MV Oil Trust (NYSE:MVO) Announces Quarterly Earnings Results

MV Oil Trust (NYSE:MVO) announced its earnings results on Wednesday. The oil and gas producer reported $0.14 earnings per share for the quarter, Zacks reports.

MV Oil Trust Trading Up 0.5%

MV Oil Trust stock traded up $0.01 during trading hours on Wednesday, reaching $2.09. 84,017 shares of the stock were exchanged, compared to its average volume of 497,356. The company has a market cap of $24.04 million, a P/E ratio of 2.27 and a beta of -0.11. MV Oil Trust has a twelve month low of $0.97 and a twelve month high of $6.26. The stock has a 50 day moving average of $2.43 and a two-hundred day moving average of $2.18.

MV Oil Trust Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 24th. Shareholders of record on Wednesday, April 15th were paid a dividend of $0.17 per share. The ex-dividend date was Wednesday, April 15th. This is a positive change from MV Oil Trust’s previous quarterly dividend of $0.14. This represents a $0.68 dividend on an annualized basis and a yield of 32.5%. MV Oil Trust’s dividend payout ratio is currently 73.91%.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of MV Oil Trust in a research report on Friday, March 27th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company has a consensus rating of “Sell”.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Marshall Wace LLP bought a new position in MV Oil Trust in the 2nd quarter valued at approximately $88,000. HRT Financial LP bought a new position in MV Oil Trust during the 4th quarter worth approximately $28,000. Finally, XTX Topco Ltd acquired a new stake in shares of MV Oil Trust during the 4th quarter worth approximately $45,000. Institutional investors own 3.54% of the company’s stock.

MV Oil Trust Company Profile

MV Oil Trust is an exchange-listed royalty trust that holds overriding royalty and net profits interests in oil and gas properties across the United States. As a non-operating entity, the trust does not engage in exploration or development; instead, it collects a share of production revenues after operating expenses are deducted.

The trust’s interests are primarily concentrated in onshore hydrocarbon fields in West Texas, providing unitholders with exposure to established production streams.