Short Interest in MV Oil Trust (NYSE:MVO) Rises By 22.1%

MV Oil Trust (NYSE:MVO) was the recipient of a significant increase in short interest in the month of March. As of March 15th, there was short interest totalling 555,700 shares, an increase of 22.1% from the February 28th total of 455,200 shares. Based on an average daily trading volume, of 115,200 shares, the short-interest ratio is currently 4.8 days. Approximately 4.8% of the company’s shares are sold short.

MV Oil Trust Stock Performance

Shares of NYSE MVO traded up $0.09 during mid-day trading on Wednesday, hitting $5.65. The stock had a trading volume of 14,595 shares, compared to its average volume of 114,832. The business has a 50 day moving average price of $5.56 and a two-hundred day moving average price of $7.67. MV Oil Trust has a 1 year low of $4.63 and a 1 year high of $11.63. The firm has a market cap of $64.92 million, a P/E ratio of 3.55 and a beta of 0.67.

MV Oil Trust (NYSE:MVO) last issued its quarterly earnings data on Thursday, March 20th. The oil and gas producer reported $1.02 EPS for the quarter. The firm had revenue of $12.68 million for the quarter.

MV Oil Trust Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 24th. Shareholders of record on Thursday, January 16th were issued a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 17.01%. The ex-dividend date was Thursday, January 16th. MV Oil Trust’s dividend payout ratio (DPR) is currently 62.34%.

Institutional Investors Weigh In On MV Oil Trust

A hedge fund recently bought a new stake in MV Oil Trust stock. Marshall Wace LLP purchased a new stake in MV Oil Trust (NYSE:MVO) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 37,434 shares of the oil and gas producer’s stock, valued at approximately $301,000. Marshall Wace LLP owned approximately 0.33% of MV Oil Trust as of its most recent SEC filing. 3.54% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, StockNews.com cut MV Oil Trust from a “buy” rating to a “hold” rating in a report on Wednesday, March 12th.

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.