MV Oil Trust (NYSE:MVO) Announces Earnings Results

MV Oil Trust (NYSE:MVO) issued its quarterly earnings results on Thursday. The oil and gas producer reported $1.02 earnings per share for the quarter, Zacks reports.

MV Oil Trust Price Performance

Shares of MVO stock traded up $0.06 during mid-day trading on Thursday, hitting $6.53. The stock had a trading volume of 92,852 shares, compared to its average volume of 71,621. MV Oil Trust has a fifty-two week low of $4.63 and a fifty-two week high of $11.63. The firm has a market cap of $75.10 million, a PE ratio of 4.11 and a beta of 0.67. The company’s 50-day simple moving average is $6.00 and its 200-day simple moving average is $7.90.

MV Oil Trust Cuts Dividend

The company also recently announced 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 annualized dividend and a dividend yield of 14.70%. The ex-dividend date of this dividend was Thursday, January 16th. MV Oil Trust’s dividend payout ratio (DPR) is presently 60.38%.

Wall Street Analyst Weigh In

Separately, StockNews.com cut shares of MV Oil Trust from a “buy” rating to a “hold” rating in a research note on Wednesday, March 12th.

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.