Permianville Royalty Trust (NYSE:PVL) Declares Monthly Dividend of $0.02

Permianville Royalty Trust (NYSE:PVL) announced a monthly dividend on Tuesday, June 16th. Investors of record on Tuesday, June 30th will be paid a dividend of 0.017 per share on Wednesday, July 15th. This represents a c) dividend on an annualized basis and a yield of 11.9%. The ex-dividend date of this dividend is Tuesday, June 30th. This is a 21.4% increase from Permianville Royalty Trust’s previous monthly dividend of $0.01.

Permianville Royalty Trust Stock Up 0.3%

NYSE PVL opened at $1.72 on Friday. The company has a market cap of $56.59 million, a PE ratio of 11.43 and a beta of 0.11. Permianville Royalty Trust has a 52 week low of $1.61 and a 52 week high of $2.04. The firm’s 50-day simple moving average is $1.87 and its two-hundred day simple moving average is $1.83.

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

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in PVL. Kestra Private Wealth Services LLC bought a new stake in shares of Permianville Royalty Trust during the third quarter valued at about $37,000. Citadel Advisors LLC boosted its position in shares of Permianville Royalty Trust by 326.0% in the third 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. Susquehanna International Group LLP grew its stake 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 acquiring an additional 66,583 shares in the last quarter. Pingora Partners LLC grew its stake 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 acquiring an additional 41,386 shares in the last quarter. Finally, Ashton Thomas Private Wealth LLC increased its holdings in Permianville Royalty Trust by 10.8% during the 4th quarter. Ashton Thomas Private Wealth LLC now owns 1,721,520 shares of the company’s stock worth $3,138,000 after acquiring an additional 167,616 shares during the period. 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.