Permianville Royalty Trust (NYSE:PVL) Short Interest Up 78.2% in January

Permianville Royalty Trust (NYSE:PVL) was the target of a significant increase in short interest in January. As of January 30th, there was short interest totaling 23,741 shares, an increase of 78.2% from the January 15th total of 13,322 shares. Currently, 0.1% of the company’s shares are short sold. Based on an average daily trading volume, of 78,591 shares, the days-to-cover ratio is presently 0.3 days. Based on an average daily trading volume, of 78,591 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.1% of the company’s shares are short sold.

Hedge Funds Weigh In On Permianville Royalty Trust

A number of institutional investors have recently made changes to their positions in the business. Ashton Thomas Private Wealth LLC grew its position in shares of 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 worth $3,138,000 after buying an additional 167,616 shares in the last quarter. Kestra Private Wealth Services LLC bought a new position in Permianville Royalty Trust during the 3rd quarter valued at $37,000. Susquehanna International Group LLP grew 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 acquiring an additional 66,583 shares in the last quarter. Citadel Advisors LLC increased its position in shares of Permianville Royalty Trust by 326.0% in the 3rd 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. Finally, Clear Harbor Asset Management LLC acquired a new stake in shares of Permianville Royalty Trust in the 3rd quarter valued at about $81,000. 6.78% of the stock is owned by institutional investors and hedge funds.

Permianville Royalty Trust Price Performance

Permianville Royalty Trust stock traded down $0.00 during midday trading on Friday, hitting $1.74. 121,945 shares of the stock were exchanged, compared to its average volume of 66,861. Permianville Royalty Trust has a 1 year low of $1.30 and a 1 year high of $2.04. The firm has a market cap of $57.39 million, a P/E ratio of 24.84 and a beta of 0.20. The company has a 50 day moving average price of $1.79 and a two-hundred day moving average price of $1.83.

Permianville Royalty Trust (NYSE:PVL) last announced its earnings results on Friday, November 14th. The company reported $0.02 earnings per share for the quarter. Permianville Royalty Trust had a return on equity of 5.04% and a net margin of 4.44%.The company had revenue of $11.57 million during the quarter.

Permianville Royalty Trust Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Friday, February 13th. Shareholders of record on Friday, January 30th were paid a dividend of $0.015 per share. This represents a c) dividend on an annualized basis and a yield of 10.4%. The ex-dividend date was Friday, January 30th. Permianville Royalty Trust’s dividend payout ratio (DPR) is 257.14%.

Analyst Upgrades and Downgrades

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