Symphony Financial Ltd. Co. Grows Stock Position in MV Oil Trust (NYSE:MVO)

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Symphony Financial Ltd. Co. lifted its stake in MV Oil Trust (NYSE:MVO) by 11.8% during the 4th quarter, Holdings Channel reports. The institutional investor owned 69,613 shares of the oil and gas producer’s stock after buying an additional 7,321 shares during the period. Symphony Financial Ltd. Co.’s holdings in MV Oil Trust were worth $219,000 at the end of the most recent quarter.

Shares of MV Oil Trust stock opened at $4.36 on Thursday. The firm has a market capitalization of $50.14 million, a price-to-earnings ratio of 4.69 and a beta of 1.44. MV Oil Trust has a 12-month low of $1.76 and a 12-month high of $6.35. The firm’s 50 day simple moving average is $3.12 and its two-hundred day simple moving average is $2.93.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, January 25th. Stockholders of record on Friday, January 15th will be paid a $0.1025 dividend. The ex-dividend date is Thursday, January 14th. This represents a $0.41 dividend on an annualized basis and a dividend yield of 9.40%. This is a positive change from MV Oil Trust’s previous quarterly dividend of $0.10.

MV Oil Trust Company Profile

MV Oil Trust acquires and holds net profits interests in the oil and natural gas properties of MV Partners, LLC. Its properties include approximately 900 producing oil and gas wells located in the Mid-Continent region in the states of Kansas and Colorado. The company was founded in 2006 and is based in Houston, Texas.

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