Permianville Royalty Trust (NYSE:PVL) Short Interest Down 64.9% in June

Permianville Royalty Trust (NYSE:PVLGet Free Report) was the target of a large drop in short interest in the month of June. As of June 30th, there was short interest totaling 6,933 shares, a drop of 64.9% from the June 15th total of 19,735 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average trading volume of 92,272 shares, the short-interest ratio is currently 0.1 days.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings lowered shares of Permianville Royalty Trust from a “hold (c)” rating to a “hold (c-)” rating in a report on Wednesday, June 24th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat.com, the company has a consensus rating of “Hold”.

Check Out Our Latest Research Report on PVL

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the company. Kestra Private Wealth Services LLC bought a new position in Permianville Royalty Trust during the third quarter worth about $37,000. Citadel Advisors LLC raised its position in Permianville Royalty Trust by 326.0% during the third 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. Susquehanna International Group LLP raised its holdings 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 buying an additional 66,583 shares in the last quarter. Pingora Partners LLC lifted 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 worth $1,701,000 after acquiring an additional 41,386 shares during the last quarter. Finally, Ashton Thomas Private Wealth LLC lifted its stake 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 purchasing an additional 167,616 shares during the last quarter. Institutional investors own 6.78% of the company’s stock.

Permianville Royalty Trust Trading Down 0.6%

NYSE:PVL opened at $1.66 on Monday. The firm has a fifty day simple moving average of $1.84 and a 200 day simple moving average of $1.82. Permianville Royalty Trust has a 1-year low of $1.58 and a 1-year high of $2.04. The stock has a market capitalization of $54.78 million, a PE ratio of 11.07 and a beta of 0.11.

Permianville Royalty Trust (NYSE:PVLGet Free Report) last issued its earnings results on Friday, May 15th. The company reported $0.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.02 by $0.02. The company had revenue of $11.05 million for the quarter, compared to analysts’ expectations 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 Increases Dividend

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th will be issued a $0.017 dividend. This is an increase from Permianville Royalty Trust’s previous monthly dividend of $0.01. This represents a c) annualized dividend and a dividend yield of 12.3%. The ex-dividend date is Tuesday, June 30th. Permianville Royalty Trust’s dividend payout ratio is presently 133.33%.

About Permianville Royalty Trust

(Get Free Report)

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.

Further Reading

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