Permianville Royalty Trust (NYSE:PVL) Posts Quarterly Earnings Results

Permianville Royalty Trust (NYSE:PVL) posted its earnings results on Monday. The company reported $0.08 earnings per share for the quarter, Zacks reports. The firm had revenue of $13.71 million during the quarter. Permianville Royalty Trust had a return on equity of 5.04% and a net margin of 4.44%.

Permianville Royalty Trust Price Performance

Shares of NYSE PVL traded up $0.00 during trading on Tuesday, hitting $1.85. 68,673 shares of the company were exchanged, compared to its average volume of 106,999. Permianville Royalty Trust has a 1 year low of $1.30 and a 1 year high of $2.04. The company has a market cap of $61.15 million, a price-to-earnings ratio of 26.34 and a beta of 0.20. The firm’s fifty day moving average price is $1.77 and its 200 day moving average price is $1.81.

Permianville Royalty Trust Increases Dividend

The firm also recently announced a monthly dividend, which will be paid on Tuesday, April 14th. Shareholders of record on Tuesday, March 31st will be issued a $0.01 dividend. This represents a c) dividend on an annualized basis and a yield of 6.5%. This is an increase from Permianville Royalty Trust’s previous monthly dividend of $0.01. The ex-dividend date of this dividend is Tuesday, March 31st. Permianville Royalty Trust’s dividend payout ratio is 171.43%.

Hedge Funds Weigh In On Permianville Royalty Trust

Several hedge funds have recently bought and sold shares of PVL. Kestra Private Wealth Services LLC acquired a new stake in Permianville Royalty Trust during the third quarter worth approximately $37,000. Citadel Advisors LLC lifted 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 purchasing an additional 40,428 shares during the period. Finally, Susquehanna International Group LLP lifted its stake in shares of Permianville Royalty Trust by 239.2% during the 3rd 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. 6.78% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “hold (c-)” rating on shares of Permianville Royalty Trust in a research note on Monday, December 29th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the company currently has a consensus 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.