MV Oil Trust (NYSE:MVO - Get Free Report) issued its quarterly earnings data on Thursday. The oil and gas producer reported $1.02 earnings per share for the quarter, Zacks reports. The firm had revenue of $12.68 million during the quarter.
MV Oil Trust Stock Performance
Shares of NYSE:MVO traded down $0.36 on Monday, hitting $5.32. The stock had a trading volume of 220,367 shares, compared to its average volume of 73,330. The firm's 50 day moving average price is $5.91 and its 200-day moving average price is $7.85. MV Oil Trust has a twelve month low of $4.63 and a twelve month high of $11.63. The company has a market capitalization of $61.12 million, a price-to-earnings ratio of 3.34 and a beta of 0.67.
MV Oil Trust Cuts Dividend
The business also recently disclosed a quarterly dividend, which was paid on Friday, January 24th. Shareholders of record on Thursday, January 16th were paid a dividend of $0.24 per share. The ex-dividend date was Thursday, January 16th. This represents a $0.96 annualized dividend and a yield of 18.06%. MV Oil Trust's dividend payout ratio is currently 60.38%.
Analyst Ratings Changes
Separately, StockNews.com cut shares of MV Oil Trust from a "buy" rating to a "hold" rating in a research note on Wednesday, March 12th.
Read Our Latest Stock Report on MV Oil Trust
About MV Oil Trust
(
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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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