Permianville Royalty Trust (NYSE:PVL) Short Interest Update

Permianville Royalty Trust (NYSE:PVL) was the recipient of a significant drop in short interest in 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. Based on an average daily trading volume, of 92,272 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.0% of the company’s shares are short sold.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings cut 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 data from MarketBeat.com, Permianville Royalty Trust presently has an average rating of “Hold”.

Hedge Funds Weigh In On Permianville Royalty Trust

Several large investors have recently modified their holdings of the business. Pingora Partners LLC increased its position in shares of Permianville Royalty Trust by 4.6% during the 4th 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 last quarter. Ashton Thomas Private Wealth LLC raised its holdings 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 buying an additional 167,616 shares during the period. Kestra Private Wealth Services LLC acquired a new position in Permianville Royalty Trust in the third quarter valued at about $37,000. Susquehanna International Group LLP boosted 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 worth $171,000 after buying an additional 66,583 shares during the period. Finally, Citadel Advisors LLC boosted its stake in Permianville Royalty Trust by 326.0% during the third quarter. Citadel Advisors LLC now owns 28,028 shares of the company’s stock worth $51,000 after buying an additional 40,428 shares during the period. Institutional investors and hedge funds own 6.78% of the company’s stock.

Permianville Royalty Trust Stock Up 0.5%

NYSE:PVL traded up $0.01 on Wednesday, hitting $1.73. The stock had a trading volume of 62,554 shares, compared to its average volume of 98,403. The company has a fifty day moving average price of $1.83 and a two-hundred day moving average price 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 cap of $57.06 million, a price-to-earnings ratio of 11.53 and a beta of 0.11.

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

Permianville Royalty Trust Increases Dividend

The firm also recently announced a monthly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th will be given a $0.017 dividend. This is an increase from Permianville Royalty Trust’s previous monthly dividend of $0.01. This represents a c) dividend on an annualized basis and a yield of 11.8%. The ex-dividend date is Tuesday, June 30th. Permianville Royalty Trust’s dividend payout ratio (DPR) is presently 133.33%.

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.