MV Oil Trust (NYSE:MVO) Shares Down 2.1% – Time to Sell?

MV Oil Trust (NYSE:MVO)’s share price fell 2.1% during mid-day trading on Thursday . The stock traded as low as $8.41 and last traded at $8.54. 44,918 shares were traded during mid-day trading, a decline of 23% from the average session volume of 58,108 shares. The stock had previously closed at $8.72.

Analysts Set New Price Targets

Separately, StockNews.com raised MV Oil Trust from a “hold” rating to a “buy” rating in a report on Tuesday, October 1st.

MV Oil Trust Stock Up 0.8 %

The company has a 50 day moving average of $9.03 and a two-hundred day moving average of $9.17. The firm has a market cap of $98.90 million, a P/E ratio of 5.41 and a beta of 0.76.

MV Oil Trust (NYSE:MVO) last issued its quarterly earnings results on Thursday, November 7th. The oil and gas producer reported $0.41 earnings per share for the quarter. The business had revenue of $4.95 million during the quarter.

MV Oil Trust Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 25th. Stockholders of record on Tuesday, October 15th were paid a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a dividend yield of 15.35%. The ex-dividend date was Tuesday, October 15th. MV Oil Trust’s dividend payout ratio is presently 83.02%.

Hedge Funds Weigh In On MV Oil Trust

Institutional investors have recently bought and sold shares of the stock. RIA Advisory Group LLC purchased a new stake in shares of MV Oil Trust in the 3rd quarter valued at approximately $119,000. Symphony Financial Ltd. Co. raised its stake in MV Oil Trust by 1.9% during the 3rd quarter. Symphony Financial Ltd. Co. now owns 69,360 shares of the oil and gas producer’s stock valued at $652,000 after purchasing an additional 1,302 shares during the period. Finally, Marshall Wace LLP lifted its holdings in shares of 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 valued at $307,000 after purchasing an additional 20,791 shares in the last quarter. Hedge funds and other institutional investors own 3.54% of the company’s stock.

MV Oil Trust Company Profile

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.