MV Oil Trust (NYSE:MVO) Trading 3.8% Higher

MV Oil Trust (NYSE:MVO) shares traded up 3.8% on Thursday . The company traded as high as $7.94 and last traded at $7.94. 60,897 shares changed hands during mid-day trading, a decline of 41% from the average session volume of 104,004 shares. The stock had previously closed at $7.65.

The company has a market cap of $90.05 million, a P/E ratio of 8.54 and a beta of 1.55. The stock has a 50-day moving average of $6.99 and a 200 day moving average of $6.28.

MV Oil Trust (NYSE:MVO) last issued its quarterly earnings results on Thursday, August 12th. The oil and gas producer reported $0.21 EPS for the quarter. The company had revenue of $2.62 million during the quarter.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 23rd. Investors of record on Friday, July 16th were paid a $0.30 dividend. The ex-dividend date of this dividend was Thursday, July 15th. This is a positive change from MV Oil Trust’s previous quarterly dividend of $0.21. This represents a $1.20 annualized dividend and a yield of 15.33%.

A number of large investors have recently added to or reduced their stakes in the stock. Morgan Stanley boosted its stake in shares of MV Oil Trust by 41.7% during the second quarter. Morgan Stanley now owns 140,267 shares of the oil and gas producer’s stock valued at $1,190,000 after purchasing an additional 41,267 shares in the last quarter. Sigma Planning Corp acquired a new stake in shares of MV Oil Trust during the second quarter valued at about $88,000. Finally, Janney Montgomery Scott LLC acquired a new stake in shares of MV Oil Trust during the first quarter valued at about $55,000. 2.95% of the stock is currently owned by institutional investors and hedge funds.

MV Oil Trust Company Profile (NYSE:MVO)

MV Oil Trust is a close-ended investment trust. It engages in acquiring and holding a term net profits interest for the benefit of the trust unitholders. The company was founded on August 3, 2006 and is headquartered in Houston, TX.

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