MV Oil Trust (NYSE:MVO) Rating Increased to Buy at StockNews.com

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

NYSE MVO opened at $11.71 on Friday. The firm’s fifty day moving average price is $11.15 and its two-hundred day moving average price is $9.99. MV Oil Trust has a 1 year low of $5.55 and a 1 year high of $15.14.

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

A number of institutional investors and hedge funds have recently bought and sold shares of MVO. Morgan Stanley boosted its position in MV Oil Trust by 41.7% during the second quarter. Morgan Stanley now owns 140,267 shares of the oil and gas producer’s stock worth $1,190,000 after purchasing an additional 41,267 shares during the period. Citadel Advisors LLC bought a new stake in shares of MV Oil Trust during the 3rd quarter worth about $135,000. Janney Montgomery Scott LLC grew its stake in MV Oil Trust by 20.5% in the 4th 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 bought a new position in MV Oil Trust in the 4th quarter valued at about $150,000. Finally, Selective Wealth Management Inc. acquired a new stake in MV Oil Trust during the first quarter worth approximately $1,767,000.

MV Oil Trust Company Profile (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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