MV Oil Trust (NYSE:MVO) Downgraded to “Hold” Rating by StockNews.com

StockNews.com cut shares of MV Oil Trust (NYSE:MVO) from a buy rating to a hold rating in a research report released on Wednesday.

MV Oil Trust Stock Performance

Shares of MVO opened at $5.30 on Wednesday. The stock’s 50-day simple moving average is $6.25 and its 200 day simple moving average is $8.02. The stock has a market capitalization of $60.89 million, a price-to-earnings ratio of 3.33 and a beta of 0.67. MV Oil Trust has a 52-week low of $4.63 and a 52-week high of $11.63.

MV Oil Trust Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 24th. Investors of record on Thursday, January 16th were issued a dividend of $0.24 per share. The ex-dividend date of this dividend was Thursday, January 16th. This represents a $0.96 dividend on an annualized basis and a yield of 18.13%. MV Oil Trust’s dividend payout ratio (DPR) is 60.38%.

Institutional Trading of MV Oil Trust

An institutional investor recently bought a new position in MV Oil Trust stock. RIA Advisory Group LLC purchased a new stake in MV Oil Trust (NYSE:MVO) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 12,525 shares of the oil and gas producer’s stock, valued at approximately $119,000. RIA Advisory Group LLC owned approximately 0.11% of MV Oil Trust as of its most recent SEC filing. 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.