Permianville Royalty Trust Announces Monthly Dividend of $0.02 (NYSE:PVL)

Permianville Royalty Trust (NYSE:PVL – Get Rating) announced a monthly dividend on Thursday, March 16th, Zacks reports. Investors of record on Friday, March 31st will be paid a dividend of 0.019 per share on Friday, April 14th. This represents a $0.23 dividend on an annualized basis and a yield of 10.36%. The ex-dividend date of this dividend is Thursday, March 30th.

Permianville Royalty Trust has raised its dividend by an average of 12.9% per year over the last three years.

Permianville Royalty Trust Trading Down 0.5 %

Shares of PVL traded down $0.01 during midday trading on Friday, hitting $2.20. 224,054 shares of the company traded hands, compared to its average volume of 236,086. Permianville Royalty Trust has a one year low of $2.02 and a one year high of $5.79. The stock has a 50-day moving average of $2.80 and a 200-day moving average of $3.23.

Insiders Place Their Bets

In other news, major shareholder Permianville Holdings Llc sold 17,151 shares of the business’s stock in a transaction on Wednesday, February 8th. The shares were sold at an average price of $3.01, for a total transaction of $51,624.51. Following the completion of the transaction, the insider now directly owns 7,543,774 shares in the company, valued at approximately $22,706,759.74. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders have sold 331,911 shares of company stock worth $1,007,482 in the last three months.

Institutional Trading of Permianville Royalty Trust

A number of large investors have recently modified their holdings of the business. Virtu Financial LLC purchased a new stake in Permianville Royalty Trust in the first quarter valued at approximately $171,000. Citadel Advisors LLC bought a new position in shares of Permianville Royalty Trust in the 3rd quarter worth $152,000. Jane Street Group LLC purchased a new stake in shares of Permianville Royalty Trust during the 2nd quarter valued at $61,000. Morgan Stanley lifted its holdings in shares of Permianville Royalty Trust by 51.6% during the 4th quarter. Morgan Stanley now owns 22,740 shares of the company’s stock worth $76,000 after acquiring an additional 7,740 shares during the last quarter. Finally, Occudo Quantitative Strategies LP increased its stake in Permianville Royalty Trust by 15.4% in the second quarter. Occudo Quantitative Strategies LP now owns 41,080 shares of the company’s stock valued at $137,000 after acquiring an additional 5,483 shares during the last quarter.

About Permianville Royalty Trust

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Permianville Royalty Trust operates as a statutory trust. It engages in the acquisition and holding of net profits from the sale of oil and natural gas production from certain properties in the states of Texas, Louisiana and New Mexico held by Enduro Resource Partners LLC, for the benefit of the trust unit holders.