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

Permianville Royalty Trust (NYSE:PVL - Get Free Report) 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 Downgrades5 best dividend capture stocks 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".Read Our Latest Stock Analysis on PVLPermianville Royalty Trust Price PerformanceThe 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 - Get Free Report) 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 DividendThe 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 TrustSeveral 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 (Get Free Report)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.Further ReadingFive stocks we like better than Permianville Royalty TrustCompound Interest and Why It Matters When InvestingConsumers Got Coal, But Santa Dropped Off Big Gains for These 2 RetailersWhat Are Treasury Bonds?10X Gains? These 3 Robotics Stocks Could Explode by 2035Trading Stocks: RSI and Why it's UsefulAnheuser-Busch Buys BeatBox to Win Over Younger DrinkersThis instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in Permianville Royalty Trust Right Now?Before you consider Permianville Royalty Trust, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Permianville Royalty Trust wasn't on the list.While Permianville Royalty Trust currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here