Permianville Royalty Trust (NYSE:PVL) Short Interest Up 158.6% in July

Permianville Royalty Trust (NYSE:PVL) was the target of a large growth in short interest in the month of July. As of July 15th, there was short interest totaling 17,928 shares, a growth of 158.6% from the June 30th total of 6,933 shares. Approximately 0.1% of the company’s shares are short sold. Based on an average daily trading volume, of 62,237 shares, the days-to-cover ratio is presently 0.3 days.

Analysts Set New Price Targets

Separately, Weiss Ratings raised Permianville Royalty Trust from a “hold (c-)” rating to a “hold (c)” rating in a research note on Tuesday, July 21st. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat, the stock presently has a consensus rating of “Hold”.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the company. Ashton Thomas Private Wealth LLC raised its position in Permianville Royalty Trust by 10.8% in the 4th quarter. Ashton Thomas Private Wealth LLC now owns 1,721,520 shares of the company’s stock valued at $3,138,000 after buying an additional 167,616 shares during the last quarter. Susquehanna International Group LLP grew its stake in shares of Permianville Royalty Trust by 239.2% during the 3rd quarter. Susquehanna International Group LLP now owns 94,421 shares of the company’s stock worth $171,000 after acquiring an additional 66,583 shares in the last quarter. Pingora Partners LLC raised its holdings in shares of Permianville Royalty Trust by 4.6% in the fourth quarter. Pingora Partners LLC now owns 950,410 shares of the company’s stock valued at $1,701,000 after purchasing an additional 41,386 shares during the last quarter. Citadel Advisors LLC lifted its position in shares of Permianville Royalty Trust by 326.0% in the third quarter. Citadel Advisors LLC now owns 28,028 shares of the company’s stock worth $51,000 after purchasing an additional 40,428 shares in the last quarter. Finally, Kestra Private Wealth Services LLC bought a new stake in shares of Permianville Royalty Trust in the third quarter worth $37,000. 6.78% of the stock is owned by institutional investors and hedge funds.

Permianville Royalty Trust Price Performance

Shares of Permianville Royalty Trust stock traded down $0.01 on Tuesday, hitting $1.69. The company had a trading volume of 23,671 shares, compared to its average volume of 95,068. The firm has a market capitalization of $55.77 million, a P/E ratio of 11.27 and a beta of 0.11. Permianville Royalty Trust has a twelve month low of $1.58 and a twelve month high of $2.04. The stock has a 50-day moving average of $1.79 and a 200-day moving average of $1.81.

Permianville Royalty Trust (NYSE:PVL) last issued its quarterly earnings data on Friday, May 15th. The company reported $0.04 EPS for the quarter, topping analysts’ consensus estimates of $0.02 by $0.02. The business had revenue of $11.05 million for the quarter, compared to analyst estimates of $8.90 million. Permianville Royalty Trust had a net margin of 10.38% and a return on equity of 12.46%.

Permianville Royalty Trust Cuts Dividend

The company also recently declared a monthly dividend, which will be paid on Friday, August 14th. Stockholders of record on Friday, July 31st will be issued a $0.015 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 10.7%. The ex-dividend date is Friday, July 31st. Permianville Royalty Trust’s payout ratio is 120.00%.

Permianville Royalty Trust Company Profile

Permianville Royalty Trust is a passive investment vehicle that holds overriding royalty interests in oil and gas properties located primarily in the Permian Basin of West Texas and southeastern New Mexico. Organized as a statutory royalty trust, it provides investors with exposure to production revenues from established hydrocarbon reservoirs without engaging directly in exploration or development activities.

The trust’s assets consist of net profits interests in wells that produce crude oil, natural gas and natural gas liquids.