Permianville Royalty Trust (NYSE:PVL) Declares Monthly Dividend of $0.01

Permianville Royalty Trust (NYSE:PVL) announced a monthly dividend on Friday, July 17th. Investors of record on Friday, July 31st will be given a dividend of 0.015 per share on Friday, August 14th. This represents a c) annualized dividend and a yield of 10.7%. The ex-dividend date of this dividend is Friday, July 31st.

Permianville Royalty Trust Stock Down 0.6%

Shares of PVL opened at $1.69 on Wednesday. The stock has a 50 day moving average price of $1.78 and a 200 day moving average price of $1.81. The company has a market capitalization of $55.77 million, a price-to-earnings ratio of 11.27 and a beta of 0.11. Permianville Royalty Trust has a 52-week low of $1.58 and a 52-week high of $2.04.

Permianville Royalty Trust (NYSE:PVL) last announced its quarterly earnings results on Friday, May 15th. The company reported $0.04 EPS for the quarter, beating the consensus estimate 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 company had revenue of $11.05 million for the quarter, compared to analyst estimates of $8.90 million.

Institutional Trading of Permianville Royalty Trust

Several institutional investors and hedge funds have recently made changes to their positions in the company. Kestra Private Wealth Services LLC acquired a new stake in shares of Permianville Royalty Trust in the 3rd quarter valued at about $37,000. Citadel Advisors LLC increased its position 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. Susquehanna International Group LLP increased its position 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. Pingora Partners LLC lifted its stake in Permianville Royalty Trust by 4.6% in the fourth quarter. Pingora Partners LLC now owns 950,410 shares of the company’s stock valued at $1,701,000 after buying an additional 41,386 shares during the last quarter. Finally, Ashton Thomas Private Wealth LLC lifted its stake in Permianville Royalty Trust by 10.8% in 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. 6.78% of the stock is owned by hedge funds and other institutional investors.

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.