MV Oil Trust (NYSE:MVO) Upgraded at StockNews.com

StockNews.com upgraded shares of MV Oil Trust (NYSE:MVO) from a hold rating to a buy rating in a research note published on Tuesday morning.

MV Oil Trust Stock Performance

Shares of MV Oil Trust stock opened at $9.63 on Tuesday. MV Oil Trust has a 52 week low of $8.42 and a 52 week high of $13.95. The stock has a 50 day moving average price of $9.23 and a two-hundred day moving average price of $9.52. The stock has a market capitalization of $110.75 million, a PE ratio of 6.32 and a beta of 0.75.

MV Oil Trust (NYSE:MVO) last announced its quarterly earnings results on Friday, August 9th. The oil and gas producer reported $0.33 EPS for the quarter. The business had revenue of $4.02 million for the quarter.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the company. Symphony Financial Ltd. Co. increased its stake in MV Oil Trust by 1.6% in the 1st quarter. Symphony Financial Ltd. Co. now owns 67,103 shares of the oil and gas producer’s stock valued at $717,000 after buying an additional 1,066 shares during the last quarter. RIA Advisory Group LLC bought a new stake in MV Oil Trust during the first quarter worth $128,000. Finally, Marshall Wace LLP lifted its holdings in MV Oil Trust by 176.4% during the second quarter. Marshall Wace LLP now owns 32,576 shares of the oil and gas producer’s stock worth $307,000 after acquiring an additional 20,791 shares during the period. 3.54% of the stock is owned by institutional investors.

About MV Oil Trust

MV Oil Trust acquires and holds term net profits interests in the oil and natural gas properties of MV Partners, LLC. Its properties wells located in the Mid-Continent region in the states of Kansas and Colorado. MV Oil Trust was incorporated in 2006 and is based in Houston, Texas.