MV Oil Trust (NYSE:MVO) Short Interest Update

MV Oil Trust (NYSE:MVO) saw a large growth in short interest in December. As of December 31st, there was short interest totaling 804,812 shares, a growth of 31.8% from the December 15th total of 610,718 shares. Approximately 7.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 183,452 shares, the days-to-cover ratio is presently 4.4 days. Based on an average daily trading volume, of 183,452 shares, the days-to-cover ratio is presently 4.4 days. Approximately 7.0% of the shares of the stock are sold short.

MV Oil Trust Price Performance

Shares of NYSE:MVO opened at $1.79 on Friday. MV Oil Trust has a one year low of $0.97 and a one year high of $8.25. The company has a market cap of $20.53 million, a price-to-earnings ratio of 1.72 and a beta of -0.13. The firm has a 50 day simple moving average of $1.63 and a 200 day simple moving average of $4.28.

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 for the quarter. The company had revenue of $2.36 million for the quarter.

MV Oil Trust Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 23rd. Shareholders of record on Friday, January 16th will be issued a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a yield of 31.4%. The ex-dividend date of this dividend is Friday, January 16th. MV Oil Trust’s dividend payout ratio is presently 78.85%.

Wall Street Analyst Weigh In

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

Institutional Trading of MV Oil Trust

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

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.