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 $5.78 and traded as high as $6.10. MV Oil Trust shares last traded at $6.00, with a volume of 88,127 shares trading hands.
MV Oil Trust Price Performance
The stock has a market capitalization of $70.73 million, a price-to-earnings ratio of 4.88 and a beta of -0.01. The stock's 50 day simple moving average is $5.87 and its 200-day simple moving average is $5.80.
MV Oil Trust (NYSE:MVO - Get Free Report) last posted its earnings results on Tuesday, August 12th. The oil and gas producer reported $0.28 earnings per share (EPS) for the quarter. The business had revenue of $3.38 million during the quarter.
MV Oil Trust Cuts Dividend
The business 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. The ex-dividend date of this dividend was Tuesday, July 15th. This represents a $0.74 dividend on an annualized basis and a yield of 12.0%. MV Oil Trust's payout ratio is 58.73%.
Hedge Funds Weigh In On MV Oil Trust
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Kingswood Wealth Advisors LLC bought a new position in MV Oil Trust during the first quarter worth $97,000. Janney Montgomery Scott LLC bought a new position in MV Oil Trust during the second quarter worth $92,000. Marshall Wace LLP bought a new position in MV Oil Trust during the second quarter worth $88,000. Finally, Allworth Financial LP bought a new stake in MV Oil Trust in the 2nd quarter valued at $55,000. 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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