Permianville Royalty Trust (NYSE:PVL) Announces Quarterly Earnings Results

Permianville Royalty Trust (NYSE:PVL) announced its quarterly earnings results on Friday. The company reported $0.04 EPS for the quarter, beating the consensus estimate of $0.02 by $0.02, Zacks reports. Permianville Royalty Trust had a net margin of 7.47% and a return on equity of 8.63%.

Permianville Royalty Trust Stock Up 3.2%

Shares of NYSE PVL traded up $0.06 during mid-day trading on Friday, reaching $1.97. 54,210 shares of the company were exchanged, compared to its average volume of 110,907. Permianville Royalty Trust has a 52 week low of $1.47 and a 52 week high of $2.04. The stock has a market capitalization of $65.04 million, a PE ratio of 17.92 and a beta of 0.11. The company’s 50 day moving average price is $1.87 and its 200 day moving average price is $1.82.

Permianville Royalty Trust Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Friday, May 15th. Stockholders of record on Thursday, April 30th will be issued a dividend of $0.01 per share. This represents a c) dividend on an annualized basis and a dividend yield of 6.1%. The ex-dividend date of this dividend is Thursday, April 30th. Permianville Royalty Trust’s payout ratio is currently 109.09%.

Institutional Trading of Permianville Royalty Trust

Several hedge funds have recently added to or reduced their stakes in the business. Kestra Private Wealth Services LLC bought a new stake in Permianville Royalty Trust in the third quarter worth $37,000. Citadel Advisors LLC lifted its stake in Permianville Royalty Trust by 326.0% in the third 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, Susquehanna International Group LLP lifted its stake 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 worth $171,000 after purchasing an additional 66,583 shares during the last quarter. 6.78% of the stock is owned by institutional investors.

Analyst Ratings Changes

Separately, Weiss Ratings raised shares of Permianville Royalty Trust from a “hold (c-)” rating to a “hold (c)” rating in a report on Wednesday, April 29th. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, Permianville Royalty Trust presently 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.