PBT Permian Basin Royalty Trust Common Stock

NYSE · Energy · View on SEC EDGAR ↗
$33.07
Price · Aug 18, 2026
Fundamentals as of Aug 13, 2026

About Permian Basin Royalty Trust Common Stock Company overview from Wikipedia

The Permian Basin Royalty Trust is a United States oil and natural gas royalty trust based in Dallas, Texas. With a market capitalization of US $790,000,000, and an average daily trading volume of about 186,000 shares at the end of 2007, it was one of the largest royalty trusts in the United States. Its source of revenue is oil and gas pumped from the geologic formation for which it is named, the Permian Basin in west Texas, as well as a few locations in other parts of the state.

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The Permian Basin Royalty Trust (NYSE: PBT) is a United States oil and natural gas royalty trust based in Dallas, Texas. With a market capitalization of US $790,000,000, and an average daily trading volume of about 186,000 shares at the end of 2007, it was one of the largest royalty trusts in the United States. Its source of revenue is oil and gas pumped from the geologic formation for which it is named, the Permian Basin in west Texas, as well as a few locations in other parts of the state.

Most of the Trust's properties are on the Waddell Ranch in Crane County, Texas, where it owns a 75% net overriding royalty interest in the fee mineral interests (in this case, oil and natural gas). Other properties of the trust are in 32 other Texas counties, most of which are in the western portion of the state, on the High Plains; the trust owns a 95% net overriding royalty interest in all of its properties outside of the Waddell Ranch.

The principal productive zones for oil on the Waddell Ranch are in two geologic units, the Grayburg and the San Andreas, at a depth of from 2,800 to 3,400 feet (1,000 m) below ground surface; however there are a total of 12 producing zones on the ranch, including one at a depth of 10,600 feet (3,200 m). As of the end of 2006, there were a total of 800 operational and productive oil wells and 205 natural gas wells on the Waddell Ranch in the Trust. On December 31, 2006, the Trust claimed a lifetime of approximately 8.3 years for all mineral reserves of the Trust.

Permin Basin Royalty Trust came into being in November 1980, with an agreement between Southland Royalty Company and the First National Bank of Fort Worth. As is the case with U.S. royalty trusts, the trust cannot function as a business, and has no employees; all operations and maintenance are carried out by the Trustee and its subcontractors. Currently, the assets of the Trust are managed by ConocoPhillips, which acquired Meridian Oil, the previous operator. Meridian changed its name to Burlington Resources Oil and Gas Company, LP, in 1996, prior to being acquired by ConocoPhillips in 2006.

The Trust pays a relatively high dividend, yielding an annual rate of 12.4% in early 2008; in addition, it pays out monthly, a relative rarity for U.S. stocks. However, its distribution is dependent on the prices of oil and gas; thus, unlike traditional stocks (who, when declaring a dividend, usually maintain it at the same amount for each quarter of the year), the dividend payout will differ each month.

Since the Trust's assets are considered a depletable resource, its dividend payments are not taxed at the regular dividend rate, but rather as return of capital instead of return on investment; this is an additional tax advantage in the United States, and applies to all royalty trusts.

== References and notes ==

Source: Wikipedia, CC BY-SA 4.0 · View on Wikipedia ↗

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PBT Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range

Price
$33.07
Market Cap
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52W Range
$15 – $35

PBT Stock Price Chart Daily OHLCV with technical indicators — pan, zoom, and customize your view

10-Year Performance Revenue, net income, margins and EPS trends

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Financial Health Debt, liquidity, solvency — balance sheet strength

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Per Share Metrics EPS, book value per share, cash flow per share, dividend per share

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Dividends Yield, payout ratio, dividend history, 5Y CAGR

