MV Oil Trust Plans Quarterly Dividend of $0.83 (MVO)
MV Oil Trust (NYSE:MVO) declared a quarterly dividend on Friday, January 3rd, Stock Ratings Network.com reports. Shareholders of record on Wednesday, January 15th will be given a dividend of 0.83 per share on Friday, January 24th. This represents a $3.32 dividend on an annualized basis and a yield of 14.15%.
Several analysts have recently commented on the stock. 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 (NYSE:MVO) traded up 0.30% on Friday, hitting $23.46. The stock had a trading volume of 63,251 shares. MV Oil Trust has a one year low of $23.11 and a one year high of $32.60. The stock’s 50-day moving average is $25.71 and its 200-day moving average is $27.76. The company has a market cap of $269.8 million and a price-to-earnings ratio of 7.82.
MV Oil Trust (NYSE:MVO) is a statutory trust formed by MV Partners, LLC (MV Partners).
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