MV Oil Trust (NYSE:MVO) Short Interest Update

MV Oil Trust (NYSE:MVO) was the recipient of a large growth in short interest in December. As of December 15th, there was short interest totaling 610,718 shares, a growth of 243.0% from the November 30th total of 178,053 shares. Approximately 5.3% of the shares of the stock are sold short. Based on an average daily trading volume, of 325,550 shares, the days-to-cover ratio is presently 1.9 days. Based on an average daily trading volume, of 325,550 shares, the days-to-cover ratio is presently 1.9 days. Approximately 5.3% of the shares of the stock are sold short.

Analyst Ratings Changes

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

MV Oil Trust Stock Performance

Shares of NYSE MVO traded down $0.01 during midday trading on Thursday, reaching $1.21. 67,644 shares of the stock were exchanged, compared to its average volume of 248,414. MV Oil Trust has a twelve month low of $0.97 and a twelve month high of $8.87. The stock has a market capitalization of $13.92 million, a P/E ratio of 1.16 and a beta of -0.10. The company has a 50 day simple moving average of $2.81 and a 200 day simple moving average of $4.80.

MV Oil Trust (NYSE:MVO) last posted its earnings results on Monday, November 10th. The oil and gas producer reported $0.19 earnings per share (EPS) for the quarter. The business had revenue of $2.36 million for the quarter.

MV Oil Trust Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, October 24th. Shareholders of record on Wednesday, October 15th were given a $0.205 dividend. The ex-dividend date of this dividend was Wednesday, October 15th. This is an increase from MV Oil Trust’s previous quarterly dividend of $0.19. This represents a $0.82 dividend on an annualized basis and a yield of 67.8%. MV Oil Trust’s dividend payout ratio is currently 78.85%.

Institutional Investors Weigh In On MV Oil Trust

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Janney Montgomery Scott LLC acquired a new position in shares of MV Oil Trust in the 2nd quarter worth approximately $92,000. Marshall Wace LLP acquired a new position in MV Oil Trust during the second quarter worth $88,000. Finally, Allworth Financial LP purchased a new position in shares of MV Oil Trust during the second quarter worth $55,000. 3.54% of the stock is owned by hedge funds and other institutional investors.

MV Oil Trust Company Profile

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.