MV Oil Trust (NYSE:MVO) Short Interest Update

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Janney Montgomery Scott LLC lifted its holdings in MV Oil Trust by 6.4% during the 3rd quarter. Janney Montgomery Scott LLC now owns 17,740 shares of the oil and gas producer’s stock worth $242,000 after purchasing an additional 1,060 shares in the last quarter. Symphony Financial Ltd. Co. lifted its holdings in MV Oil Trust by 1.6% during the 1st quarter. Symphony Financial Ltd. Co. now owns 67,103 shares of the oil and gas producer’s stock worth $717,000 after purchasing an additional 1,066 shares in the last quarter. Finally, Significant Wealth Partners LLC purchased a new stake in MV Oil Trust during the 4th quarter worth about $1,269,000. Institutional investors own 3.54% of the company’s stock.

MV Oil Trust Price Performance

Shares of NYSE:MVO opened at $9.89 on Friday. The company has a market capitalization of $113.74 million, a PE ratio of 6.73 and a beta of 0.80. The business has a fifty day moving average price of $10.35 and a two-hundred day moving average price of $11.42. MV Oil Trust has a 1 year low of $8.85 and a 1 year high of $13.95.

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

MV Oil Trust Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, April 25th. Stockholders 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 dividend yield of 13.35%. MV Oil Trust’s payout ratio is 89.80%.

About MV Oil Trust

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.