MV Oil Trust (NYSE:MVO) Sees Large Increase in Short Interest

MV Oil Trust (NYSE:MVO) was the recipient of a significant increase in short interest during the month of December. As of December 31st, there was short interest totaling 804,812 shares, an increase of 31.8% from the December 15th total of 610,718 shares. Approximately 7.0% of the company’s shares are sold short. Based on an average daily trading volume, of 183,452 shares, the days-to-cover ratio is currently 4.4 days. Based on an average daily trading volume, of 183,452 shares, the days-to-cover ratio is currently 4.4 days. Approximately 7.0% of the company’s shares are sold short.

Analyst Upgrades and Downgrades

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

MV Oil Trust Stock Performance

Shares of MV Oil Trust stock traded down $0.44 during trading on Monday, hitting $1.79. 713,984 shares of the company’s stock were exchanged, compared to its average volume of 767,846. The stock has a market capitalization of $20.53 million, a price-to-earnings ratio of 1.72 and a beta of -0.13. The business has a 50-day simple moving average of $1.63 and a 200-day simple moving average of $4.27. MV Oil Trust has a 52-week low of $0.97 and a 52-week high of $8.25.

MV Oil Trust (NYSE:MVO) last released its quarterly earnings data 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.

MV Oil Trust Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 23rd. Investors of record on Friday, January 16th will be given a dividend of $0.14 per share. The ex-dividend date of this dividend is Friday, January 16th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 31.4%. MV Oil Trust’s dividend payout ratio (DPR) is presently 78.85%.

Hedge Funds Weigh In On MV Oil Trust

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Janney Montgomery Scott LLC acquired a new position in MV Oil Trust during the 2nd quarter worth approximately $92,000. Marshall Wace LLP purchased a new stake in MV Oil Trust in the second quarter valued at approximately $88,000. Finally, Allworth Financial LP purchased a new stake in MV Oil Trust in the 2nd quarter valued at $55,000. Hedge funds and other institutional investors own 3.54% of the company’s stock.

MV Oil Trust Company Profile

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.