MV Oil Trust (NYSE:MVO) Shares Pass Above 200-Day Moving Average – Here’s Why

MV Oil Trust (NYSE:MVO)’s share price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $3.35 and traded as high as $3.37. MV Oil Trust shares last traded at $2.22, with a volume of 2,625,365 shares.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of MV Oil Trust in a research note on Monday, December 29th. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock presently has a consensus rating of “Sell”.

MV Oil Trust Price Performance

The firm has a 50-day moving average of $1.63 and a 200 day moving average of $3.34. The company has a market capitalization of $29.21 million, a PE ratio of 2.44 and a beta of -0.15.

MV Oil Trust Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 23rd. Investors of record on Friday, January 16th were given a dividend of $0.14 per share. The ex-dividend date was Friday, January 16th. This represents a $0.56 dividend on an annualized basis and a yield of 22.0%. MV Oil Trust’s dividend payout ratio is 53.85%.

Institutional Investors Weigh In On MV Oil Trust

A number of large investors have recently added to or reduced their stakes in MVO. XTX Topco Ltd bought a new position in MV Oil Trust in the 4th quarter worth $45,000. HRT Financial LP purchased a new position in shares of MV Oil Trust in the fourth quarter valued at about $28,000. Marshall Wace LLP bought a new position in shares of MV Oil Trust in the second quarter worth about $88,000. Finally, Allworth Financial LP purchased a new stake in shares of MV Oil Trust during the second quarter worth about $55,000. Institutional investors own 3.54% of the company’s stock.

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.