MV Oil Trust (NYSE:MVO) Cut to “Hold” at StockNews.com

MV Oil Trust (NYSE:MVOGet Rating) was downgraded by StockNews.com from a “buy” rating to a “hold” rating in a report released on Friday.

NYSE MVO traded down $0.38 during trading hours on Friday, hitting $10.37. 73,100 shares of the company were exchanged, compared to its average volume of 120,933. MV Oil Trust has a 52 week low of $5.55 and a 52 week high of $15.14. The stock has a 50-day moving average price of $11.05 and a 200 day moving average price of $9.88.

MV Oil Trust (NYSE:MVOGet Rating) last released its earnings results on Tuesday, May 10th. The oil and gas producer reported $0.41 earnings per share for the quarter. The company had revenue of $5.09 million for the quarter.

Several hedge funds have recently added to or reduced their stakes in the stock. Morgan Stanley grew its holdings in MV Oil Trust by 41.7% during the 2nd quarter. Morgan Stanley now owns 140,267 shares of the oil and gas producer’s stock valued at $1,190,000 after purchasing an additional 41,267 shares during the last quarter. Citadel Advisors LLC bought a new position in shares of MV Oil Trust during the third quarter valued at approximately $135,000. Janney Montgomery Scott LLC grew its stake in shares of MV Oil Trust by 20.5% during the fourth quarter. Janney Montgomery Scott LLC now owns 21,166 shares of the oil and gas producer’s stock valued at $187,000 after buying an additional 3,598 shares during the last quarter. CWM LLC purchased a new stake in shares of MV Oil Trust in the fourth quarter worth approximately $150,000. Finally, Selective Wealth Management Inc. bought a new stake in shares of MV Oil Trust during the 1st quarter worth approximately $1,767,000.

About MV Oil Trust (Get Rating)

MV Oil Trust acquires and holds net profits interests in the oil and natural gas properties of MV Partners, LLC. Its properties include approximately 860 producing oil and gas wells located in the Mid-Continent region in the states of Kansas and Colorado. The company was incorporated in 2006 and is based in Houston, Texas.

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