Permianville Royalty Trust (PVL) to Distribute Monthly Dividend of $0.01 on August 14th

Permianville Royalty Trust (NYSE:PVL) declared a monthly dividend on Friday, July 17th. Shareholders of record on Friday, July 31st will be given a dividend of 0.015 per share on Friday, August 14th. This represents a c) annualized dividend and a yield of 10.5%. The ex-dividend date of this dividend is Friday, July 31st.

Permianville Royalty Trust Stock Performance

Shares of PVL traded up $0.03 during mid-day trading on Wednesday, reaching $1.72. 669 shares of the company’s stock traded hands, compared to its average volume of 94,406. The business’s 50-day moving average price is $1.78 and its 200-day moving average price is $1.81. The stock has a market capitalization of $56.69 million, a P/E ratio of 11.45 and a beta of 0.11. Permianville Royalty Trust has a 12 month low of $1.58 and a 12 month high of $2.04.

Permianville Royalty Trust (NYSE:PVL) last posted its earnings results on Friday, May 15th. The company reported $0.04 EPS for the quarter, beating the consensus estimate of $0.02 by $0.02. Permianville Royalty Trust had a return on equity of 12.46% and a net margin of 10.38%.The firm had revenue of $11.05 million for the quarter, compared to analysts’ expectations of $8.90 million.

Institutional Investors Weigh In On Permianville Royalty Trust

Hedge funds and other institutional investors have recently bought and sold shares of the business. Kestra Private Wealth Services LLC purchased a new stake in shares of Permianville Royalty Trust in the 3rd quarter valued at approximately $37,000. Citadel Advisors LLC raised its stake in Permianville Royalty Trust by 326.0% during the 3rd 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 during the period. Susquehanna International Group LLP raised its stake 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 valued at $171,000 after purchasing an additional 66,583 shares during the period. Pingora Partners LLC lifted its holdings in shares of 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 purchasing an additional 41,386 shares in the last quarter. Finally, Ashton Thomas Private Wealth LLC lifted its holdings in shares of Permianville Royalty Trust by 10.8% in 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 in the last quarter. 6.78% of the stock is currently owned by institutional investors.

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.