MV Oil Trust (NYSE:MVO) Short Interest Up 20.2% in February

MV Oil Trust (NYSE:MVO) saw a significant increase in short interest in February. As of February 28th, there was short interest totalling 455,200 shares, an increase of 20.2% from the February 13th total of 378,800 shares. Approximately 4.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 105,700 shares, the days-to-cover ratio is presently 4.3 days.

MV Oil Trust Trading Up 6.0 %

MV Oil Trust stock traded up $0.36 during mid-day trading on Tuesday, hitting $6.30. The stock had a trading volume of 128,270 shares, compared to its average volume of 71,337. The stock has a 50-day simple moving average of $6.04 and a two-hundred day simple moving average of $7.91. The stock has a market capitalization of $72.39 million, a PE ratio of 3.96 and a beta of 0.67. MV Oil Trust has a 12 month low of $4.63 and a 12 month high of $11.63.

MV Oil Trust Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, January 24th. Investors of record on Thursday, January 16th were issued a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 15.25%. The ex-dividend date was Thursday, January 16th. MV Oil Trust’s dividend payout ratio is 60.38%.

Wall Street Analyst Weigh In

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

Hedge Funds Weigh In On MV Oil Trust

A hedge fund recently bought a new stake in MV Oil Trust stock. Marshall Wace LLP bought a new position in shares of MV Oil Trust (NYSE:MVO) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 37,434 shares of the oil and gas producer’s stock, valued at approximately $301,000. Marshall Wace LLP owned about 0.33% of MV Oil Trust at the end of the most recent quarter. Institutional investors and hedge funds own 3.54% of the company’s stock.

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.