Permian Basin Royalty Tr Bolsa (NYSE: PBT)

Últimas noticias sobre Permian Basin Royalty Tr (NYSE:PBT) Bolsa

Permian Basin Royalty

Permian Basin Royalty Trust is an express trust. The company's underlying properties include Waddell Ranch Properties in which the trust holds mineral interest as well as royalty interests in mature producing oil fields, such as Yates, Wasson, Sand Hills, East Texas, Kelly-Snyder, Panhandle Regular, N. Cowden, Todd, Keystone, Kermit, McElroy, Howard-Glasscock, Seminole and others across Texas. The company earns majority revenue in form of royalties received through its properties.

Permian Basin Royalty Trust

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Invesco 0-5 Yr US TIPS ETF

If you have been around the energy markets long enough, you know crude oil has a flair for the dramatic.
When it sells off, it does not just trickle down; it falls off a cliff.
The rebound is vicious, fast and usually overdue when it finally wakes up. The trick, as always, is understanding the cycles, not panicking in the downtrend, and positioning for the inevitable rebound.
That is especially true for one of my favorite corners of the energy market: mineral royalty trusts and non-operator oil and gas interests. These are the little guys who do not drill a thing but still get paid when the oil flows.
All this is happening again right now. 
It's setting you up for the best income trade in a decade.
Let us walk through the big oil busts of the last few decades in the late 1990s: the 2008 crash, the 2014 to 2016 wipeout, and, of course, the COVID collapse of 2020.
I want to talk about what happened, how long sentiment stayed sour and what eventually got prices off the mat. Then, we will dig into what all that meant for the royalty trusts and non-operators and how their dividends held up (or not), how the market treated them, and what happened when oil came roaring back.
<h2 class="wp-block-heading">1998: The Asian Flu And The $10 Barrel</h2>
In the late 1990s, OPEC had a problem. They pumped too much oil, thinking Asia would keep consuming it. However, when the Asian financial crisis hit, demand cratered, inventories ballooned, and prices dropped like a rock.
Brent went as low as $10, and nobody wanted to touch an oil stock with a ten-foot pole.
Royalty trusts got smashed. Cash flows dried up, distributions were cut, and unit prices plunged. Investors were left staring at trailing yields in the teens, but those payouts were not sticking around.
Most trusts saw 50% or more wiped off their market capitalizations. However, by late 1999, OPEC got its act together and cut production. Inventories fell, demand slowly came back, and oil doubled. Royalty trust distributions rebounded quickly, and anyone who had the courage to buy when it all looked hopeless got rewarded in a big way.
<h2 class="wp-block-heading">2008: Peak Oil Euphoria Meets Lehman Brothers</h2>
By mid-2008, oil was $147 a barrel and people were chanting "peak oil" like it was gospel.
Then, the financial system imploded.
Demand evaporated, oil crashed to $30 and panic spread. Trust distributions went over the cliff.
Sabine Royalty Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SBR#NYSE">SBR</a>) cut payouts by more than 50% in a single month.
Prices followed. These income names saw unit values drop 70% or more.
Yields were sky-high on paper, showing 20% or even 30%, but those were based on past payouts that had already been slashed. For most of 2009, distributions were a shadow of their former selves.
However, when the smoke cleared, oil demand returned, OPEC slashed production, and oil started climbing again. Trust distributions bounced, unit prices doubled or tripled off the lows and yields normalized in the high single digits.
Patience paid off.
<h2 class="wp-block-heading">2014 To 2016: The Shale Tsunami</h2>
This one was different. It was not a demand crash. It was too much U.S. shale oil.
OPEC got tired of losing market share and let prices fall from $115 in mid-2014 to under $30 by early 2016. Oil was in freefall for almost two years.
That stretched the pain out.
It was Drill, Baby, Drill Gone Bad, The Prequel.
Royalty and non-op names bled out slowly. Distributions did not collapse all at once&#8230;they just shrank quarter by quarter.
Permian Basin Royalty Trust's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PBT#NYSE">PBT</a>) payout dropped by two-thirds.
PrairieSky (OTC:<a class="ticker" href="https://www.benzinga.com/stock/PREKF#OTC">PREKF</a>) and Freehold slashed their dividends.
The market priced them accordingly.
Yields dropped, unit prices got hammered, and by 2016, it was hard to find anyone still bullish.
Then OPEC and Russia teamed up and finally cut production in late 2016.
By 2017, oil was back in the $60s, and royalty trusts started increasing dividends again.
Trusts that had lost 70% of their value doubled or more over the next 18 months. Investors who stayed the course got paid.
<h2 class="wp-block-heading">2020: The Pandemic Panic And Negative Oil Prices</h2>
Then came COVID. Demand did not just shrink. It vanished.
Planes stopped flying, cars stopped driving, and suddenly, the world was drowning in oil.
Saudi Arabia and Russia decided to have a price war on top of it all, and in April 2020, WTI futures went negative.
Royalty trusts had a rough time. Distributions were suspended.
Permianville (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PVL#NYSE">PVL</a>) went 13 months without a single payout.
PrairieSky slashed its dividend by two-thirds.
Investors fled. Unit prices dropped 60% to 80% in weeks.
Trailing yields? Meaningless. Nobody was paying anything.
However, it did not last.
OPEC+ made historic cuts.
Demand started recovering.
When vaccines arrived in late 2020, the game changed. By mid-2021, Permianville was paying again. PrairieSky and Freehold started raising dividends.
Share prices doubled or tripled.
By 2022, Sabine's distribution hit $8.65, a monster rebound.
<h2 class="wp-block-heading">What It All Means</h2>
These downturns tell the same story every time: oil crashes, royalty and non-operator income disappear, and the market throws these stocks in the trash. Yields spike on trailing numbers, then vanish when dividends get cut. Sentiment stays ugly for too long.
However, when the oil price recovers, and it always has, these names come back fast. Distributions climb, unit prices follow, and investors who bought when everyone else was scared end up with huge yields on cost and big capital gains.
They are not for the faint of heart. You have to be willing to hold when there is blood in the oil patch.
It's a pain trade.
However, if you buy these things when oil is hated and the checks have stopped, you set yourself up for some of the most explosive total returns in the market.
This is deep value investing, oilfield-style.
And now, it's happening again.
Read the headlines:
<ul>
<li>OPEC is going to increase production.</li>
<li>Oil demand forecasts are being cut.</li>
<li>The much more energy-efficient AI from China will slash demand even further.</li>
<li>Nuclear energy plants are going to pop up like mushrooms with no regulatory delays or cost overruns and be built faster than Buc-ee's.</li>
<li>China will never import another drop of oil.</li>
</ul>
Negative sentiment is building, we&#8217;ve seen some distribution cuts and optimism is harder to find than a good book in a Blockbuster.
Royalty trusts and nonowner operators may go down before they go up, but when they do, they are going to go up a lot.
Those who buy in scale, with patience and a dash of courage, will be well rewarded.
<h2 class="wp-block-heading">Risk, Reward &amp; Reversals: Tactical Options Strategies for an Unstable Market</h2>
When markets get unpredictable, disciplined options strategies can give you an edge. Join Ryan Faloona, Anne-Marie Baiynd and Tim Melvin live on May 6 to learn how they're using risk reversals, 0DTE plays, and hedging tactics to stay nimble and generate income. Save your spot now to learn how to trade smarter this week.
Editorial content from our Expert contributors is intended to be information for the general public and not individualized investment advice. Editors/contributors are presenting their individual opinions and strategies, which are neither expressly nor impliedly approved or endorsed by Benzinga.
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Trading Ideas

