MV Oil Trust (NYSE:MVO) Short Interest Update

MV Oil Trust (NYSE:MVO) saw a large increase in short interest in December. As of December 15th, there was short interest totaling 610,718 shares, an increase of 243.0% from the November 30th total of 178,053 shares. Approximately 5.3% of the company’s shares are sold short. Based on an average trading volume of 325,550 shares, the days-to-cover ratio is presently 1.9 days. Based on an average trading volume of 325,550 shares, the days-to-cover ratio is presently 1.9 days. Approximately 5.3% of the company’s shares are sold short.

MV Oil Trust Stock Performance

MVO stock traded down $0.01 during mid-day trading on Thursday, reaching $1.21. The company had a trading volume of 67,644 shares, compared to its average volume of 248,414. The firm has a fifty day simple moving average of $2.81 and a 200 day simple moving average of $4.80. The company has a market capitalization of $13.92 million, a price-to-earnings ratio of 1.16 and a beta of -0.10. MV Oil Trust has a fifty-two week low of $0.97 and a fifty-two week high of $8.87.

MV Oil Trust (NYSE:MVO) last released its earnings results on Monday, November 10th. The oil and gas producer reported $0.19 earnings per share for the quarter. The firm had revenue of $2.36 million for the quarter.

MV Oil Trust Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 24th. Stockholders of record on Wednesday, October 15th were issued a $0.205 dividend. This represents a $0.82 dividend on an annualized basis and a dividend yield of 67.8%. The ex-dividend date was Wednesday, October 15th. This is a positive change from MV Oil Trust’s previous quarterly dividend of $0.19. MV Oil Trust’s dividend payout ratio (DPR) is 78.85%.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “sell (d)” rating on shares of MV Oil Trust in a report on Monday. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Sell”.

Hedge Funds Weigh In On MV Oil Trust

Several large investors have recently bought and sold shares of the business. Allworth Financial LP acquired a new stake in MV Oil Trust in the second quarter valued at $55,000. Marshall Wace LLP acquired a new stake in shares of MV Oil Trust during the 2nd quarter worth about $88,000. Finally, Janney Montgomery Scott LLC acquired a new position in MV Oil Trust in the second quarter valued at approximately $92,000. 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.