Permianville Royalty Trust (NYSE:PVL) Short Interest Update

by · The Markets Daily

Permianville Royalty Trust (NYSE:PVL – Get Free Report) was the recipient of a significant drop in short interest in the month of August. As of August 14th, there was short interest totaling 6,960 shares, a drop of 75.5% from the July 30th total of 28,364 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average daily volume of 38,490 shares, the days-to-cover ratio is currently 0.2 days.

Permianville Royalty Trust Stock Up 0.8%

PVL stock traded up $0.01 during midday trading on Thursday, reaching $1.82. The company’s stock had a trading volume of 54,680 shares, compared to its average volume of 88,169. The business’s 50-day simple moving average is $1.73 and its 200-day simple moving average is $1.81. Permianville Royalty Trust has a 52 week low of $1.58 and a 52 week high of $2.04. The stock has a market cap of $60.06 million, a PE ratio of 10.71 and a beta of 0.12.

Permianville Royalty Trust (NYSE:PVL – Get Free Report) last posted its quarterly earnings results on Friday, August 14th. The company reported $0.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.01 by $0.02. The business had revenue of $14.79 million for the quarter, compared to analyst estimates of $8.70 million. Permianville Royalty Trust had a return on equity of 15.04% and a net margin of 11.30%.

Permianville Royalty Trust Increases Dividend

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, September 15th. Investors of record on Monday, August 31st will be paid a dividend of $0.027 per share. This represents a c) annualized dividend and a yield of 17.8%. The ex-dividend date of this dividend is Monday, August 31st. This is a positive change from Permianville Royalty Trust’s previous monthly dividend of $0.01. Permianville Royalty Trust’s payout ratio is 188.24%.

Institutional Investors Weigh In On Permianville Royalty Trust

Several large investors have recently bought and sold shares of the company. Kestra Private Wealth Services LLC acquired a new stake in shares of Permianville Royalty Trust during the third quarter worth about $37,000. Citadel Advisors LLC grew 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 valued at $51,000 after purchasing an additional 40,428 shares during the period. Pingora Partners LLC grew its position 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 valued at $1,701,000 after purchasing an additional 41,386 shares during the period. Susquehanna International Group LLP increased its stake in Permianville Royalty Trust by 239.2% during the 3rd quarter. Susquehanna International Group LLP now owns 94,421 shares of the company’s stock worth $171,000 after purchasing an additional 66,583 shares in the last quarter. Finally, Ashton Thomas Private Wealth LLC increased its stake in Permianville Royalty Trust by 10.8% during the 4th quarter. Ashton Thomas Private Wealth LLC now owns 1,721,520 shares of the company’s stock worth $3,138,000 after purchasing an additional 167,616 shares in the last quarter. Institutional investors own 6.78% of the company’s stock.

Analysts Set New Price Targets

Separately, Weiss Ratings downgraded shares of Permianville Royalty Trust from a “hold (c)” rating to a “hold (c-)” rating in a research report on Friday, August 14th. One research analyst has rated the stock with a Hold rating, According to MarketBeat.com, the stock currently has an average rating of “Hold”.

Check Out Our Latest Research Report on Permianville Royalty Trust

About Permianville Royalty Trust

(Get Free Report)

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.

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