Permianville Royalty Trust (NYSE:PVL) Short Interest Update

Permianville Royalty Trust (NYSE:PVL) was the target of a significant drop in short interest in August. As of August 14th, there was short interest totaling 6,960 shares, a drop of 75.5% from the July 30th total of 28,364 shares. Based on an average trading volume of 38,490 shares, the short-interest ratio is presently 0.2 days. Currently, 0.0% of the company’s stock are short sold.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings downgraded shares of Permianville Royalty Trust from a “hold (c)” rating to a “hold (c-)” rating in a research report on Friday, August 14th. One analyst has rated the stock with a Hold rating, According to MarketBeat.com, the stock currently has a consensus rating of “Hold”.

Permianville Royalty Trust Trading Up 2.2%

PVL stock traded up $0.04 during trading on Friday, reaching $1.86. 269,800 shares of the stock were exchanged, compared to its average volume of 45,288. Permianville Royalty Trust has a twelve month low of $1.58 and a twelve month high of $2.04. The company has a market capitalization of $61.38 million, a P/E ratio of 10.94 and a beta of 0.12. The stock has a 50 day simple moving average of $1.73 and a 200-day simple moving average of $1.81.

Permianville Royalty Trust (NYSE:PVL) last posted its quarterly earnings results on Friday, August 14th. The company reported $0.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.01 by $0.02. Permianville Royalty Trust had a net margin of 11.30% and a return on equity of 15.04%. The firm had revenue of $14.79 million during the quarter, compared to analyst estimates of $8.70 million.

Permianville Royalty Trust Increases Dividend

The business also recently announced a monthly dividend, which will be paid on Tuesday, September 15th. Investors of record on Monday, August 31st will be given a dividend of $0.027 per share. This is a boost from Permianville Royalty Trust’s previous monthly dividend of $0.01. The ex-dividend date is Monday, August 31st. This represents a c) annualized dividend and a dividend yield of 17.4%. Permianville Royalty Trust’s dividend payout ratio is 105.88%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Ashton Thomas Private Wealth LLC grew its stake in Permianville Royalty Trust by 10.8% in the fourth quarter. Ashton Thomas Private Wealth LLC now owns 1,721,520 shares of the company’s stock valued at $3,138,000 after acquiring an additional 167,616 shares during the period. Pingora Partners LLC raised its position in shares of Permianville Royalty Trust by 4.6% during the fourth quarter. Pingora Partners LLC now owns 950,410 shares of the company’s stock worth $1,701,000 after purchasing an additional 41,386 shares during the period. Susquehanna International Group LLP raised its position in shares of Permianville Royalty Trust by 239.2% during the third 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. Citadel Advisors LLC lifted its holdings 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 purchasing an additional 40,428 shares in the last quarter. Finally, Kestra Private Wealth Services LLC bought a new position in shares of Permianville Royalty Trust during the 3rd quarter valued at about $37,000. 6.78% of the stock is currently owned by institutional investors.

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.