Permianville Royalty Trust (NYSE:PVL) Trading Down 2.3% – Time to Sell?

Shares of Permianville Royalty Trust (NYSE:PVL) traded down 2.3% during trading on Monday . The company traded as low as $1.77 and last traded at $1.78. 47,520 shares were traded during trading, a decline of 40% from the average session volume of 79,652 shares. The stock had previously closed at $1.82.

Permianville Royalty Trust Stock Down 2.3%

The firm has a 50 day moving average price of $1.72 and a 200 day moving average price of $1.56. The stock has a market capitalization of $58.71 million, a PE ratio of 19.77 and a beta of 0.42.

Hedge Funds Weigh In On Permianville Royalty Trust

A hedge fund recently bought a new stake in Permianville Royalty Trust stock. Mariner LLC bought a new stake in shares of Permianville Royalty Trust (NYSE:PVL) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. 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 institutional investors and hedge funds.

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.