MV Oil Trust (NYSE:MVO) Sees Significant Decline in Short Interest

MV Oil Trust (NYSE:MVOGet Rating) was the target of a large decrease in short interest during the month of May. As of May 15th, there was short interest totalling 13,900 shares, a decrease of 60.6% from the April 30th total of 35,300 shares. Based on an average daily trading volume, of 116,700 shares, the days-to-cover ratio is presently 0.1 days.

Hedge funds have recently bought and sold shares of the company. Advisor Group Holdings Inc. grew its stake in shares of MV Oil Trust by 446.1% during the 1st quarter. Advisor Group Holdings Inc. now owns 9,830 shares of the oil and gas producer’s stock worth $116,000 after acquiring an additional 8,030 shares during the period. Private Advisor Group LLC purchased a new stake in MV Oil Trust during the 1st quarter worth about $128,000. Citadel Advisors LLC purchased a new stake in MV Oil Trust during the 3rd quarter worth about $135,000. BNP Paribas Arbitrage SA purchased a new stake in MV Oil Trust during the 1st quarter worth about $137,000. Finally, CWM LLC purchased a new stake in MV Oil Trust during the 4th quarter worth about $150,000.

NYSE:MVO traded up $0.28 during trading on Friday, reaching $11.71. The company’s stock had a trading volume of 60,766 shares, compared to its average volume of 119,147. The firm has a 50 day moving average of $11.13 and a 200-day moving average of $9.97. MV Oil Trust has a 12 month low of $5.55 and a 12 month high of $15.14.

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

The company also recently declared a quarterly dividend, which was paid on Monday, April 25th. Stockholders of record on Monday, April 18th were paid a dividend of $0.425 per share. This is an increase from MV Oil Trust’s previous quarterly dividend of $0.41. The ex-dividend date of this dividend was Thursday, April 14th. This represents a $1.70 annualized dividend and a dividend yield of 14.52%.

Separately, downgraded MV Oil Trust from a “buy” rating to a “hold” rating in a research note on Friday, May 20th.

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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