10% owner Oliver Eric L bought 112,507 shares over 14 days (June 11–July 2) for $1.4M at blended $12.07, raising stake to 6.22M shares.
Oliver Eric L, a 10% owner of Permian Basin Royalty Trust, executed 14 separate open-market purchases totaling 112,507 shares for $1,358,195.55 between June 11 and July 2, 2025, at prices ranging from $11.49 to $12.80 and a blended average price of $12.07. His post-transaction holdings of 6.22M shares represent a 1.8% increase from pre-transaction holdings of 6.10M shares. The current price of $12.63 is 4.6% above the blended purchase price, and the stock has risen 5.8% over the prior 30 days and 27.6% over the prior 90 days. However, the insider's cross-ticker track record shows 12 prior open-market purchases with an average 90-day return of -85.8% and a 0% win rate, indicating a consistent pattern of poor trade timing across multiple securities that raises questions about the predictive value of this accumulation sequence.