Selective Wealth Management Inc. Sells 8,168 Shares of MV Oil Trust (NYSE:MVO)

Selective Wealth Management Inc. cut its stake in shares of MV Oil Trust (NYSE:MVO) by 21.7% in the 4th quarter, HoldingsChannel.com reports. The firm owned 29,473 shares of the oil and gas producer’s stock after selling 8,168 shares during the quarter. Selective Wealth Management Inc.’s holdings in MV Oil Trust were worth $253,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Marshall Wace LLP raised its stake in shares of MV Oil Trust by 176.4% during the 2nd quarter. Marshall Wace LLP now owns 32,576 shares of the oil and gas producer’s stock worth $307,000 after purchasing an additional 20,791 shares in the last quarter. RIA Advisory Group LLC acquired a new position in MV Oil Trust during the third quarter worth $119,000. Finally, Symphony Financial Ltd. Co. increased its holdings in MV Oil Trust by 1.9% during the third quarter. Symphony Financial Ltd. Co. now owns 69,360 shares of the oil and gas producer’s stock worth $652,000 after buying an additional 1,302 shares during the last quarter. 3.54% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Separately, StockNews.com raised shares of MV Oil Trust from a “hold” rating to a “buy” rating in a research report on Tuesday, October 1st.

MV Oil Trust Stock Performance

MV Oil Trust stock opened at $7.51 on Friday. The stock has a 50-day simple moving average of $8.50 and a 200 day simple moving average of $9.00. The stock has a market capitalization of $86.37 million, a P/E ratio of 4.72 and a beta of 0.78. MV Oil Trust has a 52 week low of $7.41 and a 52 week high of $12.25.

MV Oil Trust (NYSE:MVO) last issued its earnings results on Thursday, November 7th. The oil and gas producer reported $0.41 EPS for the quarter. The business had revenue of $4.95 million for the quarter.

MV Oil Trust Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 24th. Stockholders of record on Thursday, January 16th will be given a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 12.78%. The ex-dividend date is Thursday, January 16th. MV Oil Trust’s payout ratio is presently 83.02%.

About MV Oil Trust

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.