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

Permianville Royalty Trust (NYSE:PVL) was the recipient of a large drop in short interest in April. As of April 30th, there was short interest totaling 75,195 shares, a drop of 42.0% from the April 15th total of 129,730 shares. Based on an average trading volume of 117,841 shares, the short-interest ratio is currently 0.6 days. Currently, 0.2% of the company’s shares are sold short.

Institutional Trading of Permianville Royalty Trust

Several large investors have recently made changes to their positions in the company. Ashton Thomas Private Wealth LLC boosted its stake in Permianville Royalty Trust by 10.8% during 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 purchasing an additional 167,616 shares during the last quarter. Pingora Partners LLC boosted its stake in Permianville Royalty Trust by 4.6% during the 4th quarter. Pingora Partners LLC now owns 950,410 shares of the company’s stock valued at $1,701,000 after purchasing an additional 41,386 shares during the last quarter. Susquehanna International Group LLP boosted its stake 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 valued at $171,000 after purchasing an additional 66,583 shares during the last quarter. Citadel Advisors LLC boosted its stake in Permianville Royalty Trust by 326.0% during the 3rd 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 last quarter. Finally, Kestra Private Wealth Services LLC acquired a new position in Permianville Royalty Trust during the 3rd quarter valued at about $37,000. 6.78% of the stock is currently owned by institutional investors and hedge funds.

Permianville Royalty Trust Price Performance

Shares of PVL traded up $0.07 during trading hours on Monday, hitting $2.00. The stock had a trading volume of 91,481 shares, compared to its average volume of 130,664. The firm has a 50 day simple moving average of $1.88 and a 200-day simple moving average of $1.82. The firm has a market capitalization of $66.13 million, a P/E ratio of 13.36 and a beta of 0.11. Permianville Royalty Trust has a 1-year low of $1.47 and a 1-year high of $2.04.

Permianville Royalty Trust (NYSE:PVL) last issued its earnings results on Friday, May 15th. The company reported $0.04 EPS for the quarter, beating the consensus estimate of $0.02 by $0.02. The company had revenue of $11.05 million during the quarter, compared to the consensus estimate of $8.90 million. Permianville Royalty Trust had a return on equity of 12.30% and a net margin of 10.38%.

Permianville Royalty Trust Announces Dividend

The company also recently announced a monthly dividend, which was paid on Friday, May 15th. Stockholders of record on Thursday, April 30th were paid a $0.01 dividend. The ex-dividend date was Thursday, April 30th. This represents a c) annualized dividend and a dividend yield of 6.0%. Permianville Royalty Trust’s dividend payout ratio (DPR) is currently 80.00%.

Wall Street Analyst Weigh In

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