MV Oil Trust (NYSE:MVO – Get Free Report) announced its earnings results on Wednesday. The oil and gas producer reported $0.47 earnings per share (EPS) for the quarter, reports. The company had revenue of $5.56 million for the quarter.
MV Oil Trust Stock Performance
Shares of MVO traded down $0.40 during mid-day trading on Friday, hitting $9.65. The company’s stock had a trading volume of 32,602 shares, compared to its average volume of 54,399. MV Oil Trust has a one year low of $8.85 and a one year high of $13.95. The firm has a market capitalization of $110.98 million, a PE ratio of 6.84 and a beta of 0.80. The stock’s 50-day moving average is $10.07 and its two-hundred day moving average is $11.22.
MV Oil Trust Cuts Dividend
The business also recently announced a quarterly dividend, which was paid on Thursday, April 25th. Shareholders of record on Monday, April 15th were given a dividend of $0.33 per share. The ex-dividend date of this dividend was Friday, April 12th. This represents a $1.32 dividend on an annualized basis and a yield of 13.68%. MV Oil Trust’s payout ratio is currently 89.80%.
Institutional Inflows and Outflows
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.
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