Short Interest in Permianville Royalty Trust (NYSE:PVL) Expands By 38.8%

Permianville Royalty Trust (NYSE:PVL) was the recipient of a large increase in short interest in the month of March. As of March 13th, there was short interest totaling 36,234 shares, an increase of 38.8% from the February 26th total of 26,114 shares. Based on an average trading volume of 182,421 shares, the short-interest ratio is presently 0.2 days. Approximately 0.1% of the company’s shares are sold short.

Institutional Investors Weigh In On Permianville Royalty Trust

A number of institutional investors and hedge funds have recently made changes to their positions in PVL. Kestra Private Wealth Services LLC bought a new stake in Permianville Royalty Trust during the 3rd quarter worth approximately $37,000. Citadel Advisors LLC lifted its holdings in shares of Permianville Royalty Trust by 326.0% in 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 in the last quarter. Clear Harbor Asset Management LLC purchased a new position in shares of Permianville Royalty Trust during the third quarter valued at approximately $81,000. Susquehanna International Group LLP boosted its position in shares of 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 buying an additional 66,583 shares during the last quarter. Finally, Pingora Partners LLC grew its holdings in Permianville Royalty Trust by 4.6% during the fourth quarter. Pingora Partners LLC now owns 950,410 shares of the company’s stock worth $1,701,000 after buying an additional 41,386 shares in the last quarter. Institutional investors and hedge funds own 6.78% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “hold (c-)” rating on shares of Permianville Royalty Trust in a research note on Friday. One analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, Permianville Royalty Trust presently has an average rating of “Hold”.

Permianville Royalty Trust Stock Up 0.8%

Shares of NYSE PVL opened at $1.90 on Tuesday. The firm has a market cap of $62.54 million, a PE ratio of 17.23 and a beta of 0.20. Permianville Royalty Trust has a 12-month low of $1.30 and a 12-month high of $2.04. The company’s fifty day simple moving average is $1.79 and its 200 day simple moving average is $1.81.

Permianville Royalty Trust (NYSE:PVL) last announced its quarterly earnings data on Monday, March 23rd. The company reported $0.08 earnings per share for the quarter, beating the consensus estimate of $0.02 by $0.06. The firm had revenue of $13.71 million for the quarter, compared to analyst estimates of $8.90 million. Permianville Royalty Trust had a net margin of 7.47% and a return on equity of 8.63%.

Permianville Royalty Trust Increases Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, April 14th. Shareholders of record on Tuesday, March 31st will be paid a $0.01 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 6.3%. This is a positive change from Permianville Royalty Trust’s previous monthly dividend of $0.01. The ex-dividend date of this dividend is Tuesday, March 31st. Permianville Royalty Trust’s payout ratio is 54.55%.

Permianville Royalty Trust Company Profile

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.