Dividend Yield
Payout Ratio
5Y Div CAGR
Ex-dateAmount
July 31, 2026$0.0440
June 30, 2026$0.0250
May 29, 2026$0.0200
April 30, 2026$0.0380
March 31, 2026$0.0110
Feb. 27, 2026$0.0140
Jan. 30, 2026$0.0400
Dec. 31, 2025$0.0130
Nov. 28, 2025$0.0190
Oct. 31, 2025$0.0200
Sept. 30, 2025$0.1150
Aug. 29, 2025$0.0160
July 31, 2025$0.0150
June 30, 2025$0.0130
May 30, 2025$0.0190
April 30, 2025$0.0200
March 31, 2025$0.0180
Feb. 28, 2025$0.0170
Jan. 31, 2025$0.0210
Dec. 31, 2024$0.0220

Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date

Avg Surprise
-0.01%
Period EPS Actual EPS Est Surprise
Sept. 30, 2009 $0.22 $0.23 -0.01%
June 30, 2009 $0.13 $0.14 -0.01%
March 31, 2009 $0.16 $0.17 -0.01%
Dec. 31, 2008 $0.49 $0.51 -0.01%
March 31, 2008 $0.49 $0.51 -0.01%

Peer comparison (GICS sub-industry) Key metrics vs sector peers

Ticker Market Cap P/E Rev YoY Net Margin ROE Gross Margin
PBT
NOG $2.09B 55.1 11.2% 1.6% 1.7%
TALO $1.86B -3.9 -9.8% -27.8% -21.1%
MNR 10.1 21.2% 12.2%
KRP 7.9% 29.8%
KOS -0.6 -23.1% -54.3% -90.5%
DMLP -5.4% 37.5%
GRNT 26.1 18.5% 5.4% 3.9%
SBR
HPK $594M 33.9 -22.7% 2.2% 1.2%
COP 14.7 7.7% 13.6% 12.3%

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Institutional owners (13F) 111 filers · $495.2M total · As of June 30, 2026

Institutions that report holding this stock in their quarterly SEC Form 13F. Long positions only; a single filer may appear twice for separate option legs. Large offsetting put/call legs typically reflect market-making or hedged inventory, not directional conviction.

Institutional activity — Q2 2026 vs prior quarter
New positions Exited positions Increased Decreased Net shares change
17 (+6 vs prior Q) 9 (-4 vs prior Q) 29 (+6 vs prior Q) 24 (-8 vs prior Q) +193K

Compared to Q1 2026. SEC Form 13F filings are due within 45 days of quarter-end plus a short buffer for late filers — quarters still inside that window are skipped in favor of the most recent fully-reported pair.

