Permianville Royalty Trust (NYSE:PVL) Short Interest Up 158.6% in July

Permianville Royalty Trust (NYSE:PVL) saw a large increase in short interest in July. As of July 15th, there was short interest totaling 17,928 shares, an increase of 158.6% from the June 30th total of 6,933 shares. Based on an average trading volume of 62,237 shares, the days-to-cover ratio is currently 0.3 days. Currently, 0.1% of the company’s stock are short sold.

Analyst Ratings Changes

Separately, Weiss Ratings upgraded shares of Permianville Royalty Trust from a “hold (c-)” rating to a “hold (c)” rating in a research note on Tuesday, July 21st. One analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the company currently has an average rating of “Hold”.

Permianville Royalty Trust Trading Up 0.6%

PVL traded up $0.01 during midday trading on Wednesday, reaching $1.70. The company’s stock had a trading volume of 21,740 shares, compared to its average volume of 94,555. Permianville Royalty Trust has a twelve month low of $1.58 and a twelve month high of $2.04. The stock has a market cap of $56.10 million, a P/E ratio of 11.33 and a beta of 0.11. The company has a fifty day simple moving average of $1.78 and a 200 day simple moving average of $1.81.

Permianville Royalty Trust (NYSE:PVL) last announced its quarterly earnings data on Friday, May 15th. The company reported $0.04 EPS for the quarter, beating 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 business had revenue of $11.05 million during the quarter, compared to analyst estimates of $8.90 million.

Permianville Royalty Trust Cuts Dividend

The firm also recently declared a monthly dividend, which will be paid on Friday, August 14th. Investors of record on Friday, July 31st will be issued a dividend of $0.015 per share. This represents a c) dividend on an annualized basis and a yield of 10.6%. The ex-dividend date of this dividend is Friday, July 31st. Permianville Royalty Trust’s dividend payout ratio (DPR) is currently 133.33%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Kestra Private Wealth Services LLC acquired a new stake in Permianville Royalty Trust during the 3rd quarter worth approximately $37,000. Citadel Advisors LLC raised 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 worth $51,000 after acquiring an additional 40,428 shares during the period. Susquehanna International Group LLP lifted its holdings in shares of 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 purchasing an additional 66,583 shares in the last quarter. Pingora Partners LLC lifted its stake in Permianville Royalty Trust by 4.6% in the 4th quarter. Pingora Partners LLC now owns 950,410 shares of the company’s stock valued at $1,701,000 after acquiring an additional 41,386 shares in the last quarter. Finally, Ashton Thomas Private Wealth LLC lifted its position in shares of 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 in the last quarter. Institutional investors and hedge funds own 6.78% of the company’s stock.

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.