MV Oil Trust (NYSE:MVO – Get Free Report) saw a large increase in short interest during the month of February. As of February 28th, there was short interest totalling 455,200 shares, an increase of 20.2% from the February 13th total of 378,800 shares. Based on an average trading volume of 105,700 shares, the short-interest ratio is currently 4.3 days. Approximately 4.0% of the company’s shares are short sold.
Analysts Set New Price Targets
Separately, StockNews.com lowered MV Oil Trust from a “buy” rating to a “hold” rating in a research note on Wednesday, March 12th.
Get Our Latest Stock Analysis on MV Oil Trust
MV Oil Trust Price Performance
MV Oil Trust Cuts Dividend
The firm also recently announced a quarterly dividend, which was paid on Friday, January 24th. Stockholders of record on Thursday, January 16th were given a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 14.94%. The ex-dividend date of this dividend was Thursday, January 16th. MV Oil Trust’s dividend payout ratio is presently 60.38%.
Institutional Inflows and Outflows
A hedge fund recently bought a new stake in MV Oil Trust stock. Marshall Wace LLP acquired a new position in shares of MV Oil Trust (NYSE:MVO – Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 37,434 shares of the oil and gas producer’s stock, valued at approximately $301,000. Marshall Wace LLP owned approximately 0.33% of MV Oil Trust at the end of the most recent reporting period. 3.54% of the stock is owned by hedge funds and other institutional investors.
About MV Oil Trust
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.
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