Institution Value Shares % of tracked 13F Type
HORIZON KINETICS ASSET MANAGEMENT LLC $168,501,395 6,729,289 34.02% Shares
SoftVest Advisors, LLC $155,676,359 6,217,107 31.44% Shares
MAD RIVER INVESTORS $25,169,016 1,005,152 5.08% Shares
SCHWARTZ INVESTMENT COUNSEL INC $23,380,324 933,719 4.72% Shares
FOUNDATION RESOURCE MANAGEMENT INC $15,683,328 626,331 3.17% Shares
Moors & Cabot, Inc. $14,276,824 570,161 2.88% Shares
COMMONWEALTH EQUITY SERVICES, LLC $10,622,693 424,229 2.14% Shares
PEAK6 LLC $7,522,016 300,400 1.52% Call option
Advisory Services Network, LLC $6,249,847 249,595 1.26% Shares
SEI INVESTMENTS CO $5,283,440 211,000 1.07% Shares
MSRH, LLC $5,172,160 240,342 1.04% Shares
SteelPeak Wealth, LLC $4,999,141 199,449 1.01% Shares
LPL Financial LLC $4,950,819 197,716 1.00% Shares
Beacon Pointe Advisors, LLC $3,396,562 157,833 0.69% Shares
Lido Advisors, LLC $2,953,677 117,842 0.60% Shares
BWM Planning, LLC $2,614,111 104,397 0.53% Shares
Atlas Wealth Partners, LLC $2,061,210 82,241 0.42% Shares
RAYMOND JAMES FINANCIAL INC $1,858,262 74,212 0.38% Shares
JANE STREET GROUP, LLC $1,795,618 71,710 0.36% Shares
HighTower Advisors, LLC $1,771,831 70,760 0.36% Shares
PROMETHIUM ADVISORS,LLC $1,711,871 68,298 0.35% Shares
Pathstone Holdings, LLC $1,576,175 62,940 0.32% Shares
Essex Financial Services, Inc. $1,423,921 56,866 0.29% Shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP $1,349,656 53,900 0.27% Call option
MOR Wealth Management, LLC $1,315,451 52,534 0.27% Shares
Avondale Wealth Management $1,160,103 46,330 0.23% Shares
Family Manage LLC $1,071,912 42,808 0.22% Shares
Fielder Capital Group LLC $1,044,808 41,726 0.21% Shares
PKS Advisory Services, LLC $1,030,076 41,137 0.21% Shares
Walleye Capital LLC $1,011,466 40,394 0.20% Shares
UBS Group AG $985,825 39,370 0.20% Shares
MORGAN STANLEY $947,263 37,830 0.19% Shares
EagleClaw Capital Managment, LLC $916,464 36,600 0.19% Shares
XTX Topco Ltd $834,984 33,346 0.17% Shares
Steward Partners Investment Advisory, LLC $805,061 32,151 0.16% Shares
CITADEL ADVISORS LLC $703,624 28,100 0.14% Call option
CAPTRUST FINANCIAL ADVISORS $673,376 26,892 0.14% Shares
BEESE FULMER INVESTMENT MANAGEMENT, INC. $658,978 26,317 0.13% Shares
Financial Sense Advisors, Inc. $627,272 25,051 0.13% Shares
BANK OF AMERICA CORP /DE/ $550,880 22,000 0.11% Shares
GROUP ONE TRADING LLC $546,974 21,844 0.11% Shares
WELLS FARGO & COMPANY/MN $537,990 21,485 0.11% Shares
ROYAL BANK OF CANADA $525,000 20,975 0.11% Shares
Corient Private Wealth LP $523,740 20,917 0.11% Shares
Blue Trust, Inc. $511,317 20,420 0.10% Shares
Resurgent Financial Advisors LLC $500,800 20,000 0.10% Shares
Stratos Wealth Partners, LTD. $491,101 19,612 0.10% Shares
Welch Group, LLC $483,222 19,298 0.10% Shares
Capital Investment Advisors, LLC $459,929 18,368 0.09% Shares
NAPATREE CAPITAL LLC $456,715 46,273 0.09% Shares
WEALTH ENHANCEMENT ADVISORY SERVICES, LLC $436,092 16,645 0.09% Shares
BRADLEY FOSTER & SARGENT INC/CT $413,686 16,521 0.08% Shares
KINGSWOOD WEALTH ADVISORS, LLC $369,934 14,774 0.07% Shares
SteelPeak Wealth, LLC $350,560 14,000 0.07% Call option
Ironwood Financial, llc $345,138 12,300 0.07% Shares
Caption Management, LLC $317,082 12,663 0.06% Shares
First Financial Bankshares Inc $300,480 12,000 0.06% Shares
Quadrature Capital Ltd $298,902 11,937 0.06% Shares
