholder Boaz Energy Ii, Llc sold 2,100 shares of the business’s stock in a transaction dated Friday, September 15th. The stock was sold at an average price of $6.61, for a total transaction of $13,881.00. Following the completion of the sale, the insider now owns 5,079,274 shares in the company, valued at $33,574,001.14. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Major shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Boaz Energy Ii, Llc also recently made the following trade(s):

On Monday, September 18th, Boaz Energy Ii, Llc sold 3,600 shares of PermRock Royalty Trust stock. The stock was sold at an average price of $6.73, for a total transaction of $24,228.00.
On Wednesday, September 13th, Boaz Energy Ii, Llc sold 2,200 shares of PermRock Royalty Trust stock. The shares were sold at an average price of $6.44, for a total transaction of $14,168.00.
On Monday, September 11th, Boaz Energy Ii, Llc sold 1,400 shares of PermRock Royalty Trust stock. The stock was sold at an average price of $6.31, for a total value of $8,834.00.
On Friday, September 8th, Boaz Energy Ii, Llc sold 1,500 shares of PermRock Royalty Trust stock. The shares were sold at an average price of $6.35, for a total value of $9,525.00.
On Tuesday, September 5th, Boaz Energy Ii, Llc sold 1,700 shares of PermRock Royalty Trust stock. The stock was sold at an average price of $6.33, for a total value of $10,761.00.
On Friday, September 1st, Boaz Energy Ii, Llc sold 1,300 shares of PermRock Royalty Trust stock. The stock was sold at an average price of $6.26, for a total transaction of $8,138.00.
On Wednesday, August 30th, Boaz Energy Ii, Llc sold 1,200 shares of PermRock Royalty Trust stock. The shares were sold at an average price of $6.30, for a total transaction of $7,560.00.
On Monday, August 28th, Boaz Energy Ii, Llc sold 1,800 shares of PermRock Royalty Trust stock. The stock was sold at an average price of $6.29, for a total transaction of $11,322.00.
On Friday, August 25th, Boaz Energy Ii, Llc sold 1,000 shares of PermRock Royalty Trust stock. The stock was sold at an average price of $6.21, for a total value of $6,210.00.
On Wednesday, August 23rd, Boaz Energy Ii, Llc sold 2,000 shares of PermRock Royalty Trust stock. The shares were sold at an average price of $6.12, for a total value of $12,240.00.

PermRock Royalty Trust Trading Up 3.0 %

NYSE PRT opened at $6.81 on Tuesday. The business’s 50-day moving average price is $6.26 and its 200 day moving average price is $6.00. PermRock Royalty Trust has a twelve month low of $4.10 and a twelve month high of $8.83.

PermRock Royalty Trust (NYSE:PRT – Get Free Report) last announced its quarterly earnings data on Monday, August 14th. The company reported $0.10 earnings per share for the quarter. PermRock Royalty Trust had a net margin of 159.36% and a return on equity of 21.68%. The business had revenue of $1.59 million for the quarter.

PermRock Royalty Trust Increases Dividend

The business also recently declared a monthly dividend, which was paid on Friday, September 15th. Shareholders of record on Thursday, August 31st were issued a $0.04 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 7.05%. The ex-dividend date was Wednesday, August 30th. This is a positive change from PermRock Royalty Trust’s previous monthly dividend of $0.04.

Institutional Trading of PermRock Royalty Trust

Several institutional investors have recently made changes to their positions in the stock. Susquehanna International Group LLP purchased a new position in shares of PermRock Royalty Trust in the 1st quarter worth $131,000. Jane Street Group LLC acquired a new position in shares of PermRock Royalty Trust in the 3rd quarter valued at about $93,000. Royal Bank of Canada grew its holdings in shares of PermRock Royalty Trust by 50.5% during the 2nd quarter. Royal Bank of Canada now owns 29,200 shares of the company’s stock worth $159,000 after purchasing an additional 9,800 shares during the period. Morgan Stanley grew its holdings in shares of PermRock Royalty Trust by 25.3% during the 4th quarter. Morgan Stanley now owns 16,043 shares of the company’s stock worth $124,000 after purchasing an additional 3,239 shares during the period. Finally, UBS Group AG acquired a new stake in PermRock Royalty Trust during the 1st quarter worth approximately $27,000. 43.72% of the stock is owned by hedge funds and other institutional investors.

About PermRock Royalty Trust

(Get Free Report)

PermRock Royalty Trust owns 80% net profits interest in the oil and natural gas production properties acquired by Boaz Energy II, LLC in Permian Basin, Texas. Its underlying properties comprising 22,997 net acres, which include 2,434 net acres on the Central Basin Platform of the Permian Basin in Hockley and Terry counties, Texas; 1,667 net acres on the Central Basin Platform of the Permian Basin in Terry and Cochran counties, Texas; 14,727 net acres on the Eastern Shelf of the Permian Basin in Glasscock, Schleicher, Stonewall, and Coke counties, Texas; and 4,169 net acres on the Central Basin Platform of the Permian Basin in Ward, Crane, Terry, and Ector counties, Texas.