MV Oil Trust (NYSE:MVO) Posts Earnings Results

MV Oil Trust (NYSE:MVOGet Free Report) issued its quarterly earnings results on Tuesday. The oil and gas producer reported $0.21 EPS for the quarter, Zacks reports.

MV Oil Trust Stock Performance

Shares of MV Oil Trust stock opened at $2.15 on Wednesday. MV Oil Trust has a 52-week low of $0.97 and a 52-week high of $6.40. The stock has a market capitalization of $24.73 million, a price-to-earnings ratio of 2.07 and a beta of -0.15. The company has a fifty day moving average of $1.91 and a 200-day moving average of $2.97.

MV Oil Trust Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 23rd. Stockholders of record on Friday, January 16th were issued a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a dividend yield of 26.0%. The ex-dividend date was Friday, January 16th. MV Oil Trust’s payout ratio is presently 53.85%.

Hedge Funds Weigh In On MV Oil Trust

Large investors have recently added to or reduced their stakes in the business. XTX Topco Ltd purchased a new stake in MV Oil Trust during the fourth quarter valued at about $45,000. HRT Financial LP bought a new stake in shares of MV Oil Trust in the 4th quarter valued at about $28,000. Finally, Marshall Wace LLP bought a new stake in shares of MV Oil Trust in the 2nd quarter valued at about $88,000. Hedge funds and other institutional investors own 3.54% of the company’s stock.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of MV Oil Trust in a research report on Monday, December 29th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company currently has an average rating of “Sell”.

Read Our Latest Stock Analysis on MV Oil Trust

MV Oil Trust Company Profile

(Get Free Report)

MV Oil Trust is an exchange-listed royalty trust that holds overriding royalty and net profits interests in oil and gas properties across the United States. As a non-operating entity, the trust does not engage in exploration or development; instead, it collects a share of production revenues after operating expenses are deducted.

The trust’s interests are primarily concentrated in onshore hydrocarbon fields in West Texas, providing unitholders with exposure to established production streams.

Further Reading

Earnings History for MV Oil Trust (NYSE:MVO)

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