PREKF

OPEC Just Created The Income Trade Of The Decade

Permian Basin Royalty's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PBT#NYSE">PBT</a>) short percent of float has risen 4.26% since its last report. The company recently reported that it has 228 thousand shares sold short, which is 0.49% of all regular shares that are available for trading. Based on its trading volume, it would take traders 1.53 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Permian Basin Royalty Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1735651816_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Permian Basin Royalty has grown since its last report. This does not mean that the stock is going to fall in the near-term but traders should be aware that more shares are being shorted.
<h3>Comparing Permian Basin Royalty's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Permian Basin Royalty's peer group average for short interest as a percentage of float is 5.09%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Short Sellers

Short Ideas

(PBT) - Analyzing Permian Basin Royalty's Short Interest

Permian Basin Royalty's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PBT#NYSE">PBT</a>) short percent of float has risen 8.89% since its last report. The company recently reported that it has 230 thousand shares sold short, which is 0.49% of all regular shares that are available for trading. Based on its trading volume, it would take traders 1.54 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Permian Basin Royalty Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1733775315_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Permian Basin Royalty has grown since its last report. This does not mean that the stock is going to fall in the near-term but traders should be aware that more shares are being shorted.
<h3>Comparing Permian Basin Royalty's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Permian Basin Royalty's peer group average for short interest as a percentage of float is 5.02%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Peering Into Permian Basin Royalty's Recent Short Interest

