MV Oil Trust (NYSE:MVO) Short Interest Update

MV Oil Trust (NYSE:MVO) was the target of a large increase in short interest in April. As of April 15th, there was short interest totaling 937,972 shares, an increase of 23.1% from the March 31st total of 761,677 shares. Based on an average daily trading volume, of 466,692 shares, the short-interest ratio is currently 2.0 days. Approximately 8.2% of the company’s stock are sold short.

Analysts Set New Price Targets

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

MV Oil Trust Stock Performance

NYSE MVO traded down $0.04 on Friday, reaching $2.49. The stock had a trading volume of 122,960 shares, compared to its average volume of 359,914. The stock has a market cap of $28.64 million, a P/E ratio of 2.71 and a beta of -0.11. MV Oil Trust has a 12-month low of $0.97 and a 12-month high of $6.26. The business’s 50-day moving average price is $2.39 and its 200 day moving average price is $2.36.

MV Oil Trust (NYSE:MVO) last announced its earnings results on Tuesday, March 24th. The oil and gas producer reported $0.21 earnings per share (EPS) for the quarter. The business had revenue of $2.57 million for the quarter.

MV Oil Trust Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, April 24th. Stockholders of record on Wednesday, April 15th were paid a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 27.3%. This is a positive change from MV Oil Trust’s previous quarterly dividend of $0.14. The ex-dividend date was Wednesday, April 15th. MV Oil Trust’s payout ratio is currently 73.91%.

Hedge Funds Weigh In On MV Oil Trust

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

About MV Oil Trust

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.