MV Oil Trust (NYSE:MVO) Stock Rating Lowered by StockNews.com

MV Oil Trust (NYSE:MVO) was downgraded by equities researchers at StockNews.com from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Monday.

MV Oil Trust Stock Performance

MVO stock opened at $9.31 on Monday. The stock’s 50 day simple moving average is $9.19 and its 200 day simple moving average is $9.52. MV Oil Trust has a fifty-two week low of $8.42 and a fifty-two week high of $13.95. The company has a market cap of $107.07 million, a P/E ratio of 6.08 and a beta of 0.76.

MV Oil Trust (NYSE:MVO) last released its earnings results on Friday, August 9th. The oil and gas producer reported $0.33 earnings per share (EPS) for the quarter. The business had revenue of $4.02 million during the quarter.

Institutional Investors Weigh In On MV Oil Trust

A number of institutional investors and hedge funds have recently made changes to their positions in MVO. RIA Advisory Group LLC bought a new stake in shares of MV Oil Trust in the first quarter worth about $128,000. Marshall Wace LLP lifted its holdings in shares of MV Oil Trust by 176.4% during the 2nd quarter. Marshall Wace LLP now owns 32,576 shares of the oil and gas producer’s stock valued at $307,000 after buying an additional 20,791 shares during the period. Finally, Symphony Financial Ltd. Co. lifted its holdings in shares of MV Oil Trust by 1.6% during the 1st quarter. Symphony Financial Ltd. Co. now owns 67,103 shares of the oil and gas producer’s stock valued at $717,000 after buying an additional 1,066 shares during the period. Hedge funds and other 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.