Permianville Royalty Trust (NYSE:PVL - Get Free Report)'s share price was down 2.3% on Monday . The company traded as low as $1.77 and last traded at $1.78. Approximately 47,520 shares were traded during mid-day trading, a decline of 40% from the average daily volume of 79,652 shares. The stock had previously closed at $1.82.
Permianville Royalty Trust Price Performance
The company has a market capitalization of $58.94 million, a price-to-earnings ratio of 19.84 and a beta of 0.42. The stock has a 50 day simple moving average of $1.74 and a two-hundred day simple moving average of $1.56.
Institutional Trading of Permianville Royalty Trust
An institutional investor recently bought a new position 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 the company in 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 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.
Permianville Royalty Trust Company Profile
(
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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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