Permianville Royalty Trust (NYSE:PVL) Sees Large Decrease in Short Interest

Permianville Royalty Trust (NYSE:PVL) was the target of a large decrease in short interest in the month of June. As of June 30th, there was short interest totaling 6,933 shares, a decrease of 64.9% from the June 15th total of 19,735 shares. Based on an average trading volume of 92,272 shares, the short-interest ratio is currently 0.1 days. Currently, 0.0% of the shares of the company are short sold.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of PVL. Ashton Thomas Private Wealth LLC raised its position in shares of Permianville Royalty Trust by 10.8% in the 4th quarter. Ashton Thomas Private Wealth LLC now owns 1,721,520 shares of the company’s stock valued at $3,138,000 after buying an additional 167,616 shares in the last quarter. Pingora Partners LLC raised its holdings in shares of Permianville Royalty Trust by 4.6% during the 4th quarter. Pingora Partners LLC now owns 950,410 shares of the company’s stock worth $1,701,000 after buying an additional 41,386 shares in the last quarter. Susquehanna International Group LLP raised its holdings in shares of 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 buying an additional 66,583 shares in the last quarter. Citadel Advisors LLC lifted its position in shares of Permianville Royalty Trust by 326.0% during the 3rd quarter. Citadel Advisors LLC now owns 28,028 shares of the company’s stock worth $51,000 after buying an additional 40,428 shares during the last quarter. Finally, Kestra Private Wealth Services LLC bought a new stake in shares of Permianville Royalty Trust during the 3rd quarter worth $37,000. Institutional investors and hedge funds own 6.78% of the company’s stock.

Permianville Royalty Trust Stock Performance

Permianville Royalty Trust stock remained flat at $1.72 during trading hours on Tuesday. 37,604 shares of the company’s stock traded hands, compared to its average volume of 72,246. The business’s 50 day moving average is $1.83 and its 200-day moving average is $1.82. The stock has a market capitalization of $56.76 million, a price-to-earnings ratio of 11.47 and a beta of 0.11. Permianville Royalty Trust has a 52-week low of $1.58 and a 52-week high of $2.04.

Permianville Royalty Trust (NYSE:PVL) last issued its quarterly earnings data on Friday, May 15th. The company reported $0.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.02 by $0.02. The company had revenue of $11.05 million during 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%.

Permianville Royalty Trust Increases Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th will be paid a $0.017 dividend. This is a positive change from Permianville Royalty Trust’s previous monthly dividend of $0.01. The ex-dividend date is Tuesday, June 30th. This represents a c) annualized dividend and a yield of 11.9%. Permianville Royalty Trust’s dividend payout ratio is presently 133.33%.

Analysts Set New Price Targets

Separately, Weiss Ratings downgraded shares of Permianville Royalty Trust from a “hold (c)” rating to a “hold (c-)” rating in a report on Wednesday, June 24th. One analyst has rated the stock with a Hold rating, According to MarketBeat.com, the stock presently has a consensus 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.