StockNews.com downgraded shares of MV Oil Trust (NYSE:MVO – Free Report) from a buy rating to a hold rating in a report published on Monday.
MV Oil Trust Stock Performance
MV Oil Trust stock opened at $9.28 on Monday. MV Oil Trust has a twelve month low of $8.42 and a twelve month high of $13.95. The firm has a market cap of $106.72 million, a PE ratio of 6.07 and a beta of 0.76. The firm’s 50 day moving average price is $9.19 and its two-hundred day moving average price is $9.52.
MV Oil Trust (NYSE:MVO – Get Free Report) last posted its quarterly earnings results on Friday, August 9th. The oil and gas producer reported $0.33 earnings per share for the quarter. The company had revenue of $4.02 million during the quarter.
MV Oil Trust Increases Dividend
Institutional Trading of MV Oil Trust
A number of institutional investors have recently added to or reduced their stakes in MVO. Symphony Financial Ltd. Co. raised its holdings in shares of MV Oil Trust by 1.6% during 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 purchasing an additional 1,066 shares in the last quarter. Marshall Wace LLP raised 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 valued at $307,000 after buying an additional 20,791 shares in the last quarter. Finally, RIA Advisory Group LLC acquired a new stake in shares of MV Oil Trust in the first quarter worth about $128,000. 3.54% of the stock is currently owned by institutional investors and hedge funds.
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.
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