The most oversold stocks in the energy sector presents an opportunity to buy into undervalued companies.
The RSI is a momentum indicator, which compares a stock&#39;s strength on days when prices go up to its strength on days when prices go down. When compared to a stock&#39;s price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered oversold when the <a href="https://www.benzinga.com/topic/rsi"> RSI is below 30</a>, according to <a href="https://pro.benzinga.com/"> Benzinga Pro</a>.
Here&rsquo;s the latest list of major oversold players in this sector, having an RSI near or below 30.
<h3>San Juan Basin Royalty Trust (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/sjt#NYSE">SJT</a>)</h3>
<ul>
<li>On Sept. 7, San Juan Basin Royalty Trust reached a settlement agreement with Hilcorp for $1.04 million. The company&rsquo;s stock fell around 24% over the past month and has a <a href="https://www.benzinga.com/quote/SJT">52-week low of $5.30 </a>.</li>
<li>RSI Value: 21.55</li>
<li>SJT Price Action: Shares of San Juan Basin Royalty Trust fell 0.7% to close at $5.46 on Wednesday.</li>
</ul>
<h3>U.S. Energy Corp. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/useg#NASDAQ">USEG</a>)</h3>
<ul>
<li>On Nov. 13, U.S. Energy posted a loss for the third quarter. The company&rsquo;s stock fell around 20% over the past month. It <a href="https://www.benzinga.com/quote/USEG"> has a 52-week low </a> of $0.83.</li>
<li>RSI Value: 25.82</li>
<li>USEG Price Action: Shares of U.S. Energy gained 3.8% to close at $0.9550 on Wednesday.</li>
</ul>
<h3>Drilling Tools International Corp. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/dti#NASDAQ">DTI</a>)</h3>
<ul>
<li>On Nov. 13, the company reported a decline in EPS for the third quarter. The company&rsquo;s stock fell around 12% over the past month and has a 52-week <a href="https://www.benzinga.com/quote/DTI"> low of $3.25.</a></li>
<li>RSI Value: 25.72</li>
<li>DTI Price Action: Shares of Drilling Tools International fell 0.9% to close at $3.27 on Wednesday.</li>
</ul>
<h3>Permian Basin Royalty Trust (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/pbt#NYSE">PBT</a>)</h3>
<ul>
<li>The company&rsquo;s shares lost around 22% over the past month. The company&rsquo;s 52-week low is $14.41.</li>
<li>RSI Value: 23.68</li>
<li>PBT Price Action: Shares of Permian Basin Royalty Trust fell 0.5% to close at $14.72 on Wednesday.</li>
</ul>
&nbsp;
Read More: <a href="https://www.benzinga.com/news/earnings/23/12/36231450/lennar-gears-up-for-q4-print-heres-a-look-at-recent-price-target-changes-by-the-most-accurate-analy"> Lennar Gears Up For Q4 Print; Here&#39;s A Look At Recent Price Target Changes By The Most Accurate Analysts </a>

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Markets

USEG

Top 4 Energy Stocks Which Could Rescue Your Portfolio This Month

Friday marks the last chance for investors to receive the next dividend payout from Permian Basin Royalty (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PBT#NYSE">PBT</a>). 
<h3>What's Happening</h3>
The company announced on Friday that it would pay shareholders a monthly dividend of 4.29 cents per share. On Monday, Permian Basin Royalty will go ex-dividend, meaning the stock will trade lower to reflect that payout. In other words, the stock will likely open 4.29 cents lower than it would have opened on any other day.
In order to be eligible to receive a company's dividend, shareholders must own the stock prior to the ex-dividend date—in this case, Monday. Shareholders who own PBT as of the end of Friday's session are eligible to receive the 4.29 cents dividend payout for every share that they own. 
According to the company, this dividend will be paid out to shareholders on November 14, 2023. Investors will then be able to either reinvest those dividends back into the stock or use the payment in some other way. 
To stay up-to-date with the companies that are announcing their dividends, <a href="https://www.benzinga.com/calendars/dividends">click here</a> to visit our Dividends Calendar.

