Permianville Royalty Trust (NYSE:PVL) Major Shareholder Permianville Holdings Llc Sells 36,000 Shares of Stock

Permianville Royalty Trust (NYSE:PVLGet Rating) major shareholder Permianville Holdings Llc sold 36,000 shares of the company’s stock in a transaction that occurred on Tuesday, January 17th. The stock was sold at an average price of $3.06, for a total value of $110,160.00. Following the completion of the sale, the insider now directly owns 7,978,534 shares of the company’s stock, valued at approximately $24,414,314.04. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Large shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.

Permianville Holdings Llc also recently made the following trade(s):

  • On Thursday, January 12th, Permianville Holdings Llc sold 900 shares of Permianville Royalty Trust stock. The shares were sold at an average price of $3.00, for a total value of $2,700.00.
  • On Monday, January 9th, Permianville Holdings Llc sold 12,003 shares of Permianville Royalty Trust stock. The shares were sold at an average price of $3.01, for a total value of $36,129.03.
  • On Thursday, January 5th, Permianville Holdings Llc sold 21,500 shares of Permianville Royalty Trust stock. The shares were sold at an average price of $3.05, for a total value of $65,575.00.
  • On Tuesday, January 3rd, Permianville Holdings Llc sold 18,500 shares of Permianville Royalty Trust stock. The shares were sold at an average price of $3.10, for a total value of $57,350.00.
  • On Monday, November 7th, Permianville Holdings Llc sold 2,100 shares of Permianville Royalty Trust stock. The shares were sold at an average price of $3.75, for a total value of $7,875.00.
  • On Friday, November 4th, Permianville Holdings Llc sold 12,240 shares of Permianville Royalty Trust stock. The shares were sold at an average price of $3.76, for a total value of $46,022.40.
  • On Wednesday, November 2nd, Permianville Holdings Llc sold 26,500 shares of Permianville Royalty Trust stock. The shares were sold at an average price of $3.77, for a total value of $99,905.00.
  • On Monday, October 31st, Permianville Holdings Llc sold 26,000 shares of Permianville Royalty Trust stock. The shares were sold at an average price of $3.79, for a total value of $98,540.00.
  • On Friday, October 28th, Permianville Holdings Llc sold 27,500 shares of Permianville Royalty Trust stock. The shares were sold at an average price of $3.83, for a total value of $105,325.00.
  • On Wednesday, October 26th, Permianville Holdings Llc sold 25,000 shares of Permianville Royalty Trust stock. The shares were sold at an average price of $3.81, for a total value of $95,250.00.

Permianville Royalty Trust Trading Down 2.9 %

PVL opened at $3.01 on Wednesday. The stock has a fifty day simple moving average of $3.29 and a two-hundred day simple moving average of $3.39. Permianville Royalty Trust has a 12-month low of $2.11 and a 12-month high of $5.79.

Permianville Royalty Trust (NYSE:PVLGet Rating) last posted its quarterly earnings data on Monday, November 14th. The company reported $0.09 earnings per share (EPS) for the quarter. The business had revenue of $17.12 million during the quarter. Permianville Royalty Trust had a return on equity of 17.75% and a net margin of 23.85%.

Permianville Royalty Trust Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Tuesday, January 17th. Shareholders of record on Friday, December 30th were issued a $0.058 dividend. This is an increase from Permianville Royalty Trust’s previous monthly dividend of $0.05. The ex-dividend date of this dividend was Thursday, December 29th. This represents a $0.70 dividend on an annualized basis and a yield of 23.12%.

Institutional Investors Weigh In On Permianville Royalty Trust

A number of institutional investors have recently modified their holdings of PVL. Virtu Financial LLC purchased a new stake in shares of Permianville Royalty Trust in the first quarter worth $171,000. Dorsey Wright & Associates purchased a new stake in shares of Permianville Royalty Trust in the second quarter worth $32,000. Sinecera Capital LLC purchased a new stake in shares of Permianville Royalty Trust in the second quarter worth $1,536,000. Avidian Wealth Solutions LLC purchased a new stake in shares of Permianville Royalty Trust in the second quarter worth $38,000. Finally, AE Wealth Management LLC purchased a new stake in shares of Permianville Royalty Trust in the second quarter worth $312,000.

Permianville Royalty Trust Company Profile

(Get Rating)

Permianville Royalty Trust operates as a statutory trust. It owns a net profits interest representing the right to receive 80% of the net profits from the sale of oil and natural gas production from properties located in the states of Texas, Louisiana, and New Mexico. The company was formerly known as Enduro Royalty Trust and changed its name to Permianville Royalty Trust in September 2018.

Recommended Stories

Insider Buying and Selling by Quarter for Permianville Royalty Trust (NYSE:PVL)

Receive News & Ratings for Permianville Royalty Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Permianville Royalty Trust and related companies with MarketBeat.com's FREE daily email newsletter.