PBTPermian Basin Royalty TrustEnergy · Oil & Gas Midstreamas of 2026-09-16
Horizon

Issued 2026-09-16 at $34.85 · now $34.85 (2026-09-16, +0.0% since)

Based on its own history, a month from the 2026-09-16 close, PBT has typically landed between $29.33 and $44.25 — a range of −15.8% to +27.0% from the issuance price $34.85.

Range of outcomes in historically similar periods — not a price prediction. Ranges are scored publicly on /methodology.
  • Actual close
  • Typical path (median)
  • Middle 50% of outcomes
  • 90% range

5,003 overlapping 1 month windows · 2006-09-262026-08-17 · basis climatology · forecast (batch). Probability up 53.9% (90% CI 51.756.1%, ≈1,408 obs).

The cone is anchored at the 2026-09-16 issuance close ($34.85) — the price the forecast resolves against on 2026-10-15, not the latest close. The drawn path shape is illustrative (bands widen with √t); every labeled number is real — the anchor, the scored batch p90/IQR endpoints, and the typical move.

Where PBT has typically landed a month from the 2026-09-16 close of $34.85 — the range is history, not a prediction.

$29.33worst · -15.8%$44.25best · +27.0%
  • now $34.85 (+0.0%)
  • typicalThe typical outcome — half of similar past periods did better and half did worse (not an average, so a few wild periods don't skew it). $35.55 (+2.0%)
  • middle 50%The central range of outcomes — half of similar past periods landed inside it, a quarter finished above, a quarter below. $32.75$38.34
  • 90% rangeA nine-in-ten range — in about nine of every ten similar past periods the outcome stayed within these bounds. $29.33$44.25
Actual 1-month windows behind the coneiEvery overlapping 1-month window in this security's own price history was ranked by realized return; shown are the 3 worst and 3 best of 5,003 windows spanning 2006-09-26 to 2026-09-16. Not cherry-picked — these are the extremes of the full sample. Max drop / max rise are the deepest and highest points reached within each window. See /methodology.
StartReturnMax dropMax rise
3 worst
2009-01-22−45.1%−45.1%+1.6%
2009-01-21−42.0%−42.0%+0.0%
2009-01-23−42.0%−45.6%+0.8%
3 best
2022-05-10+67.6%−1.3%+67.6%
2022-05-11+63.3%−2.3%+66.0%
2022-05-13+61.4%+0.0%+65.4%

5,003 overlapping windows · 2006-09-262026-09-16 · not cherry-picked

Seasonality · by month iHow this security has tended to do in each calendar month historically — a frequency, never a prediction.

iFor each calendar month, the share of years this security closed higher than the month before, and the average month-over-month return, over ~20 years of its own price history. Cells are shaded by average return. This is historical frequency, not a prediction — no month is a signal.
Jan
50%
+4.4%
n=20
Feb
70%
+4.1%
n=20
Mar
55%
−1.1%
n=20
Apr
60%
+1.7%
n=20
May
65%
+5.2%
n=20
Jun
55%
+1.5%
n=20
Jul
55%
+0.5%
n=20
Aug
45%
+0.7%
n=20
Sep
60%
+0.6%
n=20
Oct
50%
+1.1%
n=20
Nov
45%
+0.8%
n=20
Dec
45%
−2.2%
n=20

Up-frequency and average month-over-month return · historical frequency, not a prediction

Reported insider & political trades

Every Form 4 the people closest to this company have filed with the SEC — plotted against the share price, aggregated by month, and shown with the gap between when each trade happened and when it was disclosed. A public record, not advice.

