MV Oil Trust (MVO) Sees Strong Trading Volume
Shares of MV Oil Trust (NYSE:MVO) saw strong trading volume on Monday . 56,663 shares were traded during mid-day trading, an increase of 2% from the previous session’s volume of 55,524 shares.The stock last traded at $6.03 and had previously closed at $5.97.
The stock has a market capitalization of $69.12 million and a PE ratio of 7.86. The stock has a 50 day moving average of $6.02 and a 200-day moving average of $5.16.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 25th. Stockholders of record on Friday, July 15th will be given a dividend of $0.11 per share. The ex-dividend date is Wednesday, July 13th. This is an increase from MV Oil Trust’s previous quarterly dividend of $0.03. This represents a $0.44 dividend on an annualized basis and a dividend yield of 7.26%.
MV Oil Trust (the Trust) is a statutory trust. The Trust acquires and holds a term net profits interest for the benefit of the Trust unitholders. MV Partners, LLC (MV Partners) is a limited liability company engaged in the exploration, development, production, gathering and aggregation and sale of oil and natural gas, primarily in the Mid-Continent region in the United States.
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