Permianville Royalty Trust (NYSE:PVL) Trading Up 3.4% – What’s Next?

Permianville Royalty Trust (NYSE:PVL)’s share price was up 3.4% during trading on Thursday . The company traded as high as $2.00 and last traded at $1.99. Approximately 164,677 shares changed hands during mid-day trading, an increase of 103% from the average daily volume of 80,938 shares. The stock had previously closed at $1.92.

Permianville Royalty Trust Stock Up 3.4%

The company has a market capitalization of $65.51 million, a P/E ratio of 22.06 and a beta of 0.38. The business has a fifty day moving average price of $1.60 and a 200 day moving average price of $1.51.

Permianville Royalty Trust (NYSE:PVL) last released its earnings results on Wednesday, March 19th. The company reported $0.04 EPS for the quarter. Permianville Royalty Trust had a return on equity of 6.28% and a net margin of 4.64%. The firm had revenue of $14.27 million for the quarter.

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 stake in Permianville Royalty Trust (NYSE:PVL) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm 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 at the end of the most recent quarter. 6.78% of the stock is currently owned by hedge funds and other institutional investors.

About Permianville Royalty Trust

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.