MV Oil Trust (NYSE:MVO) Releases Earnings Results

MV Oil Trust (NYSE:MVO) announced its earnings results on Thursday. The oil and gas producer reported $1.02 EPS for the quarter, Zacks reports.

MV Oil Trust Stock Up 0.9 %

Shares of MV Oil Trust stock traded up $0.06 during mid-day trading on Thursday, reaching $6.53. 92,852 shares of the stock traded hands, compared to its average volume of 71,621. The business has a 50-day moving average of $6.00 and a 200 day moving average of $7.90. MV Oil Trust has a fifty-two week low of $4.63 and a fifty-two week high of $11.63. The stock has a market capitalization of $75.10 million, a PE ratio of 4.11 and a beta of 0.67.

MV Oil Trust Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, January 24th. Investors of record on Thursday, January 16th were issued a $0.24 dividend. The ex-dividend date of this dividend was Thursday, January 16th. This represents a $0.96 dividend on an annualized basis and a yield of 14.70%. MV Oil Trust’s payout ratio is 60.38%.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered MV Oil Trust from a “buy” rating to a “hold” rating in a research report on Wednesday, March 12th.

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.