Dividends

Permian Basin Royalty: Dividend Insights

Wednesday marks the last chance for investors to receive the next dividend payout from Permian Basin Royalty (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PBT#NYSE">PBT</a>). 
<h3>What's Happening</h3>
The company announced on Tuesday that it would pay shareholders a monthly dividend of 2.24 cents per share. On Thursday, Permian Basin Royalty will go ex-dividend, meaning the stock will trade lower to reflect that payout. In other words, the stock will likely open 2.24 cents lower than it would have opened on any other day.
In order to be eligible to receive a company's dividend, shareholders must own the stock prior to the ex-dividend date—in this case, Thursday. Shareholders who own PBT as of the end of Wednesday's session are eligible to receive the 2.24 cents dividend payout for every share that they own. 
According to the company, this dividend will be paid out to shareholders on October 16, 2023. Investors will then be able to either reinvest those dividends back into the stock or use the payment in some other way. 
<a href="https://www.benzinga.com/quote/PBT">Monitor live stock price updates for Permian Basin Royalty on Benzinga.</a>

Wednesday Is Your Last Chance To Buy Permian Basin Royalty Before The Dividend Payout

Thursday marks the last chance for investors to receive the next dividend payout from Permian Basin Royalty (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PBT#NYSE">PBT</a>). 
<h3>What's Happening</h3>
The company announced on Friday that it would pay shareholders a monthly dividend of 2.17 cents per share. On Friday, Permian Basin Royalty will go ex-dividend, meaning the stock will trade lower to reflect that payout. In other words, the stock will likely open 2.17 cents lower than it would have opened on any other day.
In order to be eligible to receive a company's dividend, shareholders must own the stock prior to the ex-dividend date—in this case, Friday. Shareholders who own PBT as of the end of Thursday's session are eligible to receive the 2.17 cents dividend payout for every share that they own. 
According to the company, this dividend will be paid out to shareholders on August 14, 2023. Investors will then be able to either reinvest those dividends back into the stock or use the payment in some other way. 
<a href="https://www.benzinga.com/quote/PBT">See current stock movements Permian Basin Royalty on Benzinga.</a>

Wednesday marks the last chance for investors to receive the next dividend payout from Permian Basin Royalty (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PBT#NYSE">PBT</a>). 
<h3>What's Happening</h3>
The company announced on Tuesday that it would pay shareholders a monthly dividend of 2.36 cents per share. On Thursday, Permian Basin Royalty will go ex-dividend, meaning the stock will trade lower to reflect that payout. In other words, the stock will likely open 2.36 cents lower than it would have opened on any other day.
In order to be eligible to receive a company's dividend, shareholders must own the stock prior to the ex-dividend date—in this case, Thursday. Shareholders who own PBT as of the end of Wednesday's session are eligible to receive the 2.36 cents dividend payout for every share that they own. 
According to the company, this dividend will be paid out to shareholders on April 14, 2023. Investors will then be able to either reinvest those dividends back into the stock or use the payment in some other way. 
<a href="https://www.benzinga.com/stock//dividends">Click here</a> to find details on Permian Basin Royalty's previous dividends.
To keep track of which companies are distributing dividends, <a href="https://www.benzinga.com/calendars/dividends">click here</a> to visit our Dividends Calendar.

Permian Basin Royalty's Ex-Dividend Date Is Thursday, Here's What You Need To Know

Friday marks the last chance for investors to receive the next dividend payout from Permian Basin Royalty (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PBT#NYSE">PBT</a>). 
<h3>What's Happening</h3>
The company announced on Friday that it would pay shareholders a monthly dividend of 3.68 cents per share. On Monday, Permian Basin Royalty will go ex-dividend, meaning the stock will trade lower to reflect that payout. In other words, the stock will likely open 3.68 cents lower than it would have opened on any other day.
In order to be eligible to receive a company's dividend, shareholders must own the stock prior to the ex-dividend date—in this case, Monday. Shareholders who own PBT as of the end of Friday's session are eligible to receive the 3.68 cents dividend payout for every share that they own. 
According to the company, this dividend will be paid out to shareholders on February 14, 2023. Investors will then be able to either reinvest those dividends back into the stock or use the payment in some other way. 
To read more news on Permian Basin Royalty <a href="https://www.benzinga.com/stock//">click here</a>
<a href="https://www.benzinga.com/calendars/dividends">Click here</a> to visit our Dividends Calendar.

Friday Is Your Last Chance To Buy Permian Basin Royalty Before The Dividend Payout

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KLXE

LBRT

NINE

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Shares of oil & gas companies are trading lower as oil prices fall amid macroeconomic uncertainty.

