MV Oil Trust (MVO) Trading 1.8% Higher
Shares of MV Oil Trust (NYSE:MVO) traded up 1.8% during trading on Friday . The stock traded as high as $6.25 and last traded at $6.10, with a volume of 81,879 shares. The stock had previously closed at $5.99.
The company has a 50 day moving average of $5.96 and a 200 day moving average of $5.11. The company has a market cap of $69.81 million and a price-to-earnings ratio of 7.93.
The business also recently declared a quarterly dividend, which will be paid on Monday, July 25th. Shareholders of record on Friday, July 15th will be issued a $0.11 dividend. The ex-dividend date is Wednesday, July 13th. This is a positive change 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 7.25%.
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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