Permianville Royalty Trust (NYSE:PVL - Get Free Report)'s stock price rose 2% during mid-day trading on Thursday . The stock traded as high as $2.03 and last traded at $2.01. Approximately 46,325 shares were traded during mid-day trading, a decline of 30% from the average daily volume of 65,730 shares. The stock had previously closed at $1.97.
Permianville Royalty Trust Price Performance
The company's 50-day simple moving average is $1.86 and its 200-day simple moving average is $1.67. The company has a market cap of $66.17 million, a price-to-earnings ratio of 20.05 and a beta of 0.56.
Permianville Royalty Trust (NYSE:PVL - Get Free Report) last issued its quarterly earnings data on Thursday, August 14th. The company reported $0.01 earnings per share (EPS) for the quarter. Permianville Royalty Trust had a net margin of 5.79% and a return on equity of 7.18%. The company had revenue of $11.22 million during the quarter.
Permianville Royalty Trust Dividend Announcement
The firm also recently announced a monthly dividend, which will be paid on Monday, September 15th. Stockholders of record on Friday, August 29th will be given a dividend of $0.016 per share. This represents a c) dividend on an annualized basis and a dividend yield of 9.6%. The ex-dividend date of this dividend is Friday, August 29th. Permianville Royalty Trust's payout ratio is presently 190.00%.
Institutional Trading of Permianville Royalty Trust
A hedge fund recently bought a new stake in Permianville Royalty Trust stock. Mariner LLC bought a new position in shares of Permianville Royalty Trust (NYSE:PVL - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 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). 6.78% of the stock is currently owned by hedge funds and other institutional investors.
About Permianville Royalty Trust
(
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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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