Midday Report: Permian Basin Royalty (PBT) Shares Climb for June 21

Equities Staff  |

Today Permian Basin Royalty Trust (NYSE: PBT) is trading 7.78% up.

The latest price, as of 12:02:01 est, was $19.00. Permian Basin Royalty has climbed $1.38 in trading today.

150,875 shares have exchanged hands.

As of the previous close, Permian Basin Royalty has a YTD change of 77.53%. The company anticipates its next earnings on 2022-08-15.

For technical charts, analysis, and more on Permian Basin Royalty visit the company profile.

About Permian Basin Royalty Trust

The Permian Basin Royalty Trust’s (the “Trust”) principal assets are comprised of a 75% net overriding royalty interest carved out by Southland Royalty Company (“Southland”) from its fee mineral interest in the Waddell Ranch properties in Crane County, Texas (“Waddell Ranch properties”), and a 95% net overriding royalty interest carved out by Southland from its major producing royalty properties in Texas (“Texas Royalty properties”). The interests out of which the Trust’s net overriding royalty interests were carved were in all cases less than 100%. The Trust’s net overriding royalty interests represent burdens against the properties in favor of the Trust without regard to ownership of the properties from which the overriding royalty interests were carved. The net overriding royalties above are collectively referred to as the “Royalties.” The properties and interests from which the Royalties were carved and which the Royalties now burden are collectively referred to as the “Underlying Properties.”

To get more information on Permian Basin Royalty Trust and to follow the company's latest updates, you can visit the company's profile page here: Permian Basin Royalty Trust's Profile. For more news on the financial markets be sure to visit Equities News. Also, don't forget to sign-up for the Daily Fix to receive the best stories to your inbox 5 days a week.

Sources: Symbol info widget is provided by TradingView based on 15-minute-delayed prices. All other article data is provided by IEX Cloud on 15-minute delayed prices or EOD company info.

Stock price data is provided by IEX Cloud on a 15-minute delayed basis. Chart price data is provided by TradingView on a 15-minute delayed basis.

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