MIDLAND, Texas—Boaz Energy II, LLC, a significant stakeholder in PermRock Royalty Trust (NYSE:PRT), has completed the sale of its Trust Units in a private transaction. The trust, currently valued at $51.7 million in market capitalization, has maintained consistent dividend payments for eight consecutive years according to InvestingPro data. The sale, which occurred on March 31, 2025, involved 4,884,861 Trust Units and was conducted under a Purchase and Sale Agreement dated January 10, 2025. The units were sold to T2S Permian Acquisition II LLC at an allocated value of approximately $2.48 per unit, totaling approximately $12.1 million. Notably, PRT’s current trading price of $4.29 represents a significant premium to the transaction price, with the stock trading near its 52-week high of $4.63.
Boaz Energy previously held 4,888,061 Trust Units directly. Following the transaction, the company no longer owns any Trust Units directly. The sale also involved certain other oil and gas properties held by Boaz Energy.
The transaction was filed jointly by Boaz Energy and its key figures, Karan Eves and Marshall Eves, who each own 4,400 Trust Units individually and hold managerial positions within Boaz Energy. This sale marks a significant transfer of ownership within the PermRock Royalty Trust.
In other recent news, Esplanet Group reported a 10% increase in gross sales for the fourth quarter of 2024, reaching €4.4 billion. The company launched a new division, Zeliatek, focusing on green technology, which is expected to enhance its market presence. Esplanet also declared a dividend of €0.40 per share, resuming after a suspension last year. The company’s return on capital employed improved to 8.3%, up from 6.9% the previous year, indicating effective capital management. Additionally, Esplanet is exploring potential mergers and acquisitions within its Zeliatek division to further strengthen its position in the green tech market. The company’s financial highlights included an adjusted EBIT of €69.5 million, marking an 8% year-over-year increase. Despite these positive developments, analysts have noted potential challenges such as inflationary pressures and market competition in the green tech sector. Esplanet’s strategic initiatives and focus on innovation are expected to drive future growth, particularly in the green technology sector.
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