Monday marks the last chance for investors to receive the next dividend payout from Permian Basin Royalty (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PBT#NYSE">PBT</a>). 
<h3>What's Happening</h3>
The company announced on Friday that it would pay shareholders a monthly dividend of 8.1 cents per share. On Tuesday, Permian Basin Royalty will go ex-dividend, meaning the stock will trade lower to reflect that payout. In other words, the stock will likely open 8.1 cents lower than it would have opened on any other day.
In order to be eligible to receive a company's dividend, shareholders must own the stock prior to the ex-dividend date—in this case, Tuesday. Shareholders who own PBT as of the end of Monday's session are eligible to receive the 8.1 cents dividend payout for every share that they own. 
According to the company, this dividend will be paid out to shareholders on December 14, 2022. Investors will then be able to either reinvest those dividends back into the stock or use the payment in some other way. 
To stay up-to-date with the companies that are announcing their dividends, <a href="https://www.benzinga.com/calendars/dividends">click here</a> to visit our Dividends Calendar.

Permian Basin Royalty's Ex-Dividend Date Is Tuesday, Here's What You Need To Know

Thursday marks the last chance for investors to receive the next dividend payout from Permian Basin Royalty (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PBT#NYSE">PBT</a>). 
<h3>What's Happening</h3>
The company announced on Friday that it would pay shareholders a monthly dividend of 20.86 cents per share. On Friday, Permian Basin Royalty will go ex-dividend, meaning the stock will trade lower to reflect that payout. In other words, the stock will likely open 20.86 cents lower than it would have opened on any other day.
In order to be eligible to receive a company's dividend, shareholders must own the stock prior to the ex-dividend date—in this case, Friday. Shareholders who own PBT as of the end of Thursday's session are eligible to receive the 20.86 cents dividend payout for every share that they own. 
According to the company, this dividend will be paid out to shareholders on November 15, 2022. Investors will then be able to either reinvest those dividends back into the stock or use the payment in some other way. 
<a href="https://www.benzinga.com/stock//dividends">Click here</a> to find details on Permian Basin Royalty's previous dividends.
To keep track of which companies are distributing dividends, <a href="https://www.benzinga.com/calendars/dividends">click here</a> to visit our Dividends Calendar.

Thursday Is Your Last Chance To Buy Permian Basin Royalty Before The Dividend Payout

