Permianville Royalty Trust (NYSE:PVL) Short Interest Update

Permianville Royalty Trust (NYSE:PVL) saw a large increase in short interest in January. As of January 30th, there was short interest totaling 23,741 shares, an increase of 78.2% from the January 15th total of 13,322 shares. Approximately 0.1% of the shares of the stock are short sold. Based on an average daily trading volume, of 78,591 shares, the short-interest ratio is presently 0.3 days. Based on an average daily trading volume, of 78,591 shares, the short-interest ratio is presently 0.3 days. Approximately 0.1% of the shares of the stock are short sold.

Hedge Funds Weigh In On Permianville Royalty Trust

A number of hedge funds have recently modified their holdings of the company. Clear Harbor Asset Management LLC purchased a new stake in shares of Permianville Royalty Trust during the third quarter worth about $81,000. Ashton Thomas Private Wealth LLC raised its position in Permianville Royalty Trust by 0.5% during the 3rd 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 during the last quarter. Citadel Advisors LLC raised 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 purchasing an additional 40,428 shares during the last quarter. Susquehanna International Group LLP lifted its holdings in Permianville Royalty Trust by 239.2% in the 3rd 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. Finally, Kestra Private Wealth Services LLC purchased a new stake in Permianville Royalty Trust in the 3rd quarter worth approximately $37,000. Hedge funds and other institutional investors own 6.78% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Permianville Royalty Trust Stock Down 0.1%

Shares of NYSE PVL traded down $0.00 during midday trading on Friday, reaching $1.74. The company had a trading volume of 121,945 shares, compared to its average volume of 66,861. The stock has a market cap of $57.39 million, a PE ratio of 24.84 and a beta of 0.20. Permianville Royalty Trust has a one year low of $1.30 and a one year high of $2.04. The firm’s fifty day moving average price is $1.79 and its 200-day moving average price is $1.83.

Permianville Royalty Trust (NYSE:PVL) last announced its quarterly earnings results on Friday, November 14th. The company reported $0.02 EPS for the quarter. The business had revenue of $11.57 million for the quarter. Permianville Royalty Trust had a return on equity of 5.04% and a net margin of 4.44%.

Permianville Royalty Trust Cuts Dividend

The company also recently declared a monthly dividend, which will be paid on Friday, February 13th. Shareholders of record on Friday, January 30th will be given a dividend of $0.015 per share. The ex-dividend date of this dividend is Friday, January 30th. This represents a c) annualized dividend and a yield of 10.4%. Permianville Royalty Trust’s dividend payout ratio is presently 257.14%.

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.