Permianville Royalty Trust (NYSE:PVL) Trading Down 0.3% - Should You Sell?

Key Points

• The share price of Permianville Royalty Trust (NYSE:PVL) declined by 0.3%, trading at $1.86 with a market cap of $61.22 million.
• The stock experienced a notable 48% decline in trading volume compared to its average daily volume, with 28,062 shares exchanged on the latest trading day.
• Mariner LLC, a hedge fund, recently acquired a new stake in the company, purchasing 20,004 shares valued at approximately $27,000.

Permianville Royalty Trust (NYSE:PVL - Get Free Report) was down 0.3% on Thursday . The company traded as low as $1.85 and last traded at $1.86. Approximately 28,062 shares changed hands during mid-day trading, a decline of 48% from the average daily volume of 53,745 shares. The stock had previously closed at $1.86.

Permianville Royalty Trust Stock Up 8.9%

The stock has a market cap of $64.68 million, a P/E ratio of 19.60 and a beta of 0.46. The business has a 50 day moving average price of $1.83 and a two-hundred day moving average price of $1.62.

Permianville Royalty Trust (NYSE:PVL - Get Free Report) last released its quarterly earnings data on Thursday, August 14th. The company reported $0.01 earnings per share for the quarter. The firm had revenue of $11.22 million during the quarter. Permianville Royalty Trust had a return on equity of 7.06% and a net margin of 5.79%.

Institutional Investors Weigh In On Permianville Royalty Trust

A hedge fund recently bought a new stake in Permianville Royalty Trust stock. Mariner LLC bought a new position in Permianville Royalty Trust (NYSE:PVL - Free Report) during the fourth quarter, according to its most recent filing 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 approximately 0.06% of Permianville Royalty Trust at the end of the most recent quarter. 6.78% of the stock is currently owned by hedge funds and other institutional investors.

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.