MV Oil Trust (NYSE:MVO) Short Interest Update

MV Oil Trust (NYSE:MVO) saw a large decline in short interest in the month of July. As of July 15th, there was short interest totaling 478,454 shares, a decline of 51.3% from the June 30th total of 982,799 shares. Approximately 4.2% of the shares of the company are sold short. Based on an average daily volume of 761,788 shares, the short-interest ratio is presently 0.6 days.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “sell (d)” rating on shares of MV Oil Trust in a report on Wednesday, June 24th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company has an average rating of “Sell”.

Institutional Trading of MV Oil Trust

Institutional investors have recently made changes to their positions in the stock. Bank of America Corp DE boosted its position in MV Oil Trust by 1,614.1% during the 1st quarter. Bank of America Corp DE now owns 55,708 shares of the oil and gas producer’s stock valued at $126,000 after buying an additional 52,458 shares during the period. XTX Topco Ltd purchased a new stake in shares of MV Oil Trust during the fourth quarter worth about $45,000. Marshall Wace LLP bought a new stake in shares of MV Oil Trust in the second quarter worth about $88,000. Finally, HRT Financial LP purchased a new position in MV Oil Trust during the 4th quarter valued at about $28,000. Hedge funds and other institutional investors own 3.54% of the company’s stock.

MV Oil Trust Price Performance

Shares of MVO remained flat at $0.60 during midday trading on Thursday. The company has a market cap of $6.85 million, a PE ratio of 0.73 and a beta of -0.21. MV Oil Trust has a 52-week low of $0.58 and a 52-week high of $6.19. The stock’s 50-day moving average price is $1.28 and its 200-day moving average price is $1.82.

MV Oil Trust (NYSE:MVO) last issued its quarterly earnings results on Wednesday, May 13th. The oil and gas producer reported $0.14 EPS for the quarter. The business had revenue of $1.84 million for the quarter.

MV Oil Trust Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, July 24th. Investors of record on Wednesday, July 15th were given a dividend of $0.5938 per share. This represents a $2.38 annualized dividend and a yield of 398.9%. The ex-dividend date was Wednesday, July 15th. This is a positive change from MV Oil Trust’s previous quarterly dividend of $0.17. MV Oil Trust’s dividend payout ratio is 290.24%.

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.