MV Oil Trust (NYSE:MVO) Short Interest Update

MV Oil Trust (NYSE:MVO) was the target of a large decrease in short interest in the month of July. As of July 15th, there was short interest totaling 478,454 shares, a decrease of 51.3% from the June 30th total of 982,799 shares. Based on an average daily volume of 761,788 shares, the days-to-cover ratio is currently 0.6 days. Currently, 4.2% of the shares of the stock are sold short.

MV Oil Trust Price Performance

MVO remained flat at $0.60 during trading on Tuesday. The company’s fifty day moving average price is $1.36 and its 200-day moving average price is $1.83. The firm has a market cap of $6.85 million, a PE ratio of 0.73 and a beta of -0.21. MV Oil Trust has a twelve month low of $0.58 and a twelve month high of $6.19.

MV Oil Trust (NYSE:MVO) last posted its earnings results on Wednesday, May 13th. The oil and gas producer reported $0.14 earnings per share for the quarter. The firm had revenue of $1.84 million during the quarter.

MV Oil Trust Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 24th. Investors of record on Wednesday, July 15th were paid a $0.5938 dividend. This represents a $2.38 dividend on an annualized basis and a yield of 398.9%. The ex-dividend date of this dividend was Wednesday, July 15th. This is a positive change from MV Oil Trust’s previous quarterly dividend of $0.17. MV Oil Trust’s dividend payout ratio is currently 289.02%.

Hedge Funds Weigh In On MV Oil Trust

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Marshall Wace LLP purchased a new stake in shares of MV Oil Trust in the second quarter valued at about $88,000. HRT Financial LP acquired a new position in shares of MV Oil Trust during the 4th quarter worth approximately $28,000. XTX Topco Ltd acquired a new position in shares of MV Oil Trust during the 4th quarter worth approximately $45,000. Finally, Bank of America Corp DE lifted its stake in MV Oil Trust by 1,614.1% in the 1st quarter. Bank of America Corp DE now owns 55,708 shares of the oil and gas producer’s stock valued at $126,000 after buying an additional 52,458 shares in the last quarter. Institutional investors and hedge funds 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 note on Wednesday, June 24th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, MV Oil Trust currently has a consensus rating of “Sell”.

About MV Oil Trust

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.