Permianville Royalty Trust (NYSE:PVL) Releases Earnings Results

Permianville Royalty Trust (NYSE:PVL) announced its earnings results on Friday. The company reported $0.04 earnings per share for the quarter, topping analysts’ consensus estimates 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%

NYSE PVL traded up $0.06 during trading on Friday, reaching $1.97. 54,210 shares of the stock traded hands, compared to its average volume of 131,286. The firm has a market cap of $65.04 million, a price-to-earnings ratio of 17.92 and a beta of 0.11. The stock’s 50-day moving average price is $1.87 and its 200 day moving average price is $1.82. Permianville Royalty Trust has a fifty-two week low of $1.47 and a fifty-two week high of $2.04.

Permianville Royalty Trust Announces Dividend

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

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of PVL. Kestra Private Wealth Services LLC acquired a new position in Permianville Royalty Trust during the third quarter valued at approximately $37,000. Citadel Advisors LLC grew its holdings in Permianville Royalty Trust by 326.0% during the third 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. Finally, Susquehanna International Group LLP grew its holdings in Permianville Royalty Trust by 239.2% during the third 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. Institutional investors and hedge funds own 6.78% of the company’s stock.

Wall Street Analyst Weigh In

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