MV Oil Trust (NYSE:MVO) Stock Passes Above 200 Day Moving Average - Here's Why

Key Points

• MV Oil Trust's shares recently surpassed their 200-day moving average, achieving a trade price high of $6.04, compared to the average of $5.74.
• The company reported a quarterly EPS of $0.28 and received a total revenue of $3.38 million for the last quarter.
• MV Oil Trust has declared a quarterly dividend of $0.185 per share, resulting in an annualized dividend yield of 12.4%.

MV Oil Trust (NYSE:MVO - Get Free Report)'s share price crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $5.74 and traded as high as $6.04. MV Oil Trust shares last traded at $5.98, with a volume of 25,703 shares traded.

MV Oil Trust Price Performance

The stock has a fifty day moving average of $5.84 and a 200 day moving average of $5.75. The firm has a market capitalization of $69.69 million, a P/E ratio of 4.81 and a beta of -0.01.

MV Oil Trust (NYSE:MVO - Get Free Report) last issued 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.

MV Oil Trust Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, July 25th. Investors of record on Tuesday, July 15th were given a dividend of $0.185 per share. This represents a $0.74 annualized dividend and a yield of 12.2%. The ex-dividend date was Tuesday, July 15th. MV Oil Trust's payout ratio is presently 58.73%.

Hedge Funds Weigh In On MV Oil Trust

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Kingswood Wealth Advisors LLC purchased a new position in MV Oil Trust during the first quarter worth about $97,000. Janney Montgomery Scott LLC purchased a new position in MV Oil Trust during the second quarter worth about $92,000. Marshall Wace LLP purchased a new position in MV Oil Trust during the second quarter worth about $88,000. Finally, Allworth Financial LP purchased a new position in MV Oil Trust during the second quarter worth about $55,000. 3.54% of the stock is currently owned by hedge funds and other institutional investors.

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.