MV Oil Trust (NYSE:MVO) Issues Earnings Results

MV Oil Trust (NYSE:MVO) announced its quarterly earnings data on Thursday. The oil and gas producer reported $1.02 earnings per share for the quarter, Zacks reports.

MV Oil Trust Trading Up 0.9 %

Shares of NYSE:MVO traded up $0.06 during trading on Thursday, hitting $6.53. 92,852 shares of the stock were exchanged, compared to its average volume of 71,621. The company has a fifty day moving average price of $6.00 and a two-hundred day moving average price of $7.90. The company has a market cap of $75.10 million, a PE ratio of 4.11 and a beta of 0.67. MV Oil Trust has a 12-month low of $4.63 and a 12-month high of $11.63.

MV Oil Trust Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, January 24th. Stockholders of record on Thursday, January 16th were paid a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 14.70%. The ex-dividend date was Thursday, January 16th. MV Oil Trust’s dividend payout ratio (DPR) is 60.38%.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered MV Oil Trust from a “buy” rating to a “hold” rating in a report on Wednesday, March 12th.

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.