Permianville Royalty Trust (NYSE:PVL) Short Interest Update

Permianville Royalty Trust (NYSE:PVL) was the recipient of a significant growth in short interest in February. As of February 27th, there was short interest totaling 26,114 shares, a growth of 95.0% from the February 12th total of 13,389 shares. Based on an average daily trading volume, of 105,355 shares, the short-interest ratio is presently 0.2 days. Currently, 0.1% of the company’s stock are sold short. Currently, 0.1% of the company’s stock are sold short. Based on an average daily trading volume, of 105,355 shares, the short-interest ratio is presently 0.2 days.

Permianville Royalty Trust Stock Performance

NYSE:PVL traded down $0.03 during trading hours on Friday, reaching $1.81. The company’s stock had a trading volume of 150,121 shares, compared to its average volume of 137,210. The firm has a 50-day simple moving average of $1.77 and a 200-day simple moving average of $1.82. Permianville Royalty Trust has a 1 year low of $1.30 and a 1 year high of $2.04. The firm has a market capitalization of $59.70 million, a price-to-earnings ratio of 25.84 and a beta of 0.20.

Permianville Royalty Trust Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Friday, March 13th. Shareholders of record on Monday, March 2nd were given a $0.005 dividend. This represents a c) annualized dividend and a yield of 3.3%. The ex-dividend date of this dividend was Monday, March 2nd. Permianville Royalty Trust’s dividend payout ratio (DPR) is presently 85.71%.

Institutional Trading of Permianville Royalty Trust

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Ashton Thomas Private Wealth LLC grew its holdings in shares of Permianville Royalty Trust by 0.5% in the third quarter. Ashton Thomas Private Wealth LLC now owns 1,553,904 shares of the company’s stock valued at $2,848,000 after purchasing an additional 7,890 shares in the last quarter. Kestra Private Wealth Services LLC purchased a new stake in Permianville Royalty Trust during the third quarter worth $37,000. Citadel Advisors LLC raised its stake in shares of Permianville Royalty Trust by 326.0% during the 3rd quarter. Citadel Advisors LLC now owns 28,028 shares of the company’s stock worth $51,000 after acquiring an additional 40,428 shares in the last quarter. Pingora Partners LLC increased 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 in the last quarter. Finally, Clear Harbor Asset Management LLC purchased a new position in shares of Permianville Royalty Trust during the 3rd quarter valued at about $81,000. Institutional investors own 6.78% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “hold (c-)” rating on shares of Permianville Royalty Trust in a report on Monday, December 29th. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, Permianville Royalty Trust has an average rating of “Hold”.

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.