MV Oil Trust (NYSE:MVO) Stock Crosses Above 200-Day Moving Average – What’s Next?

MV Oil Trust (NYSE:MVO)’s share price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $3.35 and traded as high as $3.37. MV Oil Trust shares last traded at $2.22, with a volume of 2,625,365 shares traded.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of MV Oil Trust in a research note on Monday, December 29th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock currently has a consensus rating of “Sell”.

MV Oil Trust Price Performance

The company has a market cap of $25.53 million, a P/E ratio of 2.13 and a beta of -0.15. The company’s 50-day moving average is $1.61 and its two-hundred day moving average is $3.35.

MV Oil Trust Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, January 23rd. Stockholders of record on Friday, January 16th were paid a $0.14 dividend. The ex-dividend date was Friday, January 16th. This represents a $0.56 annualized dividend and a dividend yield of 25.2%. MV Oil Trust’s payout ratio is currently 53.85%.

Institutional Investors Weigh In On MV Oil Trust

Several institutional investors have recently modified their holdings of MVO. XTX Topco Ltd bought a new stake in MV Oil Trust in the 4th quarter worth about $45,000. HRT Financial LP purchased a new stake in shares of MV Oil Trust during the 4th quarter valued at about $28,000. Marshall Wace LLP purchased a new stake in shares of MV Oil Trust during the 2nd quarter valued at about $88,000. Finally, Allworth Financial LP bought a new stake in shares of MV Oil Trust in the second quarter worth approximately $55,000. 3.54% of the stock is owned by hedge funds and other institutional investors.

MV Oil Trust Company Profile

MV Oil Trust is an exchange-listed royalty trust that holds overriding royalty and net profits interests in oil and gas properties across the United States. As a non-operating entity, the trust does not engage in exploration or development; instead, it collects a share of production revenues after operating expenses are deducted.

The trust’s interests are primarily concentrated in onshore hydrocarbon fields in West Texas, providing unitholders with exposure to established production streams.