Regal Investment Advisors LLC Purchases Shares of 14,300 Pacific Coast Oil Trust (ROYT)

Regal Investment Advisors LLC purchased a new position in shares of Pacific Coast Oil Trust (NYSE:ROYT) during the first quarter, Holdings Channel reports. The firm purchased 14,300 shares of the oil and gas producer’s stock, valued at approximately $31,000.

Separately, Renaissance Technologies LLC increased its stake in shares of Pacific Coast Oil Trust by 179.4% in the third quarter. Renaissance Technologies LLC now owns 240,300 shares of the oil and gas producer’s stock worth $656,000 after purchasing an additional 154,300 shares in the last quarter. 13.30% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NYSE ROYT opened at $2.15 on Monday. The firm has a market capitalization of $82.95 million, a PE ratio of 6.52 and a beta of 2.27. Pacific Coast Oil Trust has a 1 year low of $1.48 and a 1 year high of $2.95.

The business also recently announced a monthly dividend, which will be paid on Monday, June 17th. Investors of record on Monday, June 3rd will be given a dividend of $0.0312 per share. This is a positive change from Pacific Coast Oil Trust’s previous monthly dividend of $0.03. The ex-dividend date is Friday, May 31st. This represents a $0.37 dividend on an annualized basis and a dividend yield of 17.41%. Pacific Coast Oil Trust’s dividend payout ratio is currently 100.00%.

Separately, Zacks Investment Research cut shares of Pacific Coast Oil Trust from a “buy” rating to a “hold” rating in a research note on Wednesday, March 27th.

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Pacific Coast Oil Trust Profile

Pacific Coast Oil Trust acquires and holds net profits and royalty interests in various oil and natural gas properties located in California. Its properties include Orcutt properties located in the Santa Maria Basin; and West Pico, East Coyote, and Sawtelle properties located in the Los Angeles Basin of California.

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Want to see what other hedge funds are holding ROYT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Pacific Coast Oil Trust (NYSE:ROYT).

Institutional Ownership by Quarter for Pacific Coast Oil Trust (NYSE:ROYT)

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