MV Oil Trust (NYSE:MVO) Issues Earnings Results

MV Oil Trust (NYSE:MVO) announced its quarterly earnings data on Thursday. The oil and gas producer reported $1.02 EPS for the quarter, Zacks reports.

MV Oil Trust Stock Up 0.9 %

NYSE:MVO traded up $0.06 during trading hours on Thursday, reaching $6.53. 92,852 shares of the company’s stock were exchanged, compared to its average volume of 71,621. The firm has a market capitalization of $75.10 million, a price-to-earnings ratio of 4.11 and a beta of 0.67. The company has a 50-day moving average of $6.00 and a 200 day moving average of $7.90. MV Oil Trust has a 1-year low of $4.63 and a 1-year high of $11.63.

MV Oil Trust Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, January 24th. Investors of record on Thursday, January 16th were given a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 14.70%. The ex-dividend date of this dividend was Thursday, January 16th. MV Oil Trust’s dividend payout ratio (DPR) is 60.38%.

Analyst Ratings Changes

Separately, StockNews.com downgraded shares of MV Oil Trust from a “buy” rating to a “hold” rating in a research report on Wednesday, March 12th.

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.