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

StockNews.com downgraded shares of MV Oil Trust (NYSE:MVO) from a buy rating to a hold rating in a research note issued to investors on Wednesday morning.

MV Oil Trust Trading Up 4.9 %

Shares of MV Oil Trust stock opened at $5.76 on Wednesday. The firm has a fifty day simple moving average of $6.18 and a 200-day simple moving average of $8.00. MV Oil Trust has a 1-year low of $4.63 and a 1-year high of $11.63. The stock has a market capitalization of $66.22 million, a price-to-earnings ratio of 3.62 and a beta of 0.67.

MV Oil Trust Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 24th. Stockholders of record on Thursday, January 16th were paid a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 16.67%. The ex-dividend date was Thursday, January 16th. MV Oil Trust’s payout ratio is 60.38%.

Hedge Funds Weigh In On MV Oil Trust

A hedge fund recently bought a new stake in MV Oil Trust stock. RIA Advisory Group LLC bought a new position in shares of MV Oil Trust (NYSE:MVO) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 12,525 shares of the oil and gas producer’s stock, valued at approximately $119,000. RIA Advisory Group LLC owned 0.11% of MV Oil Trust at the end of the most recent quarter. 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.