Shares of MV Oil Trust (NYSE:MVO) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $7.84 and traded as high as $7.08. MV Oil Trust shares last traded at $7.00, with a volume of 10,386 shares trading hands.
The company has a market capitalization of $80.53 million, a P/E ratio of 5.19 and a beta of 0.61. The business has a 50 day moving average price of $7.39 and a 200 day moving average price of $7.84.
MV Oil Trust (NYSE:MVO) last announced its quarterly earnings results on Friday, August 9th. The oil and gas producer reported $0.22 EPS for the quarter. The company had revenue of $2.65 million during the quarter.
The business also recently declared a quarterly dividend, which will be paid on Friday, October 25th. Stockholders of record on Tuesday, October 15th will be paid a $0.215 dividend. The ex-dividend date is Friday, October 11th. This represents a $0.86 dividend on an annualized basis and a dividend yield of 12.63%.
Several hedge funds have recently made changes to their positions in the company. BlackRock Inc. bought a new stake in shares of MV Oil Trust in the 2nd quarter valued at about $147,000. National Asset Management Inc. bought a new stake in MV Oil Trust during the 2nd quarter worth approximately $93,000. CWM LLC bought a new stake in MV Oil Trust during the 2nd quarter worth approximately $43,000. Finally, Tocqueville Asset Management L.P. bought a new stake in MV Oil Trust during the 2nd quarter worth approximately $320,000. 10.64% of the stock is owned by institutional investors.
MV Oil Trust Company Profile (NYSE:MVO)
MV Oil Trust acquires and holds net profits interests in the oil and natural gas properties of MV Partners, LLC. Its properties include approximately 900 producing oil and gas wells located in the Mid-Continent region in the states of Kansas and Colorado. The company was founded in 2006 and is based in Houston, Texas.
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