Permianville Royalty Trust (NYSE:PVL) Sees Significant Decrease in Short Interest

Permianville Royalty Trust (NYSE:PVL) saw a large drop in short interest during 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. Approximately 0.0% of the shares of the company are short sold. Based on an average daily volume of 67,325 shares, the short-interest ratio is currently 0.2 days. Based on an average daily volume of 67,325 shares, the short-interest ratio is currently 0.2 days. Approximately 0.0% of the shares of the company are short sold.

Permianville Royalty Trust Trading Up 4.3%

NYSE PVL traded up $0.07 on Monday, reaching $1.70. The company’s stock had a trading volume of 215,463 shares, compared to its average volume of 94,679. Permianville Royalty Trust has a 52 week low of $1.30 and a 52 week high of $2.04. The firm has a market cap of $56.10 million, a PE ratio of 24.29 and a beta of 0.20. The business has a 50-day moving average price of $1.77 and a 200 day moving average price of $1.83.

Permianville Royalty Trust Cuts Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, March 13th. Investors of record on Monday, March 2nd will be paid a $0.005 dividend. The ex-dividend date of this dividend is Monday, March 2nd. This represents a c) annualized dividend and a yield of 3.5%. Permianville Royalty Trust’s payout ratio is currently 85.71%.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Clear Harbor Asset Management LLC acquired a new stake in shares of Permianville Royalty Trust in the 3rd quarter valued at $81,000. Ashton Thomas Private Wealth LLC increased its position in shares of 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 worth $2,848,000 after purchasing an additional 7,890 shares in the last quarter. Citadel Advisors LLC lifted its holdings 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 boosted its position in Permianville Royalty Trust by 239.2% in the third quarter. Susquehanna International Group LLP now owns 94,421 shares of the company’s stock valued at $171,000 after buying an additional 66,583 shares in the last quarter. Finally, Kestra Private Wealth Services LLC bought a new stake in Permianville Royalty Trust during the third quarter worth about $37,000. 6.78% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed 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, the company currently has a consensus rating of “Hold”.

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.