Permianville Royalty Trust (NYSE:PVL) Shares Up 2.2%

Permianville Royalty Trust (NYSE:PVL) shares shot up 2.2% on Monday . The company traded as high as $1.41 and last traded at $1.41. 76,052 shares were traded during mid-day trading, a decline of 25% from the average session volume of 101,146 shares. The stock had previously closed at $1.38.

Permianville Royalty Trust Trading Up 1.1 %

The stock has a market capitalization of $46.53 million, a P/E ratio of 3.26 and a beta of 0.96. The stock’s fifty day moving average price is $1.44 and its two-hundred day moving average price is $1.75.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the company. Virtu Financial LLC purchased a new position in Permianville Royalty Trust during the 1st quarter valued at $171,000. Occudo Quantitative Strategies LP increased its position in Permianville Royalty Trust by 15.4% during the 2nd quarter. Occudo Quantitative Strategies LP now owns 41,080 shares of the company’s stock valued at $137,000 after purchasing an additional 5,483 shares during the period. Jane Street Group LLC purchased a new position in Permianville Royalty Trust during the 2nd quarter valued at $61,000. Royal Bank of Canada increased its position in Permianville Royalty Trust by 65.4% during the 3rd quarter. Royal Bank of Canada now owns 9,190 shares of the company’s stock valued at $31,000 after purchasing an additional 3,635 shares during the period. Finally, Citadel Advisors LLC purchased a new position in Permianville Royalty Trust during the 3rd quarter valued at $152,000. 6.78% of the stock is owned by hedge funds and other 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.