MV Oil Trust (NYSE:MVO) Announces Earnings Results

MV Oil Trust (NYSE:MVO) announced its earnings results on Wednesday. The oil and gas producer reported $0.14 earnings per share (EPS) for the quarter, Zacks reports. The business had revenue of $1.84 million for the quarter.

MV Oil Trust Price Performance

Shares of NYSE:MVO traded up $0.02 during trading on Friday, hitting $2.12. 189,973 shares of the company were exchanged, compared to its average volume of 490,034. The company has a market cap of $24.38 million, a PE ratio of 2.59 and a beta of -0.11. The stock has a 50 day moving average of $2.41 and a 200 day moving average of $2.14. MV Oil Trust has a 52-week low of $0.97 and a 52-week high of $6.26.

MV Oil Trust Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, April 24th. Shareholders of record on Wednesday, April 15th were issued a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 32.1%. The ex-dividend date of this dividend was Wednesday, April 15th. This is a positive change from MV Oil Trust’s previous quarterly dividend of $0.14. MV Oil Trust’s payout ratio is presently 82.93%.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “sell (d)” rating on shares of MV Oil Trust in a research report on Friday, March 27th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock presently has an average rating of “Sell”.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the stock. XTX Topco Ltd bought a new stake in MV Oil Trust during the 4th quarter worth approximately $45,000. HRT Financial LP bought a new stake in MV Oil Trust during the fourth quarter valued at $28,000. Finally, Marshall Wace LLP purchased a new position in MV Oil Trust during the second quarter worth about $88,000. Institutional investors own 3.54% of the company’s stock.

About MV Oil Trust

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.