MV Oil Trust (NYSE:MVO - Get Free Report) issued its quarterly earnings results on Tuesday. The oil and gas producer reported $0.28 earnings per share for the quarter, Zacks reports.
MV Oil Trust Stock Performance
MV Oil Trust stock traded up $0.04 during mid-day trading on Tuesday, reaching $5.62. The stock had a trading volume of 31,762 shares, compared to its average volume of 84,884. MV Oil Trust has a fifty-two week low of $4.63 and a fifty-two week high of $10.31. The stock's 50-day simple moving average is $5.80 and its 200-day simple moving average is $5.68. The firm has a market capitalization of $64.63 million, a PE ratio of 4.29 and a beta of -0.10.
MV Oil Trust Cuts Dividend
The company also recently disclosed a quarterly dividend, which was paid on Friday, July 25th. Shareholders of record on Tuesday, July 15th were paid a $0.185 dividend. This represents a $0.74 dividend on an annualized basis and a yield of 13.2%. MV Oil Trust's dividend payout ratio (DPR) is presently 56.49%.
About MV Oil Trust
(
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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.
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