JPMORGAN CHASE & CO $279,028 11,179 0.06% Shares
Clark Asset Management, LLC $250,400 10,000 0.05% Shares
Foundations Investment Advisors, LLC $249,148 9,950 0.05% Shares
Ethos Financial Group, LLC $247,690 8,500 0.05% Shares
FOURPATH CAPITAL MANAGEMENT, LLC $232,146 9,271 0.05% Shares
Post Resch Tallon Group Inc. $210,392 8,402 0.04% Shares
Argent Trust Co $200,320 8,000 0.04% Shares
Atlantic Union Bankshares Corp $163,361 6,524 0.03% Shares
Price Jennifer C. $153,358 13,841 0.03% Shares
Integrated Wealth Concepts LLC $114,107 4,557 0.02% Shares
State of Wyoming $96,429 3,851 0.02% Shares
NewEdge Advisors, LLC $87,462 3,493 0.02% Shares
Pinnacle Wealth Planning Services, Inc. $70,613 2,820 0.01% Shares
SIMPLEX TRADING, LLC $66,706 2,664 0.01% Shares
Sandy Spring Bank $64,653 6,524 0.01% Shares
Lummis Asset Management, LP $46,324 1,850 0.01% Shares
Access Investment Management LLC $45,072 1,800 0.01% Shares
Signature Resources Capital Management, LLC $45,072 1,800 0.01% Shares
Geneos Wealth Management Inc. $37,560 1,500 0.01% Shares
SIGNATUREFD, LLC $35,456 1,416 0.01% Shares
BNP PARIBAS FINANCIAL MARKETS $31,600 1,262 0.01% Shares
PNC Financial Services Group, Inc. $30,048 1,200 0.01% Shares
OSAIC HOLDINGS, INC. $28,846 1,152 0.01% Shares
BEACON INVESTMENT ADVISORY SERVICES, INC. $25,040 1,000 0.01% Shares
United Financial Planning Group LLC $25,040 1,000 0.01% Shares
Smartleaf Asset Management LLC $24,960 1,000 0.01% Shares
Principia Wealth Advisory, LLC $22,608 1,333 0.00% Shares
Sugarloaf Wealth Management, LLC $17,307 1,562 0.00% Shares
JNBA Financial Advisors $14,499 579 0.00% Shares
BOK Financial Private Wealth, Inc. $12,282 490 0.00% Shares
WEBSTER BANK, N. A. $10,442 417 0.00% Shares
HARBOUR INVESTMENTS, INC. $9,690 387 0.00% Shares
Medallion Wealth Advisors, LLC $9,615 384 0.00% Shares
WealthCollab, LLC $8,113 324 0.00% Shares
Allworth Financial LP $7,512 300 0.00% Shares
HRT FINANCIAL LP $6,911 276,005 0.00% Shares
SJS Investment Consulting Inc. $5,036 201 0.00% Shares
PFS Partners, LLC $5,008 200 0.00% Shares
Fortis Group Advisors, LLC $5,008 200 0.00% Shares
CoreCap Advisors, LLC $5,008 200 0.00% Shares
INTERNATIONAL ASSETS INVESTMENT MANAGEMENT, LLC $4,974 200 0.00% Shares
ASSETMARK, INC $4,733 189 0.00% Shares

Company insiders 1 insider · 0 officers · 0 directors

Insider Role Last activity Shares owned Buys 12m Sells 12m Net 12m
Burlington Resources Oil & Gas CO LP Jan. 19, 2006 S 9,620,741 0 0 $0

Insiders from SEC Form 3/4/5 filings; net = open-market P/S only

Activists & 5%+ owners 3 positions

Investors who filed SEC Schedule 13D — beneficial ownership above 5% with an intent to influence the issuer (activist stakes, board campaigns, M&A). Each row shows the most recent known state of that filer's position.

Filer Filed Stake Status Purpose Filing
SoftVest Advisors, LLC, SoftVest GP I, LLC, SoftVest, L.P., Eric L. Oliver ×6 filings July 29, 2026 13.30% Amendment SEC
Burlington Resources Inc., Burlington Resources Oil & Gas Company LP, BROG GP Inc. ×2 filings Jan. 6, 2006 Initial filing SEC
Alpine Capital, L.P., Robert W. Bruce III, Algenpar, Inc., J. Taylor Crandall ×4 filings Nov. 16, 2001 Initial filing SEC

Purpose is an automated classification of the filer's own stated purpose (SEC Item 4) — not investment advice. "—" means no clear purpose was stated or the text could not be classified.