MV Oil Trust (NYSE:MVO) Short Interest Down 51.3% in July

MV Oil Trust (NYSE:MVOGet Free Report) saw a large decline in short interest in July. As of July 15th, there was short interest totaling 478,454 shares, a decline of 51.3% from the June 30th total of 982,799 shares. Approximately 4.2% of the company’s stock are sold short. Based on an average daily volume of 761,788 shares, the short-interest ratio is presently 0.6 days.

MV Oil Trust Price Performance

MVO stock remained flat at $0.60 during trading on Wednesday. MV Oil Trust has a 12-month low of $0.58 and a 12-month high of $6.19. The business has a fifty day moving average of $1.30 and a 200-day moving average of $1.83. The firm has a market cap of $6.85 million, a P/E ratio of 0.73 and a beta of -0.21.

MV Oil Trust (NYSE:MVOGet Free Report) last released its quarterly earnings results on Wednesday, May 13th. The oil and gas producer reported $0.14 earnings per share (EPS) for the quarter. The firm had revenue of $1.84 million for the quarter.

MV Oil Trust Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 24th. Investors of record on Wednesday, July 15th were issued a $0.5938 dividend. The ex-dividend date of this dividend was Wednesday, July 15th. This is a positive change from MV Oil Trust’s previous quarterly dividend of $0.17. This represents a $2.38 dividend on an annualized basis and a dividend yield of 398.9%. MV Oil Trust’s payout ratio is 290.24%.

Institutional Trading of MV Oil Trust

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in MVO. Bank of America Corp DE raised its position in MV Oil Trust by 1,614.1% in the first quarter. Bank of America Corp DE now owns 55,708 shares of the oil and gas producer’s stock worth $126,000 after acquiring an additional 52,458 shares during the period. XTX Topco Ltd bought a new stake in shares of MV Oil Trust during the 4th quarter valued at $45,000. HRT Financial LP bought a new stake in shares of MV Oil Trust during the 4th quarter valued at $28,000. Finally, Marshall Wace LLP purchased a new stake in shares of MV Oil Trust in the 2nd quarter worth $88,000. 3.54% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “sell (d)” rating on shares of MV Oil Trust in a report on Wednesday, June 24th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Sell”.

Get Our Latest Stock Report on MV Oil Trust

MV Oil Trust Company Profile

(Get Free Report)

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.

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