RIA Advisory Group LLC Purchases New Shares in MV Oil Trust (NYSE:MVO)

RIA Advisory Group LLC acquired a new position in MV Oil Trust (NYSE:MVO) in the 3rd quarter, HoldingsChannel reports. The fund acquired 12,525 shares of the oil and gas producer’s stock, valued at approximately $119,000.

Separately, Marshall Wace LLP grew its position in shares of MV Oil Trust by 176.4% during the 2nd quarter. Marshall Wace LLP now owns 32,576 shares of the oil and gas producer’s stock worth $307,000 after buying an additional 20,791 shares in the last quarter. 3.54% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised shares of MV Oil Trust from a “hold” rating to a “buy” rating in a report on Tuesday, October 1st.

MV Oil Trust Stock Down 0.1 %

Shares of MV Oil Trust stock opened at $8.86 on Friday. MV Oil Trust has a 52-week low of $8.42 and a 52-week high of $12.73. The firm’s 50 day moving average price is $9.24 and its 200-day moving average price is $9.29. The company has a market cap of $101.89 million, a P/E ratio of 5.57 and a beta of 0.77.

MV Oil Trust (NYSE:MVO) last posted its quarterly earnings data on Thursday, November 7th. The oil and gas producer reported $0.41 earnings per share for the quarter. The business had revenue of $4.95 million during the quarter.

MV Oil Trust Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 25th. Stockholders of record on Tuesday, October 15th were issued a dividend of $0.33 per share. The ex-dividend date of this dividend was Tuesday, October 15th. This represents a $1.32 annualized dividend and a dividend yield of 14.90%. MV Oil Trust’s dividend payout ratio (DPR) is currently 83.02%.

About MV Oil Trust

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.