Permianville Royalty Trust (NYSE:PVL) Trading 2% Higher - Still a Buy?

Key Points

• Permianville Royalty Trust's shares saw a **2% increase** recently, trading at $2.01, although trading volume declined by **30%** from its average.
• The company reported **$11.22 million** in revenue for the last quarter with an earnings per share (EPS) of **$0.01** and a dividend yield of **9.6%**.
• An institutional investor, Mariner LLC, has recently acquired shares worth approximately **$27,000**, increasing institutional ownership to **6.78%** of the company.

Permianville Royalty Trust (NYSE:PVL - Get Free Report) shares traded up 2% during trading on Thursday . The stock traded as high as $2.03 and last traded at $2.01. 46,325 shares traded hands during mid-day trading, a decline of 30% from the average session volume of 65,730 shares. The stock had previously closed at $1.97.

Permianville Royalty Trust Stock Performance

The company has a 50 day moving average price of $1.87 and a 200 day moving average price of $1.68. The company has a market capitalization of $66.50 million, a price-to-earnings ratio of 20.15 and a beta of 0.56.

Permianville Royalty Trust (NYSE:PVL - Get Free Report) last issued its earnings results on Thursday, August 14th. The company reported $0.01 EPS for the quarter. The company had revenue of $11.22 million during the quarter. Permianville Royalty Trust had a return on equity of 7.18% and a net margin of 5.79%.

Permianville Royalty Trust Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Monday, September 15th. Investors of record on Friday, August 29th will be given a $0.016 dividend. The ex-dividend date of this dividend is Friday, August 29th. This represents a c) annualized dividend and a yield of 9.5%. Permianville Royalty Trust's dividend payout ratio (DPR) is presently 190.00%.

Permianville Royalty Trust Company Profile

Permianville Royalty Trust operates as a statutory trust. It is involved in the acquisition and holding of net profits interest representing the right to receive 80% of the net profits from the sale of oil and natural gas production from properties located in the states of Texas, Louisiana, and New Mexico.