Permianville Royalty Trust (NYSE:PVL) Posts Quarterly Earnings Results

Permianville Royalty Trust (NYSE:PVL) posted its earnings results on Wednesday. The company reported $0.04 EPS for the quarter, Zacks reports. Permianville Royalty Trust had a return on equity of 13.73% and a net margin of 12.60%.

Permianville Royalty Trust Stock Up 0.6 %

Shares of NYSE:PVL traded up $0.01 during trading on Wednesday, hitting $1.52. 185,071 shares of the company traded hands, compared to its average volume of 79,238. Permianville Royalty Trust has a one year low of $1.03 and a one year high of $1.96. The stock has a market capitalization of $50.13 million, a price-to-earnings ratio of 7.23 and a beta of 0.89. The business’s fifty day moving average is $1.47 and its 200-day moving average is $1.52.

Permianville Royalty Trust Announces Dividend

The business also recently announced a dividend, which will be paid on Monday, April 14th. Stockholders of record on Monday, March 31st will be issued a dividend of $0.0085 per share. The ex-dividend date of this dividend is Monday, March 31st. Permianville Royalty Trust’s dividend payout ratio (DPR) is presently 57.14%.

Permianville Royalty Trust Company Profile

Permianville Royalty Trust operates as a statutory trust. It is involved in the acquisition and holding of net profits interest representing the right to receive 80% of the net profits from the sale of oil and natural gas production from properties located in the states of Texas, Louisiana, and New Mexico.