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MV Oil Trust (NYSE:MVO) Raises Dividend to $0.21 Per Share

MV Oil Trust logo with Energy background

Key Points

  • MV Oil Trust has increased its quarterly dividend to $0.21 per share, marking a 10.8% increase from the previous dividend of $0.19.
  • The company's stock is currently priced at $5.78, with a market cap of $66.47 million and a dividend yield of 14.2%.
  • Institutional investors have shown interest in MV Oil Trust, with multiple firms acquiring positions valued between $55,000 and $97,000 in the second quarter.
  • Interested in MV Oil Trust? Here are five stocks we like better.

MV Oil Trust (NYSE:MVO - Get Free Report) declared a quarterly dividend on Friday, October 3rd, RTT News reports. Stockholders of record on Wednesday, October 15th will be paid a dividend of 0.205 per share by the oil and gas producer on Friday, October 24th. This represents a c) annualized dividend and a dividend yield of 14.2%. The ex-dividend date of this dividend is Wednesday, October 15th. This is a 10.8% increase from MV Oil Trust's previous quarterly dividend of $0.19.

MV Oil Trust Stock Down 2.7%

Shares of MVO opened at $5.78 on Monday. The company's fifty day moving average is $5.89 and its 200-day moving average is $5.83. MV Oil Trust has a 12 month low of $4.63 and a 12 month high of $10.31. The firm has a market cap of $66.47 million, a price-to-earnings ratio of 4.59 and a beta of -0.11.

MV Oil Trust (NYSE:MVO - Get Free Report) last announced its quarterly earnings results on Tuesday, August 12th. The oil and gas producer reported $0.28 EPS for the quarter. The business had revenue of $3.38 million for the quarter.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Allworth Financial LP acquired a new position in shares of MV Oil Trust in the second quarter valued at $55,000. Marshall Wace LLP acquired a new position in shares of MV Oil Trust in the second quarter valued at $88,000. Janney Montgomery Scott LLC acquired a new position in shares of MV Oil Trust in the second quarter valued at $92,000. Finally, Kingswood Wealth Advisors LLC acquired a new position in shares of MV Oil Trust in the first quarter valued at $97,000. 3.54% of the stock is currently owned by institutional investors and hedge funds.

About MV Oil Trust

(Get Free Report)

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.

Read More

Dividend History for MV Oil Trust (NYSE:MVO)

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