MV Oil Trust (NYSE:MVO) Sees Large Increase in Short Interest

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

Hedge Funds Weigh In On MV Oil Trust

A number of institutional investors have recently made changes to their positions in MVO. Janney Montgomery Scott LLC grew its position in MV Oil Trust by 6.4% during the third quarter. Janney Montgomery Scott LLC now owns 17,740 shares of the oil and gas producer’s stock worth $242,000 after buying an additional 1,060 shares in the last quarter. Symphony Financial Ltd. Co. grew its position in MV Oil Trust by 1.6% during the first quarter. Symphony Financial Ltd. Co. now owns 67,103 shares of the oil and gas producer’s stock worth $717,000 after buying an additional 1,066 shares in the last quarter. Finally, Significant Wealth Partners LLC acquired a new stake in MV Oil Trust during the fourth quarter worth about $1,269,000. 3.54% of the stock is currently owned by institutional investors.

MV Oil Trust Trading Down 1.6 %

Shares of NYSE:MVO opened at $9.73 on Friday. MV Oil Trust has a 1 year low of $8.85 and a 1 year high of $13.95. The business has a fifty day simple moving average of $10.28 and a 200 day simple moving average of $11.37. The firm has a market cap of $111.90 million, a price-to-earnings ratio of 6.62 and a beta of 0.80.

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 firm had revenue of $4.55 million for the quarter.

MV Oil Trust Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, April 25th. Shareholders of record on Monday, April 15th were issued a dividend of $0.33 per share. The ex-dividend date was Friday, April 12th. This represents a $1.32 annualized dividend and a yield of 13.57%. MV Oil Trust’s dividend payout ratio (DPR) is currently 89.80%.

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.