MV Oil Trust (NYSE:MVO) Short Interest Up 33.8% in February

MV Oil Trust (NYSE:MVO) was the recipient of a large growth in short interest during the month of February. As of February 15th, there was short interest totalling 378,800 shares, a growth of 33.8% from the January 31st total of 283,100 shares. Based on an average trading volume of 103,100 shares, the days-to-cover ratio is presently 3.7 days.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded shares of MV Oil Trust from a “buy” rating to a “hold” rating in a report on Monday.

MV Oil Trust Stock Down 2.5 %

MVO stock traded down $0.12 during trading on Tuesday, reaching $4.72. 53,366 shares of the company’s stock were exchanged, compared to its average volume of 122,895. MV Oil Trust has a 1-year low of $4.63 and a 1-year high of $11.63. The company’s fifty day moving average price is $6.64 and its 200-day moving average price is $8.22. The firm has a market cap of $54.28 million, a PE ratio of 2.97 and a beta of 0.74.

MV Oil Trust Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 24th. Stockholders of record on Thursday, January 16th were given a dividend of $0.24 per share. The ex-dividend date of this dividend was Thursday, January 16th. This represents a $0.96 annualized dividend and a dividend yield of 20.34%. MV Oil Trust’s dividend payout ratio (DPR) is 60.38%.

Hedge Funds Weigh In On MV Oil Trust

An institutional investor recently bought a new position in MV Oil Trust stock. RIA Advisory Group LLC acquired a new stake in MV Oil Trust (NYSE:MVO) in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 12,525 shares of the oil and gas producer’s stock, valued at approximately $119,000. RIA Advisory Group LLC owned about 0.11% of MV Oil Trust at the end of the most recent quarter. 3.54% of the stock is currently owned by institutional investors and hedge funds.

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.