Permianville Royalty Trust (NYSE:PVL) Short Interest Update

Permianville Royalty Trust (NYSE:PVL) was the target of a significant growth in short interest in the month of September. As of September 15th, there was short interest totaling 94,362 shares, a growth of 145.4% from the August 31st total of 38,446 shares. Based on an average daily volume of 55,407 shares, the short-interest ratio is currently 1.7 days. Approximately 0.3% of the shares of the company are sold short.

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 Thursday, August 27th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat, Permianville Royalty Trust has a consensus rating of “Hold”.

Permianville Royalty Trust Stock Performance

Shares of PVL remained flat at $1.81 during trading hours on Monday. 105,062 shares of the company were exchanged, compared to its average volume of 86,141. The company has a market capitalization of $59.73 million, a P/E ratio of 10.65 and a beta of 0.13. The company’s 50-day simple moving average is $1.79 and its 200-day simple moving average is $1.82. Permianville Royalty Trust has a 52 week low of $1.58 and a 52 week high of $2.01.

Permianville Royalty Trust (NYSE:PVL) last posted its quarterly earnings results on Friday, August 14th. The company reported $0.03 EPS for the quarter, beating analysts’ consensus estimates of $0.01 by $0.02. Permianville Royalty Trust had a return on equity of 15.04% and a net margin of 11.30%.The business had revenue of $14.79 million for the quarter, compared to analysts’ expectations of $8.70 million.

Permianville Royalty Trust Cuts Dividend

The firm also recently announced a monthly dividend, which will be paid on Wednesday, October 14th. Investors of record on Wednesday, September 30th will be paid a dividend of $0.0160 per share. This is a drop from Permianville Royalty Trust’s previous monthly dividend of $0.0270. The ex-dividend date of this dividend is Wednesday, September 30th. This represents a $0.19 annualized dividend and a yield of 10.6%. Permianville Royalty Trust’s dividend payout ratio is 188.24%.

Institutional Inflows and Outflows

An institutional investor recently raised its stake in Permianville Royalty Trust stock. Pingora Partners LLC lifted its stake in Permianville Royalty Trust (NYSE:PVL) by 4.6% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 950,410 shares of the company’s stock after buying an additional 41,386 shares during the quarter. Permianville Royalty Trust makes up about 1.0% of Pingora Partners LLC’s investment portfolio, making the stock its 21st largest position. Pingora Partners LLC owned about 2.88% of Permianville Royalty Trust worth $1,701,000 as of its most recent filing with the SEC. Institutional investors own 6.78% of the company’s stock.

Permianville Royalty Trust Company Profile

Permianville Royalty Trust (NYSE: PVL) is a publicly traded grantor trust that owns royalty and net profits interests in oil and natural gas properties. Rather than operating wells directly, the trust receives distributions generated from the production and sale of hydrocarbons from its underlying interests, after applicable operating and other expenses.

The trust’s assets are primarily associated with properties in the Permian Basin of West Texas and southeastern New Mexico. Its interests provide exposure to crude oil, natural gas, and natural gas liquids produced from wells developed and operated by third-party exploration and production companies.

Permianville Royalty Trust was established as Enduro Royalty Trust and adopted its current name in 2018.