Permianville Royalty Trust (PVL) Expected to Post Quarterly Earnings on Thursday

Permianville Royalty Trust (NYSE:PVL) will likely be posting its results after the market closes on Thursday, August 13th. Analysts expect Permianville Royalty Trust to post earnings of $0.01 per share and revenue of $8.70 million for the quarter.

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

Permianville Royalty Trust Stock Up 1.2%

Permianville Royalty Trust stock opened at $1.75 on Tuesday. The company has a market capitalization of $57.75 million, a PE ratio of 11.67 and a beta of 0.12. The firm has a fifty day simple moving average of $1.75 and a two-hundred day simple moving average of $1.81. Permianville Royalty Trust has a twelve month low of $1.58 and a twelve month high of $2.04.

Permianville Royalty Trust Cuts Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, August 14th. Stockholders of record on Friday, July 31st will be paid a dividend of $0.015 per share. This represents a c) dividend on an annualized basis and a dividend yield of 10.3%. The ex-dividend date of this dividend is Friday, July 31st. Permianville Royalty Trust’s dividend payout ratio (DPR) is 120.00%.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings upgraded Permianville Royalty Trust from a “hold (c-)” rating to a “hold (c)” rating in a report on Tuesday, July 21st. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat, the stock currently has a consensus rating of “Hold”.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Susquehanna International Group LLP increased its stake in shares of Permianville Royalty Trust by 239.2% in the third quarter. Susquehanna International Group LLP now owns 94,421 shares of the company’s stock worth $171,000 after buying an additional 66,583 shares during the period. Citadel Advisors LLC boosted its position in Permianville Royalty Trust by 326.0% during the 3rd quarter. Citadel Advisors LLC now owns 28,028 shares of the company’s stock valued at $51,000 after buying an additional 40,428 shares during the period. Finally, Kestra Private Wealth Services LLC purchased a new stake in Permianville Royalty Trust during the 3rd quarter valued at $37,000. Institutional investors own 6.78% of the company’s stock.

About Permianville Royalty Trust

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.