Profit-Rich Permian Basin Royalty Trust (PBT) Sees Avondale Cut Holdings
Permian Basin Royalty Trust (NYSE:PBT) is among the most profitable oil stocks to buy now. During the second quarter, Avondale Wealth Management reduced its position in Permian Basin Royalty Trust (NYSE:PBT) by 74.1% following the sale of 21,500 shares. According to the latest disclosure with the SEC, the wealth management firm now owns 7,500 shares of the company’s stock, valued at $93,000.
The company’s financials are a testament to its strong market position. While the market delivered year-to-date and five-year returns of 13.25% and 99.71%, respectively, Permian Basin Royalty Trust (NYSE:PBT) returned an attractive 64.43% and 751.83%, respectively.
Earlier on September 19, 2025, Argent Trust Company, a trustee of Permian Basin Royalty Trust (NYSE:PBT), announced a cash distribution of $0.115493 per unit to the unitholders of beneficial interest. Scheduled for payment on October 15, 2025, the amount will be paid to all unitholders of record on September 30, 2025.
Permian Basin Royalty Trust (NYSE:PBT), headquartered in Dallas, Texas, is a holder of royalty interests in various oil and gas properties. Founded in 1980, the company is committed to delivering consistent income to its shareholders.
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