MV Oil Trust (NYSE:MVO – Get Free Report) announced its quarterly earnings data on Wednesday. The oil and gas producer reported $0.47 earnings per share for the quarter, reports. The firm had revenue of $5.56 million during the quarter.
MV Oil Trust Stock Performance
Shares of NYSE MVO traded down $0.40 during trading on Friday, hitting $9.65. 32,602 shares of the company were exchanged, compared to its average volume of 54,399. MV Oil Trust has a 12-month low of $8.85 and a 12-month high of $13.95. The company has a fifty day moving average price of $10.07 and a 200-day moving average price of $11.22. The firm has a market capitalization of $110.98 million, a PE ratio of 6.84 and a beta of 0.80.
MV Oil Trust Cuts Dividend
The business also recently declared a quarterly dividend, which was paid on Thursday, April 25th. Stockholders of record on Monday, April 15th were issued a dividend of $0.33 per share. The ex-dividend date was Friday, April 12th. This represents a $1.32 annualized dividend and a dividend yield of 13.68%. MV Oil Trust’s dividend payout ratio is presently 89.80%.
Institutional Inflows and Outflows
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.
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