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Permian Basin Royalty Trust Common Stock (PBT)

11.03
-0.13 (-1.16%)

Permian Basin Royalty Trust is a publicly-traded entity focused on the management and revenue generation from oil and natural gas interests within the Permian Basin, a prolific hydrocarbon-producing region in the United States

The Trust primarily earns income through the collection of royalties from oil and gas production activities on its underlying properties. By facilitating investments in the energy sector, it provides shareholders an opportunity to gain exposure to the performance of natural resource extraction without the operational complexities associated with traditional exploration and production companies. The Trust aims to distribute income to its investors derived from royalties, enabling them to benefit from the energy markets while participating in the long-term growth of the sector.

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Permian Basin Royalty Trust (NYSE: PBT) Highlighted for Surprising Price Action
Permian Basin Royalty Trust (NYSEPBT) has caught the attention of the investment community today with its bullish price action. The company’s shares have moved 5.37% on the day to $12.2.
Via Investor Brand Network · April 19, 2024
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