Permianville Royalty Trust (NYSE:PVL) Issues Quarterly Earnings Results

Permianville Royalty Trust (NYSE:PVL) posted its quarterly earnings data on Monday. The company reported $0.08 EPS for the quarter, Zacks reports. The company had revenue of $13.71 million during the quarter. Permianville Royalty Trust had a net margin of 4.44% and a return on equity of 5.04%.

Permianville Royalty Trust Stock Performance

Shares of NYSE PVL remained flat at $1.85 during trading on Tuesday. The stock had a trading volume of 40,953 shares, compared to its average volume of 106,999. The firm has a market capitalization of $61.05 million, a PE ratio of 26.43 and a beta of 0.20. Permianville Royalty Trust has a 1-year low of $1.30 and a 1-year high of $2.04. The stock has a 50 day simple moving average of $1.77 and a 200 day simple moving average of $1.81.

Permianville Royalty Trust Increases Dividend

The company also recently announced a monthly dividend, which will be paid on Tuesday, April 14th. Stockholders of record on Tuesday, March 31st will be given a $0.01 dividend. This represents a c) annualized dividend and a dividend yield of 6.5%. The ex-dividend date is Tuesday, March 31st. This is a positive change from Permianville Royalty Trust’s previous monthly dividend of $0.01. Permianville Royalty Trust’s payout ratio is 171.43%.

Institutional Trading of Permianville Royalty Trust

Several institutional investors have recently added to or reduced their stakes in PVL. Kestra Private Wealth Services LLC acquired a new position in Permianville Royalty Trust during the 3rd quarter worth $37,000. Citadel Advisors LLC raised its stake in shares of Permianville Royalty Trust by 326.0% during the third 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 in the last quarter. Finally, Susquehanna International Group LLP lifted its holdings in Permianville Royalty Trust by 239.2% in 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 period. Institutional investors own 6.78% of the company’s stock.

Analyst Ratings Changes

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

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.