Permianville Royalty Trust (NYSE:PVL) Stock Price Up 3.4% - Still a Buy?

Permianville Royalty Trust (NYSE:PVL - Get Free Report) shot up 3.4% during mid-day trading on Thursday . The company traded as high as $2.00 and last traded at $1.99. 164,677 shares traded hands during trading, an increase of 103% from the average session volume of 80,938 shares. The stock had previously closed at $1.92.

Permianville Royalty Trust Stock Up 0.5%

The business's 50-day simple moving average is $1.62 and its two-hundred day simple moving average is $1.52. The firm has a market cap of $61.71 million, a price-to-earnings ratio of 20.78 and a beta of 0.38.

Institutional Trading of Permianville Royalty Trust

An institutional investor recently bought a new position in Permianville Royalty Trust stock. Ashton Thomas Private Wealth LLC bought a new position in shares of Permianville Royalty Trust (NYSE:PVL - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 1,690,973 shares of the company's stock, valued at approximately $2,300,000. Ashton Thomas Private Wealth LLC owned approximately 5.12% of Permianville Royalty Trust as of its most recent SEC filing. 6.78% of the stock is currently owned by 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.