MV Oil Trust (NYSE:MVO) Short Interest Update

MV Oil Trust (NYSE:MVO) was the target of a significant drop in short interest during the month of January. As of January 30th, there was short interest totaling 850,553 shares, a drop of 28.9% from the January 15th total of 1,196,368 shares. Based on an average daily volume of 378,716 shares, the days-to-cover ratio is presently 2.2 days. Currently, 7.4% of the shares of the stock are sold short. Currently, 7.4% of the shares of the stock are sold short. Based on an average daily volume of 378,716 shares, the days-to-cover ratio is presently 2.2 days.

MV Oil Trust Stock Up 3.9%

MVO traded up $0.06 during trading on Monday, reaching $1.48. The company had a trading volume of 139,056 shares, compared to its average volume of 253,736. The business has a 50 day simple moving average of $1.45 and a 200-day simple moving average of $3.66. The stock has a market cap of $16.96 million, a P/E ratio of 1.40 and a beta of -0.08. MV Oil Trust has a 52 week low of $0.97 and a 52 week high of $6.60.

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 issued a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a yield of 38.0%. The ex-dividend date was Friday, January 16th. MV Oil Trust’s dividend payout ratio is presently 53.85%.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of MVO. HRT Financial LP purchased a new position in MV Oil Trust during the 4th quarter valued at $28,000. Janney Montgomery Scott LLC bought a new stake in shares of MV Oil Trust during the second quarter worth $92,000. Marshall Wace LLP purchased a new stake in shares of MV Oil Trust during the second quarter valued at $88,000. Finally, Allworth Financial LP purchased a new stake in shares of MV Oil Trust during the second quarter valued at $55,000. Institutional investors own 3.54% of the company’s stock.

Analysts Set New Price Targets

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

About MV Oil Trust

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.