Share price & reported tradesMonthly open-market valueReporting lag — trade date to filing date2026-092026-082026-072026-062026-052026-042026-032026-022026-012025-122025-112025-102025-092025-08$36$15↑ buys↓ sales
DatePersonRoleActionShares @ priceValueOwnership Δvs S&P 1mvs S&P 6mOwned afterFiling
2025-07-03OLIVER ERIC LdirectorPurchase2,000 @ $12.80$26K+0.0% of holding+7.1%+28.0%6,217,107Form 4 · filed 19 days after the trade
2025-07-02OLIVER ERIC LdirectorPurchase6,483 @ $12.78$83K+0.1% of holding+4.3%+24.4%6,215,107Form 4 · filed 20 days after the trade
2025-07-01OLIVER ERIC LdirectorPurchase2,000 @ $12.40$25K+0.0% of holding+4.0%+24.3%6,208,624Form 4 · filed 21 days after the trade
2025-06-30OLIVER ERIC LdirectorPurchase4,000 @ $12.46$50K+0.1% of holding+5.9%+27.1%6,206,624Form 4 · filed 22 days after the trade
2025-06-27OLIVER ERIC LdirectorPurchase6,898 @ $12.51$86K+0.1% of holding+5.9%+24.9%6,202,624Form 4 · filed 25 days after the trade
2025-06-26OLIVER ERIC LdirectorPurchase2,000 @ $12.31$25K+0.0% of holding+5.9%+27.7%6,195,726Form 4 · filed 26 days after the trade
2025-06-25OLIVER ERIC LdirectorPurchase4,000 @ $12.05$48K+0.1% of holding+3.3%+30.1%6,193,726Form 4 · filed 27 days after the trade
2025-06-24OLIVER ERIC LdirectorPurchase7,138 @ $12.10$86K+0.1% of holding+2.7%+30.6%6,189,726Form 4 · filed 28 days after the trade
2025-06-23OLIVER ERIC LdirectorPurchase20,165 @ $12.12$244K+0.3% of holding+0.6%+26.3%6,182,588Form 4 · filed 29 days after the trade
2025-06-20OLIVER ERIC LdirectorPurchase4,582 @ $11.96$55K+0.1% of holding+0.1%+28.8%6,139,123Form 4 · filed 32 days after the trade
2025-06-18OLIVER ERIC LdirectorPurchase11,241 @ $12.11$136K+0.2% of holding−0.5%+29.7%6,134,541Form 4 · filed 34 days after the trade
2025-06-17OLIVER ERIC LdirectorPurchase15,000 @ $12.08$181K+0.2% of holding+0.2%+24.4%6,123,300Form 4 · filed 35 days after the trade
2025-06-12OLIVER ERIC LdirectorPurchase22,000 @ $11.62$256K+0.4% of holding+6.8%+39.9%6,088,000Form 4 · filed 40 days after the trade
2025-06-12OLIVER ERIC LdirectorSale50 @ $1.05$53−0.1% of holding+6.8%+39.9%43,600Form 4 · filed 40 days after the trade
2025-06-11OLIVER ERIC LdirectorPurchase5,000 @ $11.49$57K+0.1% of holding+6.6%+42.8%6,065,000Form 4 · filed 41 days after the trade
2025-06-11OLIVER ERIC LdirectorSale200 @ $1.02$204−0.5% of holding+6.6%+42.8%39,600Form 4 · filed 41 days after the trade
2025-06-06OLIVER ERIC LdirectorSale20 @ $1.30$26−0.1% of holding+9.7%+53.8%19,600Form 4 · filed 46 days after the trade
2025-06-05OLIVER ERIC LdirectorSale51 @ $1.50$77−0.3% of holding+17.7%+53.9%17,600Form 4 · filed 47 days after the trade
2025-06-04OLIVER ERIC LdirectorSale100 @ $1.30$130−0.8% of holding+17.8%+52.9%12,500Form 4 · filed 48 days after the trade

The vs-S&P columns are a labeled look-back on what the stock did after each filing, measured against the index over the same window. Descriptive history, not a claim about the person or a reason to trade.

11 award / exercise / gift records — not counted as purchases

Awards, option exercises, gifts and tax-withholding disposals are shown separately and never counted as open-market purchases or sales — they carry no conviction information.

DatePersonRoleActionSharesOwned afterFiling
2025-12-19OLIVER ERIC LdirectorCode E10Form 4
2025-12-19OLIVER ERIC LdirectorCode E3,9650Form 4
2025-09-19OLIVER ERIC LdirectorCode E8640Form 4
2025-09-19OLIVER ERIC LdirectorCode E7,7230Form 4
2025-06-20OLIVER ERIC LdirectorExercise23,3006,162,423Form 4
2025-06-20OLIVER ERIC LdirectorCode E2,7110Form 4
2025-06-20OLIVER ERIC LdirectorExercise230Form 4
2025-06-12OLIVER ERIC LdirectorExercise20,3006,108,300Form 4
2025-06-12OLIVER ERIC LdirectorExercise2023,300Form 4
2025-06-11OLIVER ERIC LdirectorExercise1,0006,066,000Form 4
2025-06-11OLIVER ERIC LdirectorExercise1038,600Form 4

Source: SEC Form 4 filings. Each row links to its original filing.

Across 2012–2021, stocks where a CEO, C-suite officer, or director had recently made an open-market common-stock purchase ran about +28 bp per month above the universe average (n=34,268 stock-weeks). A historical tendency, not a prediction.

Congressional disclosures

No congressional trades disclosed for this company.

Research tool, not investment advice — historical frequencies, not recommendations. A product of Marovel Technologies LLC. Full terms.