5 Best Multibagger Stocks to Buy Now

2. Permian Basin Royalty Trust (NYSE:PBT)

Number of Hedge Fund Holders: 3

1-Year Stock Price Performance: 212.31%

Permian Basin Royalty Trust (NYSE:PBT) is a Dallas, Texas-based company that has royalty interests in oil and gas properties in Texas. The company is a pure upstream entity that has a fixed number of assets in its portfolio.

Permian Basin Royalty Trust (NYSE:PBT) is set to become a direct beneficiary of rising crude oil and natural gas prices. The conflict between Russia and Ukraine has placed a question mark on over 10% of global crude oil production and 30% of global natural gas production coming out of Russia. Crude oil prices have recently rallied to 13-year highs at the peak of this conflict. On the other hand, leading crude oil producers are also not interested in increasing production to make up for the decline in production from Russia. The rise in crude oil and natural gas prices in the last year has increased the proven reserves of Permian Basin Royalty Trust (NYSE:PBT) by over 50%. Further sanctions and uncertainty in the crude oil and natural gas industry will play in favor of Permian Basin Royalty Trust (NYSE:PBT).

Horizon Asset Management was the leading hedge fund investor in Permian Basin Royalty Trust (NYSE:PBT) during Q2 2022.