MV Oil Trust (NYSE:MVO - Get Free Report)'s share price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $5.92 and traded as high as $6.13. MV Oil Trust shares last traded at $6.09, with a volume of 121,284 shares changing hands.
MV Oil Trust Stock Performance
The stock has a 50 day moving average of $5.84 and a 200-day moving average of $5.85. The firm has a market capitalization of $66.93 million, a P/E ratio of 4.44 and a beta of -0.18.
MV Oil Trust Cuts Dividend
The business also recently declared a quarterly dividend, which was paid on Friday, July 25th. Stockholders of record on Tuesday, July 15th were given a dividend of $0.185 per share. This represents a $0.74 annualized dividend and a dividend yield of 12.71%. MV Oil Trust's dividend payout ratio is presently 56.49%.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently modified their holdings of MVO. Marshall Wace LLP purchased a new position in shares of MV Oil Trust during the fourth quarter worth about $301,000. Kingswood Wealth Advisors LLC purchased a new stake in MV Oil Trust in the first quarter worth approximately $97,000. Finally, Janney Montgomery Scott LLC purchased a new stake in MV Oil Trust in the second quarter worth approximately $92,000. Hedge funds and other institutional investors own 3.54% of the company's stock.
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.
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