Short Interest in Permianville Royalty Trust (NYSE:PVL) Increases By 78.2%

Permianville Royalty Trust (NYSE:PVL) saw a significant growth in short interest in the month of January. As of January 30th, there was short interest totaling 23,741 shares, a growth of 78.2% from the January 15th total of 13,322 shares. Based on an average trading volume of 78,591 shares, the days-to-cover ratio is currently 0.3 days. Currently, 0.1% of the company’s shares are sold short. Currently, 0.1% of the company’s shares are sold short. Based on an average trading volume of 78,591 shares, the days-to-cover ratio is currently 0.3 days.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in PVL. Ashton Thomas Private Wealth LLC raised its stake in Permianville Royalty Trust by 10.8% during the fourth 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 last quarter. Kestra Private Wealth Services LLC purchased a new stake in shares of Permianville Royalty Trust in the third quarter worth $37,000. Susquehanna International Group LLP increased its holdings in shares of 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. Citadel Advisors LLC raised its position in shares of Permianville Royalty Trust by 326.0% in the 3rd quarter. Citadel Advisors LLC now owns 28,028 shares of the company’s stock worth $51,000 after purchasing an additional 40,428 shares during the last quarter. Finally, Clear Harbor Asset Management LLC purchased a new position in shares of Permianville Royalty Trust in the 3rd quarter worth about $81,000. Institutional investors own 6.78% of the company’s stock.

Analyst Ratings Changes

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

Permianville Royalty Trust Stock Performance

Shares of PVL traded down $0.00 on Friday, reaching $1.74. The stock had a trading volume of 121,945 shares, compared to its average volume of 66,861. Permianville Royalty Trust has a 12-month low of $1.30 and a 12-month high of $2.04. The firm has a market capitalization of $57.39 million, a price-to-earnings ratio of 24.84 and a beta of 0.20. The company has a 50-day simple moving average of $1.79 and a 200-day simple moving average of $1.83.

Permianville Royalty Trust (NYSE:PVL) last announced its quarterly earnings data on Friday, November 14th. The company reported $0.02 EPS for the quarter. The business had revenue of $11.57 million during the quarter. Permianville Royalty Trust had a return on equity of 5.04% and a net margin of 4.44%.

Permianville Royalty Trust Cuts Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, February 13th. Stockholders of record on Friday, January 30th will be given a $0.015 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 10.4%. The ex-dividend date of this dividend is Friday, January 30th. Permianville Royalty Trust’s payout ratio is currently 257.14%.

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.