MV Oil Trust (NYSE:MVO) Cut to “Hold” at StockNews.com

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

MV Oil Trust Stock Performance

MV Oil Trust stock opened at $4.89 on Monday. The stock has a market cap of $56.24 million, a PE ratio of 3.08 and a beta of 0.67. MV Oil Trust has a one year low of $4.63 and a one year high of $11.63. The stock has a fifty day moving average of $6.57 and a 200 day moving average of $8.18.

MV Oil Trust Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 24th. Investors of record on Thursday, January 16th were given a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 19.63%. The ex-dividend date of this dividend was Thursday, January 16th. MV Oil Trust’s dividend payout ratio (DPR) is presently 60.38%.

Institutional Trading of MV Oil Trust

An institutional investor recently bought a new position in MV Oil Trust stock. RIA Advisory Group LLC purchased a new position in MV Oil Trust (NYSE:MVO) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 12,525 shares of the oil and gas producer’s stock, valued at approximately $119,000. RIA Advisory Group LLC owned approximately 0.11% of MV Oil Trust as of its most recent SEC filing. 3.54% of the stock is owned by hedge funds and other institutional investors.

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.