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

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

Permianville Royalty Trust Price Performance

Shares of NYSE PVL traded up $0.03 during midday trading on Tuesday, hitting $1.88. The stock had a trading volume of 38,439 shares, compared to its average volume of 106,670. The firm has a market cap of $61.97 million, a P/E ratio of 26.83 and a beta of 0.20. Permianville Royalty Trust has a fifty-two week low of $1.30 and a fifty-two week high of $2.04. The company’s 50-day simple moving average is $1.77 and its 200 day simple moving average is $1.81.

Permianville Royalty Trust Increases Dividend

The company also recently announced a monthly dividend, which will be paid on Tuesday, April 14th. Stockholders of record on Tuesday, March 31st will be paid a $0.01 dividend. 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. This represents a c) annualized dividend and a dividend yield of 6.4%. Permianville Royalty Trust’s payout ratio is 171.43%.

Hedge Funds Weigh In On Permianville Royalty Trust

Hedge funds have recently added to or reduced their stakes in the company. Kestra Private Wealth Services LLC acquired a new stake in Permianville Royalty Trust in the third quarter worth about $37,000. Susquehanna International Group LLP boosted its stake in shares of Permianville Royalty Trust by 239.2% in the 3rd 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 during the last quarter. Finally, Citadel Advisors LLC grew its position 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 buying an additional 40,428 shares during the period. Institutional investors own 6.78% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed 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.com, the stock 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.