Permianville Royalty Trust operates as a statutory trust. It owns a 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. The company was formerly known as Enduro Royalty Trust and changed its name to Permianville Royalty Trust in September 2018. Permianville Royalty Trust was incorporated in 2011 and is based in Houston, Texas.
Permianville Royalty Trust Stock Performance
Shares of PVL opened at $3.10 on Wednesday. The company's 50 day simple moving average is $3.85 and its 200-day simple moving average is $3.21. Permianville Royalty Trust has a 12-month low of $1.73 and a 12-month high of $5.79.
Permianville Royalty Trust (NYSE:PVL - Get Rating) last issued its quarterly earnings data on Monday, May 16th. The company reported $0.09 earnings per share (EPS) for the quarter. The business had revenue of $13.10 million for the quarter.
Permianville Royalty Trust Cuts Dividend
The business also recently disclosed a monthly dividend, which will be paid on Friday, August 12th. Shareholders of record on Friday, July 29th will be given a dividend of $0.0215 per share. The ex-dividend date is Thursday, July 28th. This represents a $0.26 dividend on an annualized basis and a yield of 8.32%.
Insider Buying and Selling at Permianville Royalty Trust
In other news, major shareholder Permianville Holdings Llc sold 9,300 shares of the company's stock in a transaction that occurred on Friday, July 29th. The stock was sold at an average price of $3.75, for a total transaction of $34,875.00. Following the completion of the sale, the insider now owns 8,567,298 shares in the company, valued at $32,127,367.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.