Stock Traders Purchase High Volume of Call Options on MV Oil Trust (MVO)

MV Oil Trust (NYSE:MVO) was the recipient of some unusual options trading on Friday. Stock investors bought 4,954 call options on the company. This is an increase of approximately 8,907% compared to the average daily volume of 55 call options.

An institutional investor recently raised its position in MV Oil Trust stock. Benjamin F. Edwards & Company Inc. boosted its holdings in MV Oil Trust (NYSE:MVO) by 11.2% in the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 19,779 shares of the oil and gas producer’s stock after purchasing an additional 2,000 shares during the period. Benjamin F. Edwards & Company Inc. owned about 0.17% of MV Oil Trust worth $115,000 at the end of the most recent reporting period. 9.67% of the stock is currently owned by hedge funds and other institutional investors.

MV Oil Trust (MVO) opened at $6.85 on Monday. The company has a market capitalization of $78.77, a PE ratio of 9.01 and a beta of 0.22. MV Oil Trust has a 1-year low of $4.80 and a 1-year high of $7.35.

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MV Oil Trust Company Profile

MV Oil Trust (the Trust) is a statutory trust. The Trust acquires and holds a term net profits interest for the benefit of the Trust unitholders. Its underlying properties consist of MV Partners, LLC’s (MV Partners) net interests in all of its oil and natural gas properties, which are located in the Mid-Continent region in the States of Kansas and Colorado.

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