Weiss Ratings Reiterates Sell (D+) Rating for MV Oil Trust (NYSE:MVO)

Key Points

• Weiss Ratings has reiterated a "sell (D+)" rating for MV Oil Trust (NYSE:MVO), signaling a bearish outlook on the stock.
• MV Oil Trust's stock experienced a 1.7% decline, trading at $6.01 with a market capitalization of $69.06 million.
• The trust reported earnings of $0.28 per share and revenue of $3.38 million for the last quarter, indicating ongoing struggles in profitability.

MV Oil Trust (NYSE:MVO - Get Free Report)'s stock had its "sell (d+)" rating reaffirmed by analysts at Weiss Ratings in a research note issued on Wednesday,Weiss Ratings reports.

MV Oil Trust Trading Down 1.7%

Shares of NYSE MVO traded down $0.11 during mid-day trading on Wednesday, hitting $6.01. The company had a trading volume of 35,625 shares, compared to its average volume of 88,350. The company has a market capitalization of $69.06 million, a price-to-earnings ratio of 4.77 and a beta of -0.11. MV Oil Trust has a 1 year low of $4.63 and a 1 year high of $10.31. The stock's 50-day moving average price is $5.88 and its 200-day moving average price is $5.83.

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

Institutional Investors Weigh In On MV Oil Trust

Several large investors have recently added to or reduced their stakes in MVO. Allworth Financial LP bought a new stake in MV Oil Trust during the second quarter valued at $55,000. Marshall Wace LLP bought a new stake in MV Oil Trust during the second quarter valued at $88,000. Janney Montgomery Scott LLC bought a new stake in MV Oil Trust during the second quarter valued at $92,000. Finally, Kingswood Wealth Advisors LLC bought a new stake in MV Oil Trust during the first quarter worth about $97,000. Institutional investors own 3.54% of the company's stock.

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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