Permianville Royalty Trust (NYSE:PVL) Sees Significant Increase in Short Interest

Permianville Royalty Trust (NYSE:PVL) was the recipient of a significant growth in short interest in the month of January. As of January 30th, there was short interest totaling 23,741 shares, a growth of 78.2% from the January 15th total of 13,322 shares. Based on an average trading volume of 78,591 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.1% of the company’s shares are sold short. Currently, 0.1% of the company’s shares are sold short. Based on an average trading volume of 78,591 shares, the days-to-cover ratio is presently 0.3 days.

Institutional Trading of Permianville Royalty Trust

Institutional investors and hedge funds have recently modified their holdings of the business. Kestra Private Wealth Services LLC bought a new stake in Permianville Royalty Trust during the third quarter valued at approximately $37,000. Citadel Advisors LLC grew its position 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 valued at $51,000 after acquiring an additional 40,428 shares during the period. Clear Harbor Asset Management LLC purchased a new stake in shares of Permianville Royalty Trust in the 3rd quarter worth $81,000. Susquehanna International Group LLP raised its holdings in 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 purchasing an additional 66,583 shares during the period. Finally, Ashton Thomas Private Wealth LLC lifted its position in Permianville Royalty Trust by 0.5% during the third quarter. Ashton Thomas Private Wealth LLC now owns 1,553,904 shares of the company’s stock valued at $2,848,000 after purchasing an additional 7,890 shares in the last quarter. Institutional investors own 6.78% of the company’s stock.

Permianville Royalty Trust Trading Down 0.1%

PVL traded down $0.00 during midday trading on Friday, reaching $1.74. The company’s stock had a trading volume of 121,945 shares, compared to its average volume of 66,861. Permianville Royalty Trust has a 1 year low of $1.30 and a 1 year high of $2.04. The stock’s 50-day moving average is $1.79 and its 200-day moving average is $1.83. The firm has a market capitalization of $57.39 million, a price-to-earnings ratio of 24.84 and a beta of 0.20.

Permianville Royalty Trust (NYSE:PVL) last released its earnings results on Friday, November 14th. The company reported $0.02 EPS for the quarter. Permianville Royalty Trust had a return on equity of 5.04% and a net margin of 4.44%.The firm had revenue of $11.57 million for the quarter.

Permianville Royalty Trust Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Friday, February 13th. Investors of record on Friday, January 30th were given a $0.015 dividend. The ex-dividend date of this dividend was Friday, January 30th. This represents a c) annualized dividend and a yield of 10.4%. Permianville Royalty Trust’s dividend payout ratio is 257.14%.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “hold (c-)” rating on shares of Permianville Royalty Trust in a report on Monday, December 29th. One analyst has rated the stock with a Hold rating, According to MarketBeat.com, the stock has a consensus rating of “Hold”.

About Permianville Royalty Trust

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.