MV Oil Trust Plans Quarterly Dividend of $0.79 (MVO)
MV Oil Trust (NYSE:MVO) announced a quarterly dividend on Thursday, July 3rd, AR Network reports. Shareholders of record on Tuesday, July 15th will be given a dividend of 0.79 per share on Friday, July 25th. This represents a $3.16 dividend on an annualized basis and a yield of 10.99%.
On the ratings front, analysts at Zacks upgraded shares of MV Oil Trust from an “underperform” rating to an “outperform” rating in a research note on Thursday, June 26th. They now have a $29.30 price target on the stock.
MV Oil Trust (NYSE:MVO) traded down 1.36% on Thursday, hitting $28.36. 43,345 shares of the company’s stock traded hands. MV Oil Trust has a 1-year low of $22.76 and a 1-year high of $32.05. The stock has a 50-day moving average of $26.46 and a 200-day moving average of $24.94. The company has a market cap of $326.1 million and a price-to-earnings ratio of 8.53.
MV Oil Trust (NYSE:MVO) last posted its quarterly earnings results on Tuesday, May 27th. The company reported $0.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.76 by $0.07.
MV Oil Trust (NYSE:MVO) is a statutory trust formed by MV Partners, LLC (MV Partners).
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