Short Interest in MV Oil Trust (NYSE:MVO) Drops By 40.7%

MV Oil Trust (NYSE:MVO) was the recipient of a large drop in short interest in the month of September. As of September 15th, there was short interest totaling 145,300 shares, a drop of 40.7% from the August 31st total of 245,200 shares. Based on an average trading volume of 70,800 shares, the short-interest ratio is presently 2.1 days. Based on an average trading volume of 70,800 shares, the short-interest ratio is presently 2.1 days.

Institutional Investors Weigh In On MV Oil Trust

Hedge funds and other institutional investors have recently made changes to their positions in the business. Allworth Financial LP acquired a new stake in shares of MV Oil Trust in the 2nd quarter worth about $55,000. Marshall Wace LLP bought a new stake in MV Oil Trust during the 2nd quarter worth approximately $88,000. Janney Montgomery Scott LLC bought a new stake in MV Oil Trust during the 2nd quarter worth approximately $92,000. Finally, Kingswood Wealth Advisors LLC purchased a new stake in shares of MV Oil Trust in the first quarter worth approximately $97,000. 3.54% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “sell (d+)” rating on shares of MV Oil Trust in a research note on Saturday, September 27th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, MV Oil Trust has a consensus rating of “Sell”.

MV Oil Trust Stock Up 1.7%

Shares of NYSE:MVO opened at $5.92 on Tuesday. MV Oil Trust has a twelve month low of $4.63 and a twelve month high of $10.31. The stock’s 50 day moving average is $5.87 and its 200-day moving average is $5.82. The firm has a market capitalization of $68.08 million, a price-to-earnings ratio of 4.70 and a beta of -0.11.

MV Oil Trust (NYSE:MVO) last posted its quarterly earnings results on Tuesday, August 12th. The oil and gas producer reported $0.28 earnings per share (EPS) for the quarter. The business had revenue of $3.38 million during the quarter.

MV Oil Trust Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 24th. Stockholders of record on Wednesday, October 15th will be issued a dividend of $0.205 per share. This is an increase from MV Oil Trust’s previous quarterly dividend of $0.19. This represents a $0.82 dividend on an annualized basis and a dividend yield of 13.9%. The ex-dividend date is Wednesday, October 15th. MV Oil Trust’s dividend payout ratio is 58.73%.

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.