Permianville Royalty Trust (PVL) to Issue Monthly Dividend of $0.02 on July 15th

Permianville Royalty Trust (NYSE:PVL) announced a monthly dividend on Tuesday, June 16th. Shareholders of record on Tuesday, June 30th will be given a dividend of 0.017 per share on Wednesday, July 15th. This represents a c) dividend on an annualized basis and a yield of 11.9%. The ex-dividend date is Tuesday, June 30th. This is a 21.4% increase from Permianville Royalty Trust’s previous monthly dividend of $0.01.

Permianville Royalty Trust Stock Up 0.3%

Shares of PVL stock opened at $1.72 on Friday. The stock has a market cap of $56.59 million, a P/E ratio of 11.43 and a beta of 0.11. Permianville Royalty Trust has a fifty-two week low of $1.61 and a fifty-two week high of $2.04. The business has a fifty day simple moving average of $1.87 and a 200-day simple moving average of $1.83.

Permianville Royalty Trust (NYSE:PVL) last issued its quarterly earnings data on Friday, May 15th. The company reported $0.04 EPS for the quarter, beating analysts’ consensus estimates of $0.02 by $0.02. The firm had revenue of $11.05 million for the quarter, compared to analysts’ expectations of $8.90 million. Permianville Royalty Trust had a net margin of 10.38% and a return on equity of 12.46%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Pingora Partners LLC lifted its holdings in shares of Permianville Royalty Trust by 4.6% during the 4th quarter. Pingora Partners LLC now owns 950,410 shares of the company’s stock worth $1,701,000 after acquiring an additional 41,386 shares during the period. Ashton Thomas Private Wealth LLC grew its holdings in Permianville Royalty Trust by 10.8% in the fourth 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 period. Kestra Private Wealth Services LLC acquired a new position in Permianville Royalty Trust during the third quarter worth approximately $37,000. Susquehanna International Group LLP raised its stake in Permianville Royalty Trust by 239.2% during the third quarter. Susquehanna International Group LLP now owns 94,421 shares of the company’s stock worth $171,000 after purchasing an additional 66,583 shares during the period. Finally, Citadel Advisors LLC raised its stake in Permianville Royalty Trust by 326.0% during the third quarter. Citadel Advisors LLC now owns 28,028 shares of the company’s stock worth $51,000 after purchasing an additional 40,428 shares during the period. Institutional investors and hedge funds own 6.78% of the company’s stock.

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.