MV Oil Trust (NYSE:MVO) Stock Rating Lowered by StockNews.com

MV Oil Trust (NYSE:MVO) was downgraded by equities researchers at StockNews.com from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Monday.

MV Oil Trust Stock Up 1.0 %

Shares of MV Oil Trust stock opened at $9.31 on Monday. The firm has a market cap of $107.07 million, a price-to-earnings ratio of 6.08 and a beta of 0.76. The business has a 50-day moving average price of $9.19 and a 200-day moving average price of $9.52. MV Oil Trust has a twelve month low of $8.42 and a twelve month high of $13.95.

MV Oil Trust (NYSE:MVO) last issued its quarterly earnings data on Friday, August 9th. The oil and gas producer reported $0.33 earnings per share for the quarter. The firm had revenue of $4.02 million for the quarter.

Institutional Trading of MV Oil Trust

Several institutional investors have recently added to or reduced their stakes in MVO. RIA Advisory Group LLC bought a new stake in MV Oil Trust in the first quarter worth about $128,000. Marshall Wace LLP lifted its stake in MV Oil Trust by 176.4% in the second quarter. Marshall Wace LLP now owns 32,576 shares of the oil and gas producer’s stock worth $307,000 after purchasing an additional 20,791 shares during the last quarter. Finally, Symphony Financial Ltd. Co. raised its stake in shares of MV Oil Trust by 1.6% during the first quarter. Symphony Financial Ltd. Co. now owns 67,103 shares of the oil and gas producer’s stock valued at $717,000 after acquiring an additional 1,066 shares in the last quarter. Institutional investors own 3.54% of the company’s stock.

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.