Permianville Royalty Trust (NYSE:PVL) Short Interest Update

Permianville Royalty Trust (NYSE:PVL) was the target of a large drop in short interest in the month of February. As of February 13th, there was short interest totaling 13,389 shares, a drop of 43.6% from the January 29th total of 23,741 shares. Based on an average daily trading volume, of 67,325 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.0% of the company’s shares are short sold. Currently, 0.0% of the company’s shares are short sold. Based on an average daily trading volume, of 67,325 shares, the days-to-cover ratio is currently 0.2 days.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated 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, Based on data from MarketBeat, Permianville Royalty Trust currently has a consensus rating of “Hold”.

Institutional Trading of Permianville Royalty Trust

Hedge funds and other institutional investors have recently modified their holdings of the business. Pingora Partners LLC increased its stake in shares of Permianville Royalty Trust by 4.6% in 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 in the last quarter. 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 worth $3,138,000 after purchasing an additional 167,616 shares during the period. Kestra Private Wealth Services LLC purchased a new stake in Permianville Royalty Trust in the third quarter worth about $37,000. Susquehanna International Group LLP increased its stake 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 purchasing an additional 66,583 shares in the last quarter. Finally, Citadel Advisors LLC lifted its holdings in shares of Permianville Royalty Trust by 326.0% during 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 during the last quarter. 6.78% of the stock is owned by hedge funds and other institutional investors.

Permianville Royalty Trust Trading Up 0.9%

Shares of PVL stock traded up $0.02 during midday trading on Friday, reaching $1.64. 155,107 shares of the stock were exchanged, compared to its average volume of 81,072. Permianville Royalty Trust has a 1 year low of $1.30 and a 1 year high of $2.04. The firm has a market cap of $53.96 million, a PE ratio of 23.36 and a beta of 0.20. The company’s 50 day moving average is $1.77 and its two-hundred day moving average is $1.83.

Permianville Royalty Trust Cuts Dividend

The company also recently disclosed a monthly dividend, which will be paid on Friday, March 13th. Shareholders of record on Monday, March 2nd will be issued a $0.005 dividend. The ex-dividend date is Monday, March 2nd. This represents a c) dividend on an annualized basis and a yield of 3.7%. Permianville Royalty Trust’s dividend payout ratio is 257.14%.

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.