Permianville Royalty Trust (NYSE:PVL) Increases Dividend to $0.01 Per Share

Permianville Royalty Trust (NYSE:PVL) declared a monthly dividend on Monday, May 18th. Shareholders of record on Friday, May 29th will be given a dividend of 0.014 per share on Friday, June 12th. This represents a c) annualized dividend and a dividend yield of 8.4%. The ex-dividend date of this dividend is Friday, May 29th. This is a 40.0% increase from Permianville Royalty Trust’s previous monthly dividend of $0.01.

Permianville Royalty Trust Stock Performance

PVL stock opened at $2.00 on Tuesday. The company has a market capitalization of $66.13 million, a PE ratio of 13.36 and a beta of 0.11. Permianville Royalty Trust has a one year low of $1.47 and a one year high of $2.04. The company’s 50 day moving average price is $1.88 and its two-hundred day moving average price is $1.82.

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

Institutional Trading of Permianville Royalty Trust

Large investors have recently added to or reduced their stakes in the stock. Kestra Private Wealth Services LLC bought a new stake in Permianville Royalty Trust in the third quarter valued at $37,000. Citadel Advisors LLC boosted its holdings in Permianville Royalty Trust by 326.0% in the third quarter. Citadel Advisors LLC now owns 28,028 shares of the company’s stock valued at $51,000 after acquiring an additional 40,428 shares in the last quarter. Susquehanna International Group LLP boosted 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 valued at $171,000 after acquiring an additional 66,583 shares in the last quarter. Pingora Partners LLC boosted its holdings in Permianville Royalty Trust by 4.6% in the fourth quarter. Pingora Partners LLC now owns 950,410 shares of the company’s stock valued at $1,701,000 after acquiring an additional 41,386 shares in the last quarter. Finally, Ashton Thomas Private Wealth LLC boosted its holdings in shares of Permianville Royalty Trust by 0.5% during the 3rd quarter. Ashton Thomas Private Wealth LLC now owns 1,553,904 shares of the company’s stock valued at $2,848,000 after buying an additional 7,890 shares in the last quarter. Institutional investors own 6.78% of the company’s stock.

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.