Permianville Royalty Trust (NYSE:PVL) Shares Down 0.6% – Time to Sell?

Shares of Permianville Royalty Trust (NYSE:PVL) fell 0.6% on Thursday . The company traded as low as $1.78 and last traded at $1.79. Approximately 61,562 shares traded hands during mid-day trading, a decline of 2% from the average session volume of 63,047 shares. The stock had previously closed at $1.80.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings raised Permianville Royalty Trust from a “hold (c-)” rating to a “hold (c)” rating in a report on Wednesday, April 29th. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the stock presently has an average rating of “Hold”.

Permianville Royalty Trust Trading Down 0.6%

The firm’s fifty day moving average price is $1.89 and its 200 day moving average price is $1.83. The firm has a market capitalization of $59.07 million, a PE ratio of 11.93 and a beta of 0.11.

Permianville Royalty Trust (NYSE:PVL) last released its quarterly earnings data on Friday, May 15th. The company reported $0.04 earnings per share for the quarter, topping analysts’ consensus estimates of $0.02 by $0.02. Permianville Royalty Trust had a net margin of 10.38% and a return on equity of 12.46%. The firm had revenue of $11.05 million for the quarter, compared to analyst estimates of $8.90 million.

Permianville Royalty Trust Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Friday, June 12th. Shareholders of record on Friday, May 29th were issued a $0.014 dividend. The ex-dividend date of this dividend was Friday, May 29th. This is a positive change from Permianville Royalty Trust’s previous monthly dividend of $0.01. This represents a c) annualized dividend and a yield of 9.4%. Permianville Royalty Trust’s dividend payout ratio is currently 113.33%.

Institutional Investors Weigh In On Permianville Royalty Trust

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Ashton Thomas Private Wealth LLC raised its stake in shares of Permianville Royalty Trust by 10.8% during the 4th quarter. Ashton Thomas Private Wealth LLC now owns 1,721,520 shares of the company’s stock valued at $3,138,000 after buying an additional 167,616 shares during the last quarter. Susquehanna International Group LLP lifted its holdings 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 buying an additional 66,583 shares during the period. Pingora Partners LLC boosted its stake in shares of Permianville Royalty Trust by 4.6% in the fourth quarter. Pingora Partners LLC now owns 950,410 shares of the company’s stock worth $1,701,000 after buying an additional 41,386 shares during the last quarter. Citadel Advisors LLC boosted its stake in shares of Permianville Royalty Trust by 326.0% in the third 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 last quarter. Finally, Kestra Private Wealth Services LLC purchased a new stake in shares of Permianville Royalty Trust in the third quarter worth about $37,000. 6.78% of the stock is owned by institutional investors and hedge funds.

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.