MV Oil Trust (NYSE:MVO) Posts Quarterly Earnings Results

MV Oil Trust (NYSE:MVO) posted its earnings results on Tuesday. The oil and gas producer reported $0.21 earnings per share for the quarter, Zacks reports. The business had revenue of $2.57 million during the quarter.

MV Oil Trust Stock Up 0.1%

NYSE MVO opened at $2.17 on Wednesday. The company has a market cap of $24.99 million, a PE ratio of 2.05 and a beta of -0.15. MV Oil Trust has a 52 week low of $0.97 and a 52 week high of $6.40. The firm’s 50-day simple moving average is $1.91 and its two-hundred day simple moving average is $2.97.

MV Oil Trust Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 23rd. Shareholders of record on Friday, January 16th were issued a dividend of $0.14 per share. The ex-dividend date of this dividend was Friday, January 16th. This represents a $0.56 annualized dividend and a yield of 25.8%. MV Oil Trust’s dividend payout ratio is 53.85%.

Institutional Trading of MV Oil Trust

Institutional investors have recently modified their holdings of the business. Marshall Wace LLP purchased a new stake in shares of MV Oil Trust in the second quarter worth $88,000. HRT Financial LP bought a new position in MV Oil Trust in the 4th quarter worth about $28,000. Finally, XTX Topco Ltd bought a new position in MV Oil Trust in the 4th quarter worth about $45,000. 3.54% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “sell (d)” rating on shares of MV Oil Trust in a research note on Monday, December 29th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, MV Oil Trust presently has a consensus rating of “Sell”.

About MV Oil Trust

MV Oil Trust is an exchange-listed royalty trust that holds overriding royalty and net profits interests in oil and gas properties across the United States. As a non-operating entity, the trust does not engage in exploration or development; instead, it collects a share of production revenues after operating expenses are deducted.

The trust’s interests are primarily concentrated in onshore hydrocarbon fields in West Texas, providing unitholders with exposure to established production streams.