Permianville Royalty Trust (PVL) Expected to Announce Quarterly Earnings on Thursday

Permianville Royalty Trust (NYSE:PVL) is projected to release its results after the market closes on Thursday, May 14th. Analysts expect Permianville Royalty Trust to post earnings of $0.02 per share and revenue of $8.90 million for the quarter.

Permianville Royalty Trust (NYSE:PVL) last released its quarterly earnings data on Monday, March 23rd. The company reported $0.08 earnings per share for the quarter, beating the consensus estimate of $0.02 by $0.06. Permianville Royalty Trust had a net margin of 7.47% and a return on equity of 8.63%. The firm had revenue of $13.71 million during the quarter, compared to analysts’ expectations of $8.90 million.

Permianville Royalty Trust Stock Up 2.1%

PVL opened at $1.93 on Tuesday. The firm has a 50 day moving average price of $1.85 and a 200-day moving average price of $1.81. Permianville Royalty Trust has a twelve month low of $1.45 and a twelve month high of $2.04. The stock has a market capitalization of $63.69 million, a price-to-earnings ratio of 17.55 and a beta of 0.11.

Permianville Royalty Trust Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, May 15th. Shareholders of record on Thursday, April 30th will be issued a dividend of $0.01 per share. This represents a c) dividend on an annualized basis and a yield of 6.2%. The ex-dividend date of this dividend is Thursday, April 30th. Permianville Royalty Trust’s dividend payout ratio is currently 109.09%.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings raised shares of Permianville Royalty Trust from a “hold (c-)” rating to a “hold (c)” rating in a report on Wednesday, April 29th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, Permianville Royalty Trust has a consensus rating of “Hold”.

Institutional Trading of Permianville Royalty Trust

Several hedge funds have recently bought and sold shares of PVL. Citadel Advisors LLC lifted 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 during the last quarter. Susquehanna International Group LLP lifted 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 acquiring an additional 66,583 shares during the last quarter. Finally, Kestra Private Wealth Services LLC bought a new stake in shares of Permianville Royalty Trust in the 3rd quarter worth about $37,000. Hedge funds and other institutional investors own 6.78% of the company’s stock.

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.