MV Oil Trust (NYSE:MVO) Announces Quarterly Earnings Results

MV Oil Trust (NYSE:MVOGet Free Report) released its quarterly earnings data on Tuesday. The oil and gas producer reported $0.21 earnings per share for the quarter, Zacks reports.

MV Oil Trust Price Performance

MVO opened at $2.15 on Wednesday. MV Oil Trust has a one year low of $0.97 and a one year high of $6.40. The business has a 50 day simple moving average of $1.91 and a two-hundred day simple moving average of $2.97. The firm has a market capitalization of $24.73 million, a price-to-earnings ratio of 2.07 and a beta of -0.15.

MV Oil Trust Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, January 23rd. Investors of record on Friday, January 16th were issued a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a yield of 26.0%. The ex-dividend date was Friday, January 16th. MV Oil Trust’s payout ratio is currently 53.85%.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed 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.com, MV Oil Trust presently has a consensus rating of “Sell”.

Read Our Latest Stock Report on MVO

Hedge Funds Weigh In On MV Oil Trust

Hedge funds have recently made changes to their positions in the business. XTX Topco Ltd bought a new position in shares of MV Oil Trust during the fourth quarter valued at approximately $45,000. HRT Financial LP bought a new stake in MV Oil Trust in the fourth quarter valued at $28,000. Finally, Marshall Wace LLP purchased a new position in MV Oil Trust during the 2nd quarter valued at $88,000. 3.54% of the stock is owned by hedge funds and other institutional investors.

About MV Oil Trust

(Get Free Report)

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.

Further Reading

Earnings History for MV Oil Trust (NYSE:MVO)

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