MV Oil Trust Upgraded by Zacks to “Outperform” (MVO)
MV Oil Trust (NYSE:MVO) was upgraded by Zacks from a “neutral” rating to an “outperform” rating in a research note issued on Thursday, AnalystRatings.NET reports. The firm currently has a $26.60 price target on the stock. Zacks‘ price objective would suggest a potential upside of 5.26% from the stock’s previous close.
Separately, analysts at Raymond James upgraded shares of MV Oil Trust from an “underperform” rating to a “market perform” rating in a research note to investors on Wednesday.
Shares of MV Oil Trust (NYSE:MVO) traded down 1.94% during mid-day trading on Thursday, hitting $24.78. 68,119 shares of the company’s stock traded hands. 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 $25.36 and its 200-day moving average is $27.57. The company has a market cap of $285.0 million and a price-to-earnings ratio of 8.45.
The company also recently declared a quarterly dividend, which is scheduled for Friday, January 24th. Stockholders of record on Wednesday, January 15th will be given a dividend of 0.83 per share. This represents a $3.32 dividend on an annualized basis and a yield of 13.14%. The ex-dividend date of this dividend is Monday, January 13th.
MV Oil Trust (NYSE:MVO) is a statutory trust formed by MV Partners, LLC (MV Partners).
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