MV Oil Trust (NYSE:MVO - Get Free Report) saw a significant growth in short interest in the month of February. As of February 28th, there was short interest totalling 455,200 shares, a growth of 20.2% from the February 13th total of 378,800 shares. Based on an average daily volume of 105,700 shares, the days-to-cover ratio is currently 4.3 days. Approximately 4.0% of the shares of the company are sold short.
MV Oil Trust Stock Performance
NYSE:MVO traded down $0.84 during mid-day trading on Friday, reaching $5.66. 273,583 shares of the company's stock were exchanged, compared to its average volume of 72,740. MV Oil Trust has a one year low of $4.63 and a one year high of $11.63. The firm has a market capitalization of $65.08 million, a PE ratio of 3.56 and a beta of 0.67. The business's fifty day simple moving average is $5.91 and its two-hundred day simple moving average is $7.86.
MV Oil Trust (NYSE:MVO - Get Free Report) last released its quarterly earnings results on Thursday, March 20th. The oil and gas producer reported $1.02 EPS for the quarter. The business had revenue of $12.68 million for the quarter.
MV Oil Trust Cuts Dividend
The company also recently announced a quarterly dividend, which was paid on Friday, January 24th. Shareholders of record on Thursday, January 16th were issued a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 16.96%. The ex-dividend date of this dividend was Thursday, January 16th. MV Oil Trust's dividend payout ratio is currently 60.38%.
Wall Street Analyst Weigh In
Separately, StockNews.com lowered shares of MV Oil Trust from a "buy" rating to a "hold" rating in a research report on Wednesday, March 12th.
Check Out Our Latest Stock Analysis on MV Oil Trust
Hedge Funds Weigh In On MV Oil Trust
An institutional investor recently bought a new position in MV Oil Trust stock. Marshall Wace LLP bought a new stake in MV Oil Trust (NYSE:MVO - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm bought 37,434 shares of the oil and gas producer's stock, valued at approximately $301,000. Marshall Wace LLP owned 0.33% of MV Oil Trust as of its most recent SEC filing. Institutional investors and hedge funds own 3.54% of the company's stock.
MV Oil Trust Company Profile
(
Get Free Report)
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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