Permianville Royalty Trust (NYSE:PVL) Increases Dividend to $0.03 Per Share

Key Points

• Permianville Royalty Trust raised its monthly dividend to $0.027 per share, an 80% increase from $0.01. Shareholders of record on August 31 will receive payment on September 15, with an annualized yield of approximately 18.4%.
• PVL reported quarterly EPS of $0.03, exceeding the $0.01 consensus estimate, while revenue of $14.79 million surpassed expectations of $8.70 million.
• Shares opened at $1.76, within the company’s 52-week range of $1.58 to $2.04. Institutional investors own 6.78% of PVL, with several major holders recently increasing their positions.

Permianville Royalty Trust (NYSE:PVL - Get Free Report) declared a monthly dividend on Monday, August 17th. Stockholders of record on Monday, August 31st will be paid a dividend of 0.027 per share on Tuesday, September 15th. This represents a c) annualized dividend and a dividend yield of 18.4%. The ex-dividend date is Monday, August 31st. This is a 80.0% increase from Permianville Royalty Trust's previous monthly dividend of $0.01.

Permianville Royalty Trust Price Performance

Shares of PVL opened at $1.76 on Tuesday. The company's 50-day moving average is $1.74 and its 200-day moving average is $1.80. The firm has a market capitalization of $58.08 million, a PE ratio of 10.35 and a beta of 0.12. Permianville Royalty Trust has a fifty-two week low of $1.58 and a fifty-two week high of $2.04.

Permianville Royalty Trust (NYSE:PVL - Get Free Report) last announced its earnings results on Friday, August 14th. The company reported $0.03 EPS for the quarter, topping the consensus estimate of $0.01 by $0.02. Permianville Royalty Trust had a net margin of 11.30% and a return on equity of 14.77%. The business had revenue of $14.79 million during the quarter, compared to the consensus estimate of $8.70 million.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in PVL. Ashton Thomas Private Wealth LLC lifted its holdings in shares of Permianville Royalty Trust by 10.8% during the fourth quarter. Ashton Thomas Private Wealth LLC now owns 1,721,520 shares of the company's stock worth $3,138,000 after buying an additional 167,616 shares in the last quarter. Susquehanna International Group LLP grew its stake 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 acquiring an additional 66,583 shares in the last quarter. Pingora Partners LLC increased its position in Permianville Royalty Trust by 4.6% during the fourth quarter. Pingora Partners LLC now owns 950,410 shares of the company's stock worth $1,701,000 after acquiring an additional 41,386 shares during the period. Citadel Advisors LLC increased its position in 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. Finally, Kestra Private Wealth Services LLC acquired a new stake in Permianville Royalty Trust in the 3rd quarter worth about $37,000. Institutional investors own 6.78% of the company's stock.

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.

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