Permianville Royalty Trust (PVL) To Go Ex-Dividend on August 31st

Permianville Royalty Trust (NYSE:PVL) announced a monthly dividend on Monday, August 17th. Investors of record on Monday, August 31st will be given a dividend of 0.027 per share on Tuesday, September 15th. This represents a c) annualized dividend and a yield of 18.1%. The ex-dividend date of this dividend is Monday, August 31st. This is a 80.0% increase from Permianville Royalty Trust’s previous monthly dividend of $0.01.

Permianville Royalty Trust Trading Up 1.7%

Shares of Permianville Royalty Trust stock opened at $1.79 on Wednesday. Permianville Royalty Trust has a 1 year low of $1.58 and a 1 year high of $2.04. The company has a market cap of $59.07 million, a price-to-earnings ratio of 10.53 and a beta of 0.12. The company’s fifty day simple moving average is $1.74 and its 200-day simple moving average is $1.80.

Permianville Royalty Trust (NYSE:PVL) last posted its quarterly earnings data on Friday, August 14th. The company reported $0.03 earnings per share for the quarter, topping the consensus estimate of $0.01 by $0.02. Permianville Royalty Trust had a net margin of 11.30% and a return on equity of 14.77%. The company had revenue of $14.79 million during the quarter, compared to analyst estimates of $8.70 million.

Institutional Trading of Permianville Royalty Trust

Several large investors have recently bought and sold shares of the business. Kestra Private Wealth Services LLC acquired a new position in shares of Permianville Royalty Trust in the third quarter valued at approximately $37,000. Susquehanna International Group LLP grew its position in Permianville Royalty Trust by 239.2% in the 3rd quarter. Susquehanna International Group LLP now owns 94,421 shares of the company’s stock valued at $171,000 after purchasing an additional 66,583 shares during the period. Citadel Advisors LLC grew its holdings 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 in the last quarter. Pingora Partners LLC grew its stake in shares of Permianville Royalty Trust by 4.6% in the 4th quarter. Pingora Partners LLC now owns 950,410 shares of the company’s stock worth $1,701,000 after acquiring an additional 41,386 shares in the last quarter. Finally, Ashton Thomas Private Wealth LLC increased its stake 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 last quarter. 6.78% of the stock is owned by institutional investors and hedge funds.

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.