MV Oil Trust (NYSE:MVO) Announces Earnings Results

MV Oil Trust (NYSE:MVO) issued its quarterly earnings results on Thursday. The oil and gas producer reported $0.41 earnings per share (EPS) for the quarter, reports. The business had revenue of $4.95 million for the quarter.

MV Oil Trust Stock Performance

Shares of MVO opened at $8.82 on Friday. MV Oil Trust has a 1 year low of $8.42 and a 1 year high of $12.73. The stock has a market capitalization of $101.43 million, a PE ratio of 5.84 and a beta of 0.77. The stock has a 50-day simple moving average of $9.27 and a 200-day simple moving average of $9.32.

MV Oil Trust Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, October 25th. Shareholders of record on Tuesday, October 15th were issued a dividend of $0.33 per share. The ex-dividend date was Tuesday, October 15th. This represents a $1.32 annualized dividend and a yield of 14.97%. MV Oil Trust’s dividend payout ratio (DPR) is 87.42%.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded shares of MV Oil Trust from a “hold” rating to a “buy” rating in a report on Tuesday, October 1st.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Marshall Wace LLP raised its holdings in shares of MV Oil Trust by 176.4% in the 2nd quarter. Marshall Wace LLP now owns 32,576 shares of the oil and gas producer’s stock valued at $307,000 after purchasing an additional 20,791 shares in the last quarter. Symphony Financial Ltd. Co. raised its stake in MV Oil Trust by 1.9% in the third quarter. Symphony Financial Ltd. Co. now owns 69,360 shares of the oil and gas producer’s stock valued at $652,000 after buying an additional 1,302 shares in the last quarter. Finally, RIA Advisory Group LLC purchased a new stake in MV Oil Trust during the 3rd quarter worth about $119,000. Hedge funds and other institutional investors own 3.54% of the company’s stock.

About MV Oil Trust

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.