StockNews.com downgraded shares of MV Oil Trust (NYSE:MVO – Free Report) 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
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.
See Also
- Five stocks we like better than MV Oil Trust
- Dividend Capture Strategy: What You Need to Know
- Rubrik Stock’s V-Bottom Reversal Signals a Major Rally Ahead
- What Are Dividend Challengers?
- How Super Micro Computer Stock Is Defying the Market Sell-Off
- 3 Small Caps With Big Return Potential
- AppLovin vs. HPE: Which Tech Stock Can Bounce Back Faster?
Receive News & Ratings for MV Oil Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MV Oil Trust and related companies with MarketBeat.com's FREE daily email newsletter.