This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
Traders will search for circumstances when the market estimation of an option diverges heavily from its normal worth. High amounts of trading activity could push option prices to exaggerated or underestimated levels. 
Here's the list of options activity happening in today's session: 
<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>BP</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>11/18/22</td>
<td>$25.00</td>
<td>$31.2K</td>
<td>596</td>
<td>2.7K</td>
</tr>
<tr>
<td>SLB</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>11/18/22</td>
<td>$50.00</td>
<td>$100.6K</td>
<td>10.0K</td>
<td>1.0K</td>
</tr>
<tr>
<td>DVN</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/20/23</td>
<td>$70.00</td>
<td>$125.5K</td>
<td>10.4K</td>
<td>799</td>
</tr>
<tr>
<td>HAL</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>10/21/22</td>
<td>$30.50</td>
<td>$26.2K</td>
<td>118</td>
<td>571</td>
</tr>
<tr>
<td>OXY</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>05/19/23</td>
<td>$100.00</td>
<td>$133.2K</td>
<td>489</td>
<td>412</td>
</tr>
<tr>
<td>PBT</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>03/17/23</td>
<td>$12.50</td>
<td>$48.0K</td>
<td>1.3K</td>
<td>401</td>
</tr>
<tr>
<td>AMPY</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>04/21/23</td>
<td>$10.00</td>
<td>$36.0K</td>
<td>398</td>
<td>210</td>
</tr>
<tr>
<td>MPC</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>10/14/22</td>
<td>$108.00</td>
<td>$50.0K</td>
<td>41</td>
<td>178</td>
</tr>
<tr>
<td>BTU</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>01/20/23</td>
<td>$25.00</td>
<td>$32.4K</td>
<td>10.5K</td>
<td>65</td>
</tr>
<tr>
<td>XOM</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>01/20/23</td>
<td>$67.50</td>
<td>$86.7K</td>
<td>5.6K</td>
<td>50</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These itemized elaborations have been created using the accompanying table. 
• Regarding BP (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BP#NYSE">BP</a>), we observe a put option sweep with bullish sentiment. It expires in 43 day(s) on November 18, 2022. Parties traded 976 contract(s) at a $25.00 strike. This particular put needed to be split into 10 different trades to become filled. The total cost received by the writing party (or parties) was $31.2K, with a price of $32.0 per contract. There were 596 open contracts at this strike prior to today, and today 2796 contract(s) were bought and sold. 
• For SLB (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SLB#NYSE">SLB</a>), we notice a call option sweep that happens to be bullish, expiring in 43 day(s) on November 18, 2022. This event was a transfer of 1360 contract(s) at a $50.00 strike. This particular call needed to be split into 3 different trades to become filled. The total cost received by the writing party (or parties) was $100.6K, with a price of $74.0 per contract. There were 10011 open contracts at this strike prior to today, and today 1033 contract(s) were bought and sold. 
• Regarding DVN (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DVN#NYSE">DVN</a>), we observe a call option trade with bullish sentiment. It expires in 106 day(s) on January 20, 2023. Parties traded 135 contract(s) at a $70.00 strike. The total cost received by the writing party (or parties) was $125.5K, with a price of $930.0 per contract. There were 10479 open contracts at this strike prior to today, and today 799 contract(s) were bought and sold. 
• Regarding HAL (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HAL#NYSE">HAL</a>), we observe a call option trade with bullish sentiment. It expires in 15 day(s) on October 21, 2022. Parties traded 250 contract(s) at a $30.50 strike. The total cost received by the writing party (or parties) was $26.2K, with a price of $105.0 per contract. There were 118 open contracts at this strike prior to today, and today 571 contract(s) were bought and sold. 
• Regarding OXY (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OXY#NYSE">OXY</a>), we observe a call option sweep with bullish sentiment. It expires in 225 day(s) on May 19, 2023. Parties traded 370 contract(s) at a $100.00 strike. This particular call needed to be split into 5 different trades to become filled. The total cost received by the writing party (or parties) was $133.2K, with a price of $360.0 per contract. There were 489 open contracts at this strike prior to today, and today 412 contract(s) were bought and sold. 
• For PBT (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PBT#NYSE">PBT</a>), we notice a call option trade that happens to be bullish, expiring in 162 day(s) on March 17, 2023. This event was a transfer of 80 contract(s) at a $12.50 strike. The total cost received by the writing party (or parties) was $48.0K, with a price of $600.0 per contract. There were 1364 open contracts at this strike prior to today, and today 401 contract(s) were bought and sold. 
• For AMPY (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AMPY#NYSE">AMPY</a>), we notice a call option sweep that happens to be bullish, expiring in 197 day(s) on April 21, 2023. This event was a transfer of 200 contract(s) at a $10.00 strike. This particular call needed to be split into 4 different trades to become filled. The total cost received by the writing party (or parties) was $36.0K, with a price of $180.0 per contract. There were 398 open contracts at this strike prior to today, and today 210 contract(s) were bought and sold. 
• For MPC (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MPC#NYSE">MPC</a>), we notice a put option trade that happens to be bearish, expiring in 8 day(s) on October 14, 2022. This event was a transfer of 178 contract(s) at a $108.00 strike. The total cost received by the writing party (or parties) was $50.0K, with a price of $281.0 per contract. There were 41 open contracts at this strike prior to today, and today 178 contract(s) were bought and sold. 
• For BTU (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BTU#NYSE">BTU</a>), we notice a call option trade that happens to be neutral, expiring in 106 day(s) on January 20, 2023. This event was a transfer of 47 contract(s) at a $25.00 strike. The total cost received by the writing party (or parties) was $32.4K, with a price of $690.0 per contract. There were 10543 open contracts at this strike prior to today, and today 65 contract(s) were bought and sold. 
• For XOM (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XOM#NYSE">XOM</a>), we notice a call option trade that happens to be neutral, expiring in 106 day(s) on January 20, 2023. This event was a transfer of 25 contract(s) at a $67.50 strike. The total cost received by the writing party (or parties) was $86.7K, with a price of $3471.0 per contract. There were 5622 open contracts at this strike prior to today, and today 50 contract(s) were bought and sold. 
Options Alert Terminology 
 - Call Contracts: The right to buy shares as indicated in the contract. 
 - Put Contracts: The right to sell shares as indicated in the contract. 
 - Expiration Date: When the contract expires. One must act on the contract by this date if one wants to use it. 
 - Premium/Option Price: The price of the contract. 
For more information, visit our <a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">Guide to Understanding Options Alerts</a> or read <a href="https://www.benzinga.com/markets/options">more news on unusual options activity</a>. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Options

