Short Interest in MV Oil Trust (NYSE:MVO) Rises By 22.1%

MV Oil Trust (NYSE:MVO) was the recipient of a large increase in short interest in March. As of March 15th, there was short interest totalling 555,700 shares, an increase of 22.1% from the February 28th total of 455,200 shares. Approximately 4.8% of the company’s stock are sold short. Based on an average daily trading volume, of 115,200 shares, the short-interest ratio is currently 4.8 days.

MV Oil Trust Stock Performance

Shares of MVO traded up $0.09 during mid-day trading on Wednesday, reaching $5.65. The company had a trading volume of 14,595 shares, compared to its average volume of 114,832. The company has a market capitalization of $64.92 million, a price-to-earnings ratio of 3.55 and a beta of 0.67. The firm has a 50-day moving average price of $5.56 and a 200 day moving average price of $7.67. MV Oil Trust has a 52 week low of $4.63 and a 52 week high of $11.63.

MV Oil Trust (NYSE:MVO) last released its earnings results on Thursday, March 20th. The oil and gas producer reported $1.02 EPS for the quarter. The company had revenue of $12.68 million during the quarter.

MV Oil Trust Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, January 24th. Shareholders of record on Thursday, January 16th were issued a $0.24 dividend. The ex-dividend date of this dividend was Thursday, January 16th. This represents a $0.96 annualized dividend and a yield of 17.01%. MV Oil Trust’s dividend payout ratio (DPR) is presently 62.34%.

Wall Street Analysts Forecast Growth

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

Institutional Investors Weigh In On MV Oil Trust

A hedge fund recently bought a new stake in MV Oil Trust stock. Marshall Wace LLP acquired a new stake in MV Oil Trust (NYSE:MVO) during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 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 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.