Symphony Financial Ltd. Co. increased its position in shares of MV Oil Trust (NYSE:MVO – Free Report) by 1.9% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 69,360 shares of the oil and gas producer’s stock after buying an additional 1,302 shares during the quarter. Symphony Financial Ltd. Co. owned about 0.60% of MV Oil Trust worth $652,000 at the end of the most recent quarter.
Separately, Marshall Wace LLP raised its stake in MV Oil Trust by 176.4% during the 2nd quarter. Marshall Wace LLP now owns 32,576 shares of the oil and gas producer’s stock worth $307,000 after buying an additional 20,791 shares during the period. 3.54% of the stock is owned by institutional investors.
Wall Street Analyst Weigh In
Separately, StockNews.com raised MV Oil Trust from a “hold” rating to a “buy” rating in a report on Tuesday, October 1st.
MV Oil Trust Stock Performance
Shares of MVO opened at $9.11 on Wednesday. The stock has a 50 day moving average price of $9.36 and a two-hundred day moving average price of $9.42. The firm has a market capitalization of $104.77 million, a P/E ratio of 5.95 and a beta of 0.75. MV Oil Trust has a 52 week low of $8.42 and a 52 week high of $12.73.
MV Oil Trust (NYSE:MVO – Get Free Report) last issued its quarterly earnings data on Friday, August 9th. The oil and gas producer reported $0.33 EPS for the quarter. The company had revenue of $4.02 million for the quarter.
MV Oil Trust Cuts Dividend
The firm also recently announced a quarterly dividend, which will be paid on Friday, October 25th. Stockholders of record on Tuesday, October 15th will be issued a $0.33 dividend. This represents a $1.32 annualized dividend and a dividend yield of 14.49%. The ex-dividend date is Tuesday, October 15th. MV Oil Trust’s dividend payout ratio is presently 86.27%.
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.
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