10 Energy Stocks Whale Activity In Today's Session

Monday marks the last chance for investors to receive the next dividend payout from Permian Basin Royalty (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PBT#NYSE">PBT</a>).
<h3>What&#39;s Happening</h3>
The company announced on Friday that it would pay shareholders a monthly dividend of 19.59 per share. On Tuesday, Permian Basin Royalty will go ex-dividend, meaning the stock will trade lower to reflect that payout. In other words, the stock will likely open 19.59 lower than it would have opened on any other day.
In order to be eligible to receive a company&#39;s dividend, shareholders must own the stock prior to the ex-dividend date&mdash;in this case, Tuesday. Shareholders who own PBT as of the end of Monday&#39;s session are eligible to receive the 19.59 dividend payout for every share that they own.
According to the company, this dividend will be paid out to shareholders on September 15, 2022. Investors will then be able to either reinvest those dividends back into the stock or use the payment in some other way.
To stay up-to-date with the companies that are announcing their dividends, <a href="https://www.benzinga.com/calendars/dividends">click here</a> to visit our Dividends Calendar.

Wednesday marks the last chance for investors to receive the next dividend payout from Permian Basin Royalty (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PBT#NYSE">PBT</a>). 
<h3>What's Happening</h3>
The company announced on Tuesday that it would pay shareholders a monthly dividend of 16.4 per share. On Thursday, Permian Basin Royalty will go ex-dividend, meaning the stock will trade lower to reflect that payout. In other words, the stock will likely open 16.4 lower than it would have opened on any other day.
In order to be eligible to receive a company's dividend, shareholders must own the stock prior to the ex-dividend date—in this case, Thursday. Shareholders who own PBT as of the end of Wednesday's session are eligible to receive the 16.4 dividend payout for every share that they own. 
According to the company, this dividend will be paid out to shareholders on August 12, 2022. Investors will then be able to either reinvest those dividends back into the stock or use the payment in some other way. 
<a href="https://www.benzinga.com/stock//dividends">Click here</a> to find details on Permian Basin Royalty's previous dividends.
To keep track of which companies are distributing dividends, <a href="https://www.benzinga.com/calendars/dividends">click here</a> to visit our Dividends Calendar.

MARPS

Shares of energy companies are trading higher amid a rise in oil prices.

&nbsp;
<h3>Losers</h3>
<ul>
<li>Nabors Industries (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NBR#NYSE">NBR</a>) shares decreased by 13.8% to $112.94 during Tuesday&#39;s regular session. Trading volume for Nabors Industries&#39;s stock is 106.0K as of 13:30 EST. This is 53.4% of its average full-day volume over the last 100 days. The market value of their outstanding shares is at $1.0 billion.</li>
<li>NexTier Oilfield (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NEX#NYSE">NEX</a>) shares decreased by 13.38% to $8.2. Trading volume for this security as of 13:30 EST is 2.2 million, which is 60.8% of its average full-day volume over the last 100 days. The company&#39;s market cap stands at $1.9 billion.</li>
<li>Patterson-UTI Energy (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PTEN#NASDAQ">PTEN</a>) shares fell 13.12% to $13.14. As of 13:30 EST, Patterson-UTI Energy&#39;s stock is trading at a volume of 3.4 million, which is 89.6% of its average full-day volume over the last 100 days. The market value of their outstanding shares is at $2.8 billion.</li>
<li>RPC (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RES#NYSE">RES</a>) shares declined by 12.88% to $6.05. RPC&#39;s stock is trading at a volume of 1.1 million shares as of 13:30 EST. This is 66.7% of its average full-day volume over the last 100 days. The company&#39;s market cap stands at $1.3 billion.</li>
<li>ProPetro Holding (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PUMP#NYSE">PUMP</a>) stock decreased by 12.73% to $8.78. ProPetro Holding&#39;s stock is trading at a volume of 865.0K shares as of 13:30 EST. This is 61.6% of its average full-day volume over the last 100 days. The market value of their outstanding shares is at $915.2 million.</li>
<li>Permian Basin Royalty (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PBT#NYSE">PBT</a>) stock declined by 12.6% to $14.94. As of 13:30 EST, Permian Basin Royalty&#39;s stock is trading at a volume of 191.8K, which is 64.8% of its average full-day volume over the last 100 days. The company&#39;s market cap stands at $696.2 million. See Also: <a href="http://www.benzinga.com/money/best-energy-stocks/" title="www.benzinga.com/money/best-energy-stocks/">www.benzinga.com/money/best-energy-stocks/</a></li>
</ul>
This article was generated by Benzinga&#39;s automated content engine and reviewed by an editor.

