MV Oil Trust (NYSE:MVO) Stock Price Passes Above Two Hundred Day Moving Average - Should You Sell?

Key Points

• MV Oil Trust stock has recently surpassed its 200-day moving average, currently trading at $5.85, with a market capitalization of $67.28 million.
• The company reported $0.28 earnings per share and $3.38 million in revenue for its last quarter, along with a quarterly dividend of $0.185, offering a yield of 12.6%.
• Institutional investors have shown interest in MV Oil Trust, with notable stakes purchased by firms like Marshall Wace LLP and Kingswood Wealth Advisors LLC in recent quarters.

MV Oil Trust (NYSE:MVO - Get Free Report) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $5.68 and traded as high as $5.87. MV Oil Trust shares last traded at $5.85, with a volume of 36,738 shares changing hands.

MV Oil Trust Stock Performance

The company has a market capitalization of $67.28 million, a price-to-earnings ratio of 4.64 and a beta of -0.10. The firm has a 50-day simple moving average of $5.81 and a two-hundred day simple moving average of $5.68.

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

MV Oil Trust Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, July 25th. Shareholders of record on Tuesday, July 15th were given a $0.185 dividend. This represents a $0.74 annualized dividend and a yield of 12.6%. MV Oil Trust's dividend payout ratio is currently 58.73%.

Hedge Funds Weigh In On MV Oil Trust

Institutional investors have recently bought and sold shares of the company. Marshall Wace LLP purchased a new stake in shares of MV Oil Trust during the fourth quarter worth approximately $301,000. Kingswood Wealth Advisors LLC purchased a new stake in shares of MV Oil Trust during the first quarter worth approximately $97,000. Janney Montgomery Scott LLC purchased a new stake in shares of MV Oil Trust during the second quarter worth approximately $92,000. Finally, Allworth Financial LP purchased a new stake in shares of MV Oil Trust during the second quarter worth approximately $55,000. 3.54% of the stock is owned by institutional investors and hedge funds.

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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