Permianville Royalty Trust (NYSE:PVL) Trading Down 4.2% – Should You Sell?

Permianville Royalty Trust (NYSE:PVL) shares dropped 4.2% during trading on Friday . The stock traded as low as $1.37 and last traded at $1.38. Approximately 157,736 shares changed hands during mid-day trading, an increase of 77% from the average daily volume of 89,131 shares. The stock had previously closed at $1.44.

Permianville Royalty Trust Stock Down 4.2 %

The company has a 50 day simple moving average of $1.55 and a two-hundred day simple moving average of $1.51. The company has a market capitalization of $45.54 million, a P/E ratio of 6.57 and a beta of 0.86.

Permianville Royalty Trust Cuts Dividend

The business also recently announced a monthly dividend, which was paid on Friday, December 13th. Stockholders of record on Friday, November 29th were given a dividend of $0.0105 per share. This represents a $0.13 annualized dividend and a dividend yield of 9.13%. The ex-dividend date of this dividend was Friday, November 29th. Permianville Royalty Trust’s dividend payout ratio is currently 57.14%.

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.