Permianville Royalty Trust (PVL) to Issue Monthly Dividend of $0.02 on July 15th

Permianville Royalty Trust (NYSE:PVL) declared a monthly dividend on Tuesday, June 16th. Investors of record on Tuesday, June 30th will be given a dividend of 0.017 per share on Wednesday, July 15th. This represents a c) dividend on an annualized basis and a yield of 11.9%. The ex-dividend date is Tuesday, June 30th. This is a 21.4% increase from Permianville Royalty Trust’s previous monthly dividend of $0.01.

Permianville Royalty Trust Price Performance

Permianville Royalty Trust stock opened at $1.72 on Friday. Permianville Royalty Trust has a 12 month low of $1.61 and a 12 month high of $2.04. The company has a fifty day moving average price of $1.87 and a two-hundred day moving average price of $1.83. The company has a market cap of $56.59 million, a PE ratio of 11.43 and a beta of 0.11.

Permianville Royalty Trust (NYSE:PVL) last announced its quarterly 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. The business had revenue of $11.05 million for the quarter, compared to analysts’ expectations of $8.90 million. Permianville Royalty Trust had a return on equity of 12.46% and a net margin of 10.38%.

Institutional Trading of Permianville Royalty Trust

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Kestra Private Wealth Services LLC acquired a new stake in Permianville Royalty Trust during the third quarter worth $37,000. Citadel Advisors LLC increased its holdings in shares of 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 purchasing an additional 40,428 shares in the last quarter. Susquehanna International Group LLP raised its holdings 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 during the last quarter. Pingora Partners LLC boosted 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 worth $1,701,000 after purchasing an additional 41,386 shares during the last quarter. Finally, Ashton Thomas Private Wealth LLC grew its holdings in Permianville Royalty Trust by 10.8% during the fourth quarter. Ashton Thomas Private Wealth LLC now owns 1,721,520 shares of the company’s stock valued at $3,138,000 after purchasing an additional 167,616 shares during the period. Institutional investors and hedge funds 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.