Significant Wealth Partners LLC acquired a new position in shares of MV Oil Trust (NYSE:MVO - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 105,920 shares of the oil and gas producer's stock, valued at approximately $1,269,000. Significant Wealth Partners LLC owned 0.92% of MV Oil Trust as of its most recent SEC filing.
Separately, Janney Montgomery Scott LLC increased its stake in MV Oil Trust by 6.4% in the 3rd quarter. Janney Montgomery Scott LLC now owns 17,740 shares of the oil and gas producer's stock valued at $242,000 after buying an additional 1,060 shares during the last quarter. 3.54% of the stock is currently owned by institutional investors and hedge funds.
MV Oil Trust Price Performance
MVO stock traded down $0.33 during midday trading on Monday, hitting $9.46. The company's stock had a trading volume of 54,122 shares, compared to its average volume of 57,373. MV Oil Trust has a twelve month low of $8.85 and a twelve month high of $13.95. The company's fifty day moving average price is $10.42 and its 200 day moving average price is $11.46. The stock has a market capitalization of $108.79 million, a P/E ratio of 6.44 and a beta of 0.80.
MV Oil Trust (NYSE:MVO - Get Free Report) last issued its quarterly earnings results on Wednesday, March 20th. The oil and gas producer reported $0.38 earnings per share (EPS) for the quarter. The business had revenue of $4.55 million during the quarter.
MV Oil Trust Cuts Dividend
The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 25th. Shareholders of record on Monday, April 15th will be paid a $0.33 dividend. The ex-dividend date of this dividend is Friday, April 12th. This represents a $1.32 annualized dividend and a yield of 13.95%. MV Oil Trust's payout ratio is currently 89.80%.
MV Oil Trust Company Profile
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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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