Permianville Royalty Trust (NYSE:PVL - Get Free Report) was the recipient of a significant decrease in short interest during the month of May. As of May 15th, there was short interest totalling 10,100 shares, a decrease of 59.8% from the April 30th total of 25,100 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average daily trading volume, of 65,500 shares, the days-to-cover ratio is presently 0.2 days.
Permianville Royalty Trust Stock Performance
Shares of PVL traded down $0.03 during mid-day trading on Friday, hitting $1.60. 52,977 shares of the company were exchanged, compared to its average volume of 76,896. Permianville Royalty Trust has a 1-year low of $1.03 and a 1-year high of $1.96. The company has a 50 day moving average of $1.50 and a 200-day moving average of $1.49. The stock has a market cap of $52.80 million, a price-to-earnings ratio of 7.62 and a beta of 0.41.
Permianville Royalty Trust (NYSE:PVL - Get Free Report) last released its quarterly earnings results on Wednesday, March 19th. The company reported $0.04 earnings per share for the quarter. Permianville Royalty Trust had a net margin of 12.60% and a return on equity of 13.73%. The firm had revenue of $14.27 million during the quarter.
Permianville Royalty Trust Announces Dividend
The business also recently declared a dividend, which was paid on Monday, April 14th. Investors of record on Monday, March 31st were given a dividend of $0.0085 per share. The ex-dividend date was Monday, March 31st. Permianville Royalty Trust's dividend payout ratio (DPR) is presently 88.89%.
Institutional Investors Weigh In On Permianville Royalty Trust
An institutional investor recently bought a new position in Permianville Royalty Trust stock. Mariner LLC purchased a new stake in Permianville Royalty Trust (NYSE:PVL - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 20,004 shares of the company's stock, valued at approximately $27,000. Mariner LLC owned about 0.06% of Permianville Royalty Trust as of its most recent filing with the Securities and Exchange Commission (SEC). Institutional investors and hedge funds own 6.78% of the company's stock.
Permianville Royalty Trust Company Profile
(
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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.
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