MV Oil Trust Reaches New 12-Month Low at $23.11 (MVO)
MV Oil Trust (NYSE:MVO) set a new 52-week low during mid-day trading on Thursday, AnalystRatings.Net reports. The stock traded as low as $23.11 and last traded at $23.21, with a volume of 89,819 shares. The stock had previously closed at $23.76.
MVO has been the subject of a number of recent research reports. Analysts at Zacks downgraded shares of MV Oil Trust from an “outperform” rating to a “neutral” rating in a research note to investors on Monday, November 11th. They now have a $32.60 price target on the stock. Analysts at Raymond James downgraded shares of MV Oil Trust from a “market perform” rating to an “underperform” rating in a research note to investors on Tuesday, October 8th.
MV Oil Trust has a 52 week low of $23.50 and a 52 week high of $32.60. The stock’s 50-day moving average is $25.87 and its 200-day moving average is $27.79. The company has a market cap of $269.0 million and a P/E ratio of 7.95.
MV Oil Trust (NYSE:MVO) is a statutory trust formed by MV Partners, LLC (MV Partners).
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