MV Oil Trust (NYSE:MVO) Cut to “Hold” at StockNews.com

StockNews.com cut shares of MV Oil Trust (NYSE:MVO) from a buy rating to a hold rating in a research note released on Wednesday.

MV Oil Trust Stock Up 4.9 %

Shares of NYSE MVO opened at $5.76 on Wednesday. The firm’s 50-day simple moving average is $6.18 and its 200 day simple moving average is $8.00. The company has a market cap of $66.22 million, a price-to-earnings ratio of 3.62 and a beta of 0.67. MV Oil Trust has a 12-month low of $4.63 and a 12-month high of $11.63.

MV Oil Trust Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, January 24th. Shareholders of record on Thursday, January 16th were given a dividend of $0.24 per share. The ex-dividend date of this dividend was Thursday, January 16th. This represents a $0.96 dividend on an annualized basis and a yield of 16.67%. MV Oil Trust’s payout ratio is presently 60.38%.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in MV Oil Trust stock. Marshall Wace LLP purchased a new stake in MV Oil Trust (NYSE:MVO) during the fourth quarter, according to its most recent filing with the SEC. The firm purchased 37,434 shares of the oil and gas producer’s stock, valued at approximately $301,000. Marshall Wace LLP owned 0.33% of MV Oil Trust at the end of the most recent reporting period. 3.54% of the stock is owned by hedge funds and other institutional investors.

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.