Permianville Royalty Trust (NYSE:PVL) Stock Price Down 0.5% – What’s Next?

Permianville Royalty Trust (NYSE:PVL) shares fell 0.5% during trading on Tuesday . The stock traded as low as $1.85 and last traded at $1.88. 30,965 shares traded hands during mid-day trading, a decline of 59% from the average session volume of 75,047 shares. The stock had previously closed at $1.89.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “hold (c)” rating on shares of Permianville Royalty Trust in a research report on Monday, December 1st. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat, the company presently has an average rating of “Hold”.

Permianville Royalty Trust Price Performance

The firm has a market capitalization of $62.04 million, a P/E ratio of 26.86 and a beta of 0.07. The company’s 50 day moving average price is $1.81 and its 200 day moving average price is $1.84.

Permianville Royalty Trust (NYSE:PVL) last posted its quarterly earnings data on Friday, November 14th. The company reported $0.02 earnings per share (EPS) for the quarter. The firm had revenue of $11.57 million for the quarter. Permianville Royalty Trust had a return on equity of 5.04% and a net margin of 4.44%.

Permianville Royalty Trust Cuts Dividend

The company also recently disclosed a monthly dividend, which will be paid on Monday, December 15th. Shareholders of record on Friday, November 28th will be issued a dividend of $0.029 per share. This represents a c) annualized dividend and a yield of 18.5%. The ex-dividend date of this dividend is Friday, November 28th. Permianville Royalty Trust’s payout ratio is currently 485.71%.

Institutional Investors Weigh In On Permianville Royalty Trust

Several institutional investors have recently modified their holdings of the business. Kestra Private Wealth Services LLC bought a new position in Permianville Royalty Trust in the third quarter valued at approximately $37,000. Susquehanna International Group LLP lifted its stake in shares of Permianville Royalty Trust by 239.2% in the 3rd quarter. Susquehanna International Group LLP now owns 94,421 shares of the company’s stock valued at $171,000 after purchasing an additional 66,583 shares during the period. Citadel Advisors LLC boosted its position in shares of Permianville Royalty Trust by 326.0% in the 3rd quarter. Citadel Advisors LLC now owns 28,028 shares of the company’s stock worth $51,000 after purchasing an additional 40,428 shares during the last quarter. Ashton Thomas Private Wealth LLC boosted its position in shares of Permianville Royalty Trust by 0.5% in the 3rd quarter. Ashton Thomas Private Wealth LLC now owns 1,553,904 shares of the company’s stock worth $2,848,000 after purchasing an additional 7,890 shares during the last quarter. Finally, Clear Harbor Asset Management LLC acquired a new stake in shares of Permianville Royalty Trust during the third quarter worth $81,000. Institutional investors and hedge funds own 6.78% of the company’s stock.

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.