MV Oil Trust (NYSE:MVO) Shares Down 2.1% – Should You Sell?

MV Oil Trust (NYSE:MVO) shares were down 2.1% during mid-day trading on Thursday . The stock traded as low as $8.41 and last traded at $8.54. Approximately 44,918 shares traded hands during mid-day trading, a decline of 23% from the average daily volume of 58,108 shares. The stock had previously closed at $8.72.

Analysts Set New Price Targets

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 Up 0.8 %

The stock has a market cap of $98.90 million, a price-to-earnings ratio of 5.41 and a beta of 0.76. The company has a 50 day simple moving average of $9.03 and a 200-day simple moving average of $9.17.

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

MV Oil Trust Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, October 25th. Shareholders of record on Tuesday, October 15th were paid a $0.33 dividend. The ex-dividend date of this dividend was Tuesday, October 15th. This represents a $1.32 dividend on an annualized basis and a yield of 15.35%. MV Oil Trust’s payout ratio is currently 83.02%.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Symphony Financial Ltd. Co. grew its position in MV Oil Trust by 1.9% in the 3rd quarter. Symphony Financial Ltd. Co. now owns 69,360 shares of the oil and gas producer’s stock worth $652,000 after purchasing an additional 1,302 shares during the last quarter. Marshall Wace LLP boosted its position in shares of MV Oil Trust by 176.4% during the second 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 during the period. Finally, RIA Advisory Group LLC bought a new position in MV Oil Trust in the 3rd quarter worth approximately $119,000. 3.54% of the stock is currently owned by institutional investors.

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.