MV Oil Trust (NYSE:MVO) Posts Earnings Results

MV Oil Trust (NYSE:MVO) posted its quarterly earnings results on Monday. The oil and gas producer reported $0.19 earnings per share for the quarter, Zacks reports.

MV Oil Trust Stock Down 1.8%

Shares of NYSE MVO traded down $0.08 during trading on Monday, reaching $4.32. 80,889 shares of the company traded hands, compared to its average volume of 90,951. The firm has a 50 day simple moving average of $5.62 and a 200-day simple moving average of $5.75. MV Oil Trust has a 52-week low of $4.25 and a 52-week high of $9.46. The stock has a market capitalization of $49.68 million, a PE ratio of 3.43 and a beta of -0.08.

MV Oil Trust Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, October 24th. Stockholders of record on Wednesday, October 15th were issued a dividend of $0.205 per share. This represents a $0.82 dividend on an annualized basis and a dividend yield of 19.0%. The ex-dividend date of this dividend was Wednesday, October 15th. This is a boost from MV Oil Trust’s previous quarterly dividend of $0.19. MV Oil Trust’s payout ratio is 65.08%.

Institutional Investors Weigh In On MV Oil Trust

A hedge fund recently bought a new stake in MV Oil Trust stock. Marshall Wace LLP bought a new stake in shares of MV Oil Trust (NYSE:MVO) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 15,270 shares of the oil and gas producer’s stock, valued at approximately $88,000. Marshall Wace LLP owned about 0.13% of MV Oil Trust at the end of the most recent quarter. Institutional investors and hedge funds own 3.54% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “sell (d+)” rating on shares of MV Oil Trust in a report on Wednesday, October 8th. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock has an average rating of “Sell”.

MV Oil Trust Company Profile

MV Oil Trust acquires and holds term net profits interests in the oil and natural gas properties of MV Partners, LLC. Its properties wells located in the Mid-Continent region in the states of Kansas and Colorado. MV Oil Trust was incorporated in 2006 and is based in Houston, Texas.