MV Oil Trust (NYSE:MVO) Short Interest Update

MV Oil Trust (NYSE:MVO) saw a large increase in short interest in April. As of April 15th, there was short interest totalling 41,500 shares, an increase of 207.4% from the March 31st total of 13,500 shares. Based on an average daily trading volume, of 53,800 shares, the short-interest ratio is currently 0.8 days.

MV Oil Trust Trading Down 0.1 %

NYSE:MVO opened at $9.89 on Friday. MV Oil Trust has a 12 month low of $8.85 and a 12 month high of $13.95. The stock has a 50 day moving average of $10.35 and a two-hundred day moving average of $11.42. The firm has a market cap of $113.74 million, a P/E ratio of 6.73 and a beta of 0.80.

MV Oil Trust (NYSE:MVO) last posted its quarterly earnings data on Wednesday, March 20th. The oil and gas producer reported $0.38 EPS for the quarter. The firm had revenue of $4.55 million for the quarter.

MV Oil Trust Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 25th. Shareholders of record on Monday, April 15th were paid a dividend of $0.33 per share. The ex-dividend date of this dividend was Friday, April 12th. This represents a $1.32 annualized dividend and a yield of 13.35%. MV Oil Trust’s dividend payout ratio (DPR) is currently 89.80%.

Institutional Investors Weigh In On MV Oil Trust

Several large investors have recently bought and sold shares of MVO. Significant Wealth Partners LLC purchased a new stake in shares of MV Oil Trust in the fourth quarter valued at approximately $1,269,000. Janney Montgomery Scott LLC grew its position in shares of MV Oil Trust by 6.4% in the third quarter. Janney Montgomery Scott LLC now owns 17,740 shares of the oil and gas producer’s stock valued at $242,000 after purchasing an additional 1,060 shares in the last quarter. Finally, Symphony Financial Ltd. Co. grew its position in shares of MV Oil Trust by 1.6% in the first quarter. Symphony Financial Ltd. Co. now owns 67,103 shares of the oil and gas producer’s stock valued at $717,000 after purchasing an additional 1,066 shares in the last quarter. 3.54% of the stock is currently owned by hedge funds and other institutional investors.

MV Oil Trust Company Profile

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.