MV Oil Trust (NYSE:MVO) Share Price Crosses Above Two Hundred Day Moving Average - What's Next?

Key Points

• MV Oil Trust's stock price has recently crossed above its 200-day moving average, trading at $6.10 with a volume of 28,342 shares.
• The company reported a quarterly earnings of $0.28 per share and a total revenue of $3.38 million for the quarter ended August 12th.
• MV Oil Trust has recently cut its dividend, offering a yield of 12.1% with an annualized dividend of $0.74, paid to shareholders on July 25th.

MV Oil Trust (NYSE:MVO - Get Free Report)'s stock price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $5.83 and traded as high as $6.13. MV Oil Trust shares last traded at $6.10, with a volume of 28,342 shares.

MV Oil Trust Stock Up 0.5%

The stock has a market capitalization of $70.15 million, a P/E ratio of 4.84 and a beta of -0.01. The business's 50 day simple moving average is $5.90 and its two-hundred day simple moving average is $5.83.

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

MV Oil Trust Cuts Dividend

The firm 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 dividend yield of 12.1%. The ex-dividend date of this dividend was Tuesday, July 15th. MV Oil Trust's dividend payout ratio (DPR) is 58.73%.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Allworth Financial LP bought a new position in shares of MV Oil Trust in the second quarter valued at $55,000. Marshall Wace LLP bought a new position in shares of MV Oil Trust in the second quarter valued at $88,000. Janney Montgomery Scott LLC bought a new position in shares of MV Oil Trust in the second quarter valued at $92,000. Finally, Kingswood Wealth Advisors LLC bought a new position in shares of MV Oil Trust in the first quarter valued at $97,000. 3.54% of the stock is owned by 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.

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