MV Oil Trust (NYSE:MVO - Get Free Report) was the recipient of a large increase in short interest in February. As of February 15th, there was short interest totalling 378,800 shares, an increase of 33.8% from the January 31st total of 283,100 shares. Based on an average daily trading volume, of 103,100 shares, the days-to-cover ratio is currently 3.7 days.
MV Oil Trust Stock Down 4.3 %
Shares of NYSE:MVO traded down $0.23 during midday trading on Friday, hitting $5.15. 74,068 shares of the stock traded hands, compared to its average volume of 122,761. The stock has a market capitalization of $59.23 million, a PE ratio of 3.24 and a beta of 0.67. MV Oil Trust has a one year low of $4.63 and a one year high of $11.63. The business's 50 day moving average is $6.46 and its two-hundred day moving average is $8.14.
MV Oil Trust Cuts Dividend
The firm also recently disclosed 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 18.64%. The ex-dividend date of this dividend was Thursday, January 16th. MV Oil Trust's dividend payout ratio (DPR) is currently 60.38%.
Hedge Funds Weigh In On MV Oil Trust
A hedge fund recently bought a new stake in MV Oil Trust stock. Marshall Wace LLP purchased a new stake in MV Oil Trust (NYSE:MVO - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 37,434 shares of the oil and gas producer's stock, valued at approximately $301,000. Marshall Wace LLP owned approximately 0.33% of MV Oil Trust as of its most recent SEC filing. Institutional investors own 3.54% of the company's stock.
Wall Street Analyst Weigh In
Separately, StockNews.com downgraded MV Oil Trust from a "buy" rating to a "hold" rating in a research report on Monday, March 3rd.
Check Out Our Latest Research Report on MVO
About MV Oil Trust
(
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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