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
Permianville Royalty Trust stock traded up $0.15 during trading on Wednesday, reaching $3.25. 123,704 shares of the company were exchanged, compared to its average volume of 242,066. Permianville Royalty Trust has a 52-week low of $1.73 and a 52-week high of $5.79. The stock's 50 day simple moving average is $3.81 and its two-hundred day simple moving average is $3.21.
Permianville Royalty Trust (NYSE:PVL - Get Rating) last announced its quarterly earnings data on Monday, May 16th. The company reported $0.09 EPS for the quarter. The company had revenue of $13.10 million for the quarter.
Permianville Royalty Trust Cuts Dividend
The firm also recently announced a monthly dividend, which will be paid on Friday, August 12th. Shareholders of record on Friday, July 29th will be given a $0.0215 dividend. The ex-dividend date is Thursday, July 28th. This represents a $0.26 dividend on an annualized basis and a yield of 7.94%.
Insider Buying and Selling at Permianville Royalty Trust
In other Permianville Royalty Trust news, major shareholder Permianville Holdings Llc sold 9,300 shares of Permianville Royalty Trust stock in a transaction on Friday, July 29th. The stock was sold at an average price of $3.75, for a total value of $34,875.00. Following 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.