Selective Wealth Management Inc. Has $253,000 Holdings in MV Oil Trust (NYSE:MVO)

Selective Wealth Management Inc. lessened its stake in MV Oil Trust (NYSE:MVO) by 21.7% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 29,473 shares of the oil and gas producer’s stock after selling 8,168 shares during the quarter. Selective Wealth Management Inc. owned about 0.26% of MV Oil Trust worth $253,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in MVO. Marshall Wace LLP increased its stake in MV Oil Trust by 176.4% in the second 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. RIA Advisory Group LLC acquired a new position in shares of MV Oil Trust in the 3rd quarter valued at $119,000. Finally, Symphony Financial Ltd. Co. increased its position in shares of MV Oil Trust by 1.9% in the 3rd 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. Institutional investors and hedge funds own 3.54% of the company’s stock.

MV Oil Trust Stock Performance

Shares of MVO opened at $7.51 on Friday. The firm has a market capitalization of $86.37 million, a PE ratio of 4.72 and a beta of 0.78. The stock has a 50 day simple moving average of $8.50 and a 200 day simple moving average of $9.00. MV Oil Trust has a 52-week low of $7.41 and a 52-week high of $12.25.

MV Oil Trust (NYSE:MVO) last released its quarterly earnings results on Thursday, November 7th. The oil and gas producer reported $0.41 earnings per share for the quarter. The company had revenue of $4.95 million during the quarter.

MV Oil Trust Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, January 24th. Shareholders of record on Thursday, January 16th will be paid a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 12.78%. The ex-dividend date is Thursday, January 16th. MV Oil Trust’s dividend payout ratio is 83.02%.

Analysts Set New Price Targets

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

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.