Intraday Update

Movers

PUMP

6 Energy Stocks Moving In Tuesday's Intraday Session

Tuesday marks the last chance for investors to receive the next dividend payout from Permian Basin Royalty (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PBT#NYSE">PBT</a>). 
<h3>What's Happening</h3>
The company announced on Friday that it would pay shareholders a monthly dividend of 9.17 cents per share. On Wednesday, Permian Basin Royalty will go ex-dividend, meaning the stock will trade lower to reflect that payout. In other words, the stock will likely open 9.17 cents lower than it would have opened on any other day.
In order to be eligible to receive a company's dividend, shareholders must own the stock prior to the ex-dividend date—in this case, Wednesday. Shareholders who own PBT as of the end of Tuesday's session are eligible to receive the 9.17 cents dividend payout for every share that they own. 
According to the company, this dividend will be paid out to shareholders on July 15, 2022. Investors will then be able to either reinvest those dividends back into the stock or use the payment in some other way. 
To stay up-to-date with the companies that are announcing their dividends, <a href="https://www.benzinga.com/calendars/dividends">click here</a> to visit our Dividends Calendar.

Permian Basin Royalty's Ex-Dividend Date Is Wednesday, Here's What You Need To Know

ARCH

CIVI

CLMT

ENLC

GPRE

PFHC

ROCC

SHEL

STNG

Shares of several energy companies are trading lower amid a drop in oil prices as investors assess the economic impact of Fed policy tightening. Fed rate hikes could cool down the economy and weigh on oil demand. The sector has also been under pressure after President Biden called on Congress to suspend gas taxes.

AMTX

ARLP

BOOM

BORR

DINO

ETRN

EURN

FLNG

GLNG

Shares of several companies in the oil and energy space are trading higher amid a rise in the price of oil.

Commodities

Press Releases

PERMIAN BASIN ROYALTY TRUST ANNOUNCES SEPTEMBER CASH DISTRIBUTION

PERMIAN BASIN ROYALTY TRUST ANNOUNCES OCTOBER CASH DISTRIBUTION

PERMIAN BASIN ROYALTY TRUST ANNOUNCES NOVEMBER CASH DISTRIBUTION AND EXCESS COST POSITION ON WADDELL RANCH PROPERTIES

PERMIAN BASIN ROYALTY TRUST ANNOUNCES DECEMBER CASH DISTRIBUTION AND EXCESS COST POSITION ON WADDELL RANCH PROPERTIES

PERMIAN BASIN ROYALTY TRUST ANNOUNCES FEBRUARY CASH DISTRIBUTION AND EXCESS COST POSITION ON WADDELL RANCH PROPERTIES

PERMIAN BASIN ROYALTY TRUST ANNOUNCES MARCH CASH DISTRIBUTION AND EXCESS COST POSITION ON WADDELL RANCH PROPERTIES

PERMIAN BASIN ROYALTY TRUST ANNOUNCES APRIL CASH DISTRIBUTION AND EXCESS COST POSITION ON WADDELL RANCH PROPERTIES

PERMIAN BASIN ROYALTY TRUST ANNOUNCES MAY CASH DISTRIBUTION AND EXCESS COST POSITION ON WADDELL RANCH PROPERTIES

PERMIAN BASIN ROYALTY TRUST ANNOUNCES FILING OF SECOND AMENDED PETITION AGAINST BLACKBEARD OPERATING, LLC

Berry Corp

Dorchester Minerals, L.P. - Common Units Representing Limited Partnership Interests

Dorchester Minerals

VAALCO Energy

Evolution Petroleum Corporation, Inc. Common Stock

Evolution Petroleum

Greenfire Resources

GeoPark

Granite Ridge Resources, Inc. Common Stock

Granite Ridge Resources

Gran Tierra Energy

HighPeak Energy

Infinity Natural Resources, Inc. Class A Common Stock

Infinity Natural

Kosmos Energy

Kimbell Royalty Partners Common Units Representing Limited Partner Interests

Kimbell Royalty Partners

Permian Basin Royalty Tr

PrimeEnergy Resources Corporation - Common Stock

PrimeEnergy Resources

Prairie Operating

Riley Exploration Permian, Inc. Common Stock

Riley Exploration Permian

Sabine Royalty

SandRidge Energy

San Juan Basin Royalty Trust Common Stock

San Juan Basin Royalty

Sitio Royalties Corp. Class A Common Stock

Sitio Royalties

Talos Energy

Tamboran Resources Corporation Common stock

Tamboran Resources

TXO Partners, L.P. Common Units Representing Limited Partner Interests

TXO Partners

Vital Energy, Inc. Common Stock, par value $0.01 per share

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