Permianville Royalty Trust (PVL) To Go Ex-Dividend on July 31st

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

PVL traded up $0.03 during midday trading on Wednesday, reaching $1.72. 463 shares of the company were exchanged, compared to its average volume of 94,405. The company has a market cap of $56.76 million, a price-to-earnings ratio of 11.47 and a beta of 0.11. Permianville Royalty Trust has a one year low of $1.58 and a one year high of $2.04. The company’s fifty day moving average price is $1.78 and its 200 day moving average price is $1.81.

Permianville Royalty Trust (NYSE:PVL) last announced its earnings results on Friday, May 15th. The company reported $0.04 earnings per share (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 company had revenue of $11.05 million for the quarter, compared to analysts’ expectations of $8.90 million.

Analysts Set New Price Targets

Separately, Weiss Ratings raised shares of Permianville Royalty Trust from a “hold (c-)” rating to a “hold (c)” rating in a research note on Tuesday, July 21st. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Hold”.

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.