Symphony Financial Ltd. Co. Acquires 1,066 Shares of MV Oil Trust (NYSE:MVO)

Symphony Financial Ltd. Co. grew its holdings in shares of MV Oil Trust (NYSE:MVO) by 1.6% during the first quarter, according to the company in its most recent disclosure with the SEC. The fund owned 67,103 shares of the oil and gas producer’s stock after buying an additional 1,066 shares during the quarter. Symphony Financial Ltd. Co. owned 0.58% of MV Oil Trust worth $717,000 at the end of the most recent reporting period.

Separately, Significant Wealth Partners LLC bought a new position in shares of MV Oil Trust during the fourth quarter valued at approximately $1,269,000. 3.54% of the stock is currently owned by institutional investors.

MV Oil Trust Trading Up 1.8 %

Shares of NYSE MVO traded up $0.17 during trading hours on Friday, reaching $9.42. The stock had a trading volume of 18,150 shares, compared to its average volume of 52,479. The firm has a market cap of $108.33 million, a price-to-earnings ratio of 6.16 and a beta of 0.76. The business’s fifty day moving average price is $9.43 and its two-hundred day moving average price is $10.52. MV Oil Trust has a 52-week low of $8.42 and a 52-week high of $13.95.

MV Oil Trust (NYSE:MVO) last announced its quarterly earnings results on Wednesday, May 8th. The oil and gas producer reported $0.47 earnings per share (EPS) for the quarter. The firm had revenue of $5.56 million during the quarter.

MV Oil Trust Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, April 25th. Investors of record on Monday, April 15th were issued a $0.33 dividend. The ex-dividend date was Friday, April 12th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 14.01%. MV Oil Trust’s payout ratio is 86.27%.

Analyst Ratings Changes

Separately, StockNews.com raised MV Oil Trust from a “hold” rating to a “buy” rating in a research note on Friday, May 10th.

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.