MV Oil Trust (MVO) to Issue Quarterly Dividend of $0.14 on January 23rd

MV Oil Trust (NYSE:MVO) declared a quarterly dividend on Tuesday, January 6th. Investors of record on Friday, January 16th will be paid a dividend of 0.14 per share by the oil and gas producer on Friday, January 23rd. This represents a c) annualized dividend and a yield of 23.5%. The ex-dividend date of this dividend is Friday, January 16th.

MV Oil Trust has raised its dividend by an average of 0.1%annually over the last three years.

MV Oil Trust Stock Up 46.3%

NYSE:MVO opened at $2.39 on Wednesday. MV Oil Trust has a twelve month low of $0.97 and a twelve month high of $8.87. The firm has a market capitalization of $27.43 million, a price-to-earnings ratio of 2.29 and a beta of -0.13. The stock’s 50 day moving average price is $1.78 and its two-hundred day moving average price is $4.35.

MV Oil Trust (NYSE:MVO) last released its earnings results on Monday, November 10th. The oil and gas producer reported $0.19 earnings per share for the quarter. The firm had revenue of $2.36 million during the quarter.

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 MVO. Janney Montgomery Scott LLC acquired a new position in shares of MV Oil Trust in the second quarter valued at $92,000. Allworth Financial LP bought a new stake in shares of MV Oil Trust during the 2nd quarter worth about $55,000. Finally, Marshall Wace LLP acquired a new position in MV Oil Trust in the 2nd quarter valued at about $88,000. 3.54% of the stock is owned by institutional investors.

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.