Permianville Royalty Trust (NYSE:PVL) Issues Quarterly Earnings Results

Permianville Royalty Trust (NYSE:PVL) released its quarterly earnings results on Monday. The company reported $0.08 earnings per share (EPS) for the quarter, Zacks reports. Permianville Royalty Trust had a return on equity of 8.51% and a net margin of 7.47%.The business had revenue of $13.71 million during the quarter.

Permianville Royalty Trust Stock Up 0.3%

PVL stock opened at $1.86 on Wednesday. The firm has a market cap of $61.22 million, a PE ratio of 16.87 and a beta of 0.20. The business has a 50 day moving average of $1.78 and a 200-day moving average of $1.81. Permianville Royalty Trust has a 12-month low of $1.30 and a 12-month high of $2.04.

Permianville Royalty Trust Increases Dividend

The firm also recently announced a monthly dividend, which will be paid on Tuesday, April 14th. Stockholders of record on Tuesday, March 31st will be issued a $0.01 dividend. This is a boost from Permianville Royalty Trust’s previous monthly dividend of $0.01. This represents a c) annualized dividend and a dividend yield of 6.5%. The ex-dividend date of this dividend is Tuesday, March 31st. Permianville Royalty Trust’s dividend payout ratio is currently 85.71%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Kestra Private Wealth Services LLC bought a new position in Permianville Royalty Trust in the 3rd quarter valued at $37,000. Citadel Advisors LLC raised its stake in shares of Permianville Royalty Trust by 326.0% during the 3rd quarter. Citadel Advisors LLC now owns 28,028 shares of the company’s stock worth $51,000 after purchasing an additional 40,428 shares during the period. Finally, Susquehanna International Group LLP boosted its holdings in shares of Permianville Royalty Trust by 239.2% in the 3rd quarter. Susquehanna International Group LLP now owns 94,421 shares of the company’s stock worth $171,000 after buying an additional 66,583 shares during the last quarter. Hedge funds and other institutional investors own 6.78% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Permianville Royalty Trust in a research report on Monday, December 29th. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock has an average rating of “Hold”.

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.