MV Oil Trust (NYSE:MVO - Get Free Report) was upgraded by equities research analysts at StockNews.com from a "hold" rating to a "buy" rating in a report released on Friday.
MV Oil Trust Trading Down 4.9 %
Shares of NYSE:MVO traded down $0.49 on Friday, reaching $9.56. 67,750 shares of the company were exchanged, compared to its average volume of 57,272. MV Oil Trust has a 1-year low of $8.85 and a 1-year high of $13.95. The company has a 50-day moving average of $10.06 and a 200-day moving average of $11.20. The firm has a market cap of $109.94 million, a price-to-earnings ratio of 6.50 and a beta of 0.80.
MV Oil Trust (NYSE:MVO - Get Free Report) last posted its quarterly earnings results on Wednesday, May 8th. The oil and gas producer reported $0.47 earnings per share (EPS) for the quarter. The company had revenue of $5.56 million for the quarter.
Institutional Trading of MV Oil Trust
Large investors have recently modified their holdings of the business. Significant Wealth Partners LLC purchased a new stake in MV Oil Trust in the 4th quarter valued at approximately $1,269,000. Symphony Financial Ltd. Co. lifted its position in shares of MV Oil Trust by 1.6% in the first quarter. Symphony Financial Ltd. Co. now owns 67,103 shares of the oil and gas producer's stock valued at $717,000 after acquiring an additional 1,066 shares in the last quarter. Janney Montgomery Scott LLC boosted its stake in shares of MV Oil Trust by 6.4% during the third quarter. Janney Montgomery Scott LLC now owns 17,740 shares of the oil and gas producer's stock valued at $242,000 after acquiring an additional 1,060 shares during the last quarter. Finally, RIA Advisory Group LLC acquired a new stake in shares of MV Oil Trust during the first quarter valued at $128,000. 3.54% of the stock is currently owned by institutional investors and hedge funds.
MV Oil Trust Company Profile
(
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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