Permianville Royalty Trust (NYSE:PVL) Sees Large Drop in Short Interest

Permianville Royalty Trust (NYSE:PVL) was the recipient of a large drop in short interest in January. As of January 15th, there was short interest totaling 13,322 shares, a drop of 40.2% from the December 31st total of 22,294 shares. Based on an average daily trading volume, of 116,622 shares, the short-interest ratio is currently 0.1 days. Currently, 0.0% of the shares of the stock are sold short. Currently, 0.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 116,622 shares, the short-interest ratio is currently 0.1 days.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “hold (c-)” rating on shares of Permianville Royalty Trust in a research report on Monday, December 29th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat.com, the company currently has an average rating of “Hold”.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of PVL. Ashton Thomas Private Wealth LLC lifted 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 worth $3,138,000 after purchasing an additional 167,616 shares in the last quarter. Susquehanna International Group LLP lifted 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 in the last quarter. Clear Harbor Asset Management LLC purchased a new position in Permianville Royalty Trust during the third quarter worth approximately $81,000. Citadel Advisors LLC boosted its stake 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 last quarter. Finally, Kestra Private Wealth Services LLC purchased a new stake in Permianville Royalty Trust in the 3rd quarter valued at $37,000. 6.78% of the stock is owned by hedge funds and other institutional investors.

Permianville Royalty Trust Stock Down 0.5%

Shares of NYSE PVL traded down $0.01 during midday trading on Friday, hitting $1.81. The stock had a trading volume of 6,466 shares, compared to its average volume of 96,318. The stock has a 50 day simple moving average of $1.80 and a 200-day simple moving average of $1.84. The company has a market capitalization of $59.73 million, a PE ratio of 25.84 and a beta of 0.08. Permianville Royalty Trust has a 1 year low of $1.30 and a 1 year high of $2.04.

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

Permianville Royalty Trust Cuts Dividend

The firm also recently declared a monthly dividend, which will be paid on Friday, February 13th. Investors of record on Friday, January 30th will be given a dividend of $0.015 per share. The ex-dividend date is Friday, January 30th. This represents a c) dividend on an annualized basis and a yield of 9.9%. Permianville Royalty Trust’s payout ratio is presently 400.00%.

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.