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

StockNews.com lowered shares of MV Oil Trust (NYSE:MVO) from a buy rating to a hold rating in a research report report published on Monday morning.

MV Oil Trust Price Performance

Shares of NYSE:MVO opened at $4.89 on Monday. The company has a market cap of $56.24 million, a P/E ratio of 3.08 and a beta of 0.67. MV Oil Trust has a 1 year low of $4.63 and a 1 year high of $11.63. The stock’s fifty day moving average price is $6.57 and its 200-day moving average price is $8.18.

MV Oil Trust Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, January 24th. Stockholders of record on Thursday, January 16th were issued a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 19.63%. The ex-dividend date of this dividend was Thursday, January 16th. MV Oil Trust’s payout ratio is currently 60.38%.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in MV Oil Trust stock. Marshall Wace LLP purchased a new stake in shares of MV Oil Trust (NYSE:MVO) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 37,434 shares of the oil and gas producer’s stock, valued at approximately $301,000. Marshall Wace LLP owned approximately 0.33% of MV Oil Trust at the end of the most recent reporting period. 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.