MV Oil Trust (NYSE:MVO) Short Interest Up 20.2% in February

MV Oil Trust (NYSE:MVO) was the recipient of a significant increase in short interest in the month of February. As of February 28th, there was short interest totalling 455,200 shares, an increase of 20.2% from the February 13th total of 378,800 shares. Approximately 4.0% of the company’s shares are short sold. Based on an average daily volume of 105,700 shares, the days-to-cover ratio is currently 4.3 days.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in MV Oil Trust stock. Marshall Wace LLP bought a new position in MV Oil Trust (NYSE:MVO) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 37,434 shares of the oil and gas producer’s stock, valued at approximately $301,000. Marshall Wace LLP owned 0.33% 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.

MV Oil Trust Stock Performance

NYSE:MVO traded up $0.07 on Thursday, reaching $6.54. The company’s stock had a trading volume of 44,556 shares, compared to its average volume of 71,442. The business’s 50-day moving average price is $6.00 and its two-hundred day moving average price is $7.90. MV Oil Trust has a 1-year low of $4.63 and a 1-year high of $11.63. The firm has a market cap of $75.22 million, a PE ratio of 4.11 and a beta of 0.67.

MV Oil Trust Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, January 24th. Stockholders of record on Thursday, January 16th were issued a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 14.68%. The ex-dividend date of this dividend was Thursday, January 16th. MV Oil Trust’s dividend payout ratio (DPR) is presently 60.38%.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered shares of MV Oil Trust from a “buy” rating to a “hold” rating in a 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.