MV Oil Trust (NYSE:MVO) Announces Earnings Results

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

MV Oil Trust Trading Down 1.8%

MVO traded down $0.08 during trading hours on Monday, hitting $4.32. 80,889 shares of the company’s stock were exchanged, compared to its average volume of 90,951. The firm has a market cap of $49.68 million, a P/E ratio of 3.43 and a beta of -0.08. MV Oil Trust has a 12-month low of $4.25 and a 12-month high of $9.46. The firm has a 50 day moving average of $5.62 and a 200 day moving average of $5.75.

MV Oil Trust Increases Dividend

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

Analyst Ratings Changes

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

Institutional Trading of MV Oil Trust

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

About MV Oil Trust

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.