Permianville Royalty Trust (NYSE:PVL) Short Interest Down 85.3% in May

Permianville Royalty Trust (NYSE:PVL) was the target of a large drop in short interest in May. As of May 15th, there was short interest totaling 11,034 shares, a drop of 85.3% from the April 30th total of 75,195 shares. Approximately 0.0% of the company’s stock are sold short. Based on an average daily volume of 132,375 shares, the short-interest ratio is presently 0.1 days.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings raised 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, the stock presently has a consensus rating of “Hold”.

Permianville Royalty Trust Price Performance

Shares of PVL traded down $0.01 during trading hours on Friday, hitting $1.91. The stock had a trading volume of 46,057 shares, compared to its average volume of 96,021. Permianville Royalty Trust has a 12 month low of $1.58 and a 12 month high of $2.04. The firm has a market capitalization of $62.87 million, a PE ratio of 12.70 and a beta of 0.11. The stock has a fifty day moving average price of $1.89 and a 200 day moving average price of $1.82.

Permianville Royalty Trust (NYSE:PVL) last issued its quarterly earnings data on Friday, May 15th. The company reported $0.04 EPS for the quarter, topping the consensus estimate of $0.02 by $0.02. Permianville Royalty Trust had a return on equity of 12.46% and a net margin of 10.38%.The company had revenue of $11.05 million during the quarter, compared to analyst estimates of $8.90 million.

Permianville Royalty Trust Increases Dividend

The company also recently disclosed a monthly dividend, which will be paid on Friday, June 12th. Investors of record on Friday, May 29th will be issued a $0.014 dividend. The ex-dividend date of this dividend is Friday, May 29th. 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 8.8%. Permianville Royalty Trust’s dividend payout ratio is presently 106.67%.

Institutional Trading of Permianville Royalty Trust

Large investors have recently modified their holdings of the company. Kestra Private Wealth Services LLC bought a new stake in Permianville Royalty Trust during the third quarter valued at about $37,000. Citadel Advisors LLC grew its holdings 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 period. Susquehanna International Group LLP grew its holdings in Permianville Royalty Trust by 239.2% during the third quarter. Susquehanna International Group LLP now owns 94,421 shares of the company’s stock valued at $171,000 after purchasing an additional 66,583 shares during the period. Pingora Partners LLC grew its holdings in Permianville Royalty Trust by 4.6% during the fourth quarter. Pingora Partners LLC now owns 950,410 shares of the company’s stock valued at $1,701,000 after purchasing an additional 41,386 shares during the period. Finally, Ashton Thomas Private Wealth LLC grew its holdings 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 during the period. Institutional investors own 6.78% of the company’s stock.

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.