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

MV Oil Trust (NYSE:MVO) announced its earnings results on Wednesday. The oil and gas producer reported $0.14 earnings per share (EPS) for the quarter, Zacks reports.

MV Oil Trust Stock Up 0.5%

MV Oil Trust stock opened at $2.09 on Thursday. The company has a market capitalization of $24.04 million, a P/E ratio of 2.27 and a beta of -0.11. The stock’s 50 day moving average is $2.41 and its 200 day moving average is $2.16. MV Oil Trust has a twelve month low of $0.97 and a twelve month high of $6.26.

MV Oil Trust Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, April 24th. Stockholders of record on Wednesday, April 15th were given a $0.17 dividend. The ex-dividend date of this dividend was Wednesday, April 15th. This represents a $0.68 annualized dividend and a dividend yield of 32.5%. This is an increase from MV Oil Trust’s previous quarterly dividend of $0.14. MV Oil Trust’s dividend payout ratio is currently 73.91%.

Institutional Trading of MV Oil Trust

Hedge funds and other institutional investors have recently made changes to their positions in the stock. HRT Financial LP purchased a new stake in shares of MV Oil Trust in the 4th quarter worth approximately $28,000. XTX Topco Ltd purchased a new stake in shares of MV Oil Trust in the 4th quarter worth approximately $45,000. Finally, Marshall Wace LLP purchased a new stake in shares of MV Oil Trust in the 2nd quarter worth approximately $88,000. Hedge funds and other institutional investors own 3.54% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “sell (d)” rating on shares of MV Oil Trust in a research report on Friday, March 27th. One analyst has rated the stock with a Sell rating, According to MarketBeat, the stock has an average rating of “Sell”.

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.