Permianville Royalty Trust (NYSE:PVL) Short Interest Down 42.0% in April

Permianville Royalty Trust (NYSE:PVL) was the recipient of a large decrease in short interest in April. As of April 30th, there was short interest totaling 75,195 shares, a decrease of 42.0% from the April 15th total of 129,730 shares. Based on an average daily volume of 117,841 shares, the short-interest ratio is presently 0.6 days. Currently, 0.2% of the shares of the company are short sold.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings raised shares of Permianville Royalty Trust from a “hold (c-)” rating to a “hold (c)” rating in a report on Wednesday, April 29th. One analyst has rated the stock with a Hold rating, According to data from MarketBeat, the company presently has a consensus rating of “Hold”.

Institutional Investors Weigh In On Permianville Royalty Trust

A number of large investors have recently bought and sold shares of PVL. Kestra Private Wealth Services LLC acquired a new stake in Permianville Royalty Trust in the third quarter worth $37,000. Citadel Advisors LLC boosted 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 purchasing an additional 40,428 shares during the last quarter. Susquehanna International Group LLP boosted its holdings 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 purchasing an additional 66,583 shares during the last quarter. Pingora Partners LLC boosted its holdings in Permianville Royalty Trust by 4.6% during the fourth quarter. Pingora Partners LLC now owns 950,410 shares of the company’s stock worth $1,701,000 after purchasing an additional 41,386 shares during the last quarter. Finally, Ashton Thomas Private Wealth LLC boosted its holdings in Permianville Royalty Trust by 0.5% during the third quarter. Ashton Thomas Private Wealth LLC now owns 1,553,904 shares of the company’s stock worth $2,848,000 after purchasing an additional 7,890 shares during the last quarter. 6.78% of the stock is currently owned by institutional investors and hedge funds.

Permianville Royalty Trust Stock Up 3.8%

Shares of PVL stock traded up $0.07 during trading hours on Monday, hitting $2.00. 91,481 shares of the company’s stock traded hands, compared to its average volume of 130,664. The stock’s 50 day simple moving average is $1.88 and its 200 day simple moving average is $1.82. The stock has a market cap of $66.13 million, a PE ratio of 13.36 and a beta of 0.11. Permianville Royalty Trust has a 12 month low of $1.47 and a 12 month high of $2.04.

Permianville Royalty Trust (NYSE:PVL) last announced its earnings results on Friday, May 15th. The company reported $0.04 earnings per share for the quarter, topping analysts’ consensus estimates of $0.02 by $0.02. Permianville Royalty Trust had a net margin of 10.38% and a return on equity of 12.30%. The business had revenue of $11.05 million during the quarter, compared to the consensus estimate of $8.90 million.

Permianville Royalty Trust Announces Dividend

The company also recently announced a monthly dividend, which was paid on Friday, May 15th. Investors of record on Thursday, April 30th were paid a dividend of $0.01 per share. This represents a c) dividend on an annualized basis and a yield of 6.0%. The ex-dividend date of this dividend was Thursday, April 30th. Permianville Royalty Trust’s dividend payout ratio (DPR) is currently 80.00%.

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.