MV Oil Trust (NYSE:MVO) Short Interest Update

MV Oil Trust (NYSE:MVO) was the recipient of a large decrease in short interest in January. As of January 30th, there was short interest totaling 850,553 shares, a decrease of 28.9% from the January 15th total of 1,196,368 shares. Currently, 7.4% of the company’s shares are sold short. Based on an average daily volume of 378,716 shares, the days-to-cover ratio is currently 2.2 days. Based on an average daily volume of 378,716 shares, the days-to-cover ratio is currently 2.2 days. Currently, 7.4% of the company’s shares are sold short.

Institutional Trading of MV Oil Trust

Several large investors have recently modified their holdings of MVO. HRT Financial LP bought a new stake in MV Oil Trust in the fourth quarter valued at about $28,000. Marshall Wace LLP bought a new stake in shares of MV Oil Trust in the 2nd quarter valued at approximately $88,000. Allworth Financial LP acquired a new stake in shares of MV Oil Trust during the 2nd quarter valued at approximately $55,000. Finally, Janney Montgomery Scott LLC bought a new position in MV Oil Trust during the second quarter worth $92,000. 3.54% of the stock is currently owned by institutional investors and hedge funds.

MV Oil Trust Price Performance

NYSE MVO traded up $0.06 on Friday, reaching $1.48. The company had a trading volume of 139,056 shares, compared to its average volume of 253,736. MV Oil Trust has a 1 year low of $0.97 and a 1 year high of $6.60. The firm has a 50-day moving average of $1.45 and a 200-day moving average of $3.66. The firm has a market capitalization of $16.96 million, a PE ratio of 1.42 and a beta of -0.08.

MV Oil Trust Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, January 23rd. Investors of record on Friday, January 16th were paid a dividend of $0.14 per share. The ex-dividend date of this dividend was Friday, January 16th. This represents a $0.56 annualized dividend and a yield of 38.0%. MV Oil Trust’s payout ratio is 53.85%.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “sell (d)” rating on shares of MV Oil Trust in a research report on Monday, December 29th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, MV Oil Trust currently has an average rating of “Sell”.

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.