Permianville Royalty Trust (NYSE:PVL) Stock Price Up 0.3% - Still a Buy?

Key Points

• Permianville Royalty Trust's stock price increased by 0.3% to close at $1.82, although trading volume fell sharply by 81% compared to its average.
• The company reported a net profit of $11.22 million for the last quarter, with an EPS of $0.01 and a return on equity of 7.18%.
• Permianville Royalty Trust declared an increased monthly dividend of $0.023 per share, representing a 15.2% dividend yield and a payout ratio of 280.00%.

Permianville Royalty Trust (NYSE:PVL - Get Free Report) shot up 0.3% on Wednesday . The stock traded as high as $1.83 and last traded at $1.82. 14,575 shares were traded during trading, a decline of 81% from the average session volume of 75,168 shares. The stock had previously closed at $1.81.

Permianville Royalty Trust Stock Performance

The firm's 50 day simple moving average is $1.90 and its 200-day simple moving average is $1.72. The company has a market capitalization of $59.90 million, a price-to-earnings ratio of 18.15 and a beta of 0.43.

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 business 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 Increases Dividend

The business also recently declared a monthly dividend, which will be paid on Wednesday, October 15th. Investors of record on Tuesday, September 30th will be issued a dividend of $0.023 per share. This is an increase from Permianville Royalty Trust's previous monthly dividend of $0.02. This represents a c) annualized dividend and a dividend yield of 15.2%. The ex-dividend date is Tuesday, September 30th. Permianville Royalty Trust's dividend payout ratio is 280.00%.

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.

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