MV Oil Trust (MVO) Trading 4% Higher
MV Oil Trust (NYSE:MVO) shares traded up 4% on Wednesday . The stock traded as high as $5.59 and last traded at $5.49, with a volume of 55,110 shares traded. The stock had previously closed at $5.28.
The firm has a market capitalization of $63.60 million, a price-to-earnings ratio of 10.24 and a beta of 0.45. The firm has a 50-day moving average of $5.94 and a 200 day moving average of $5.56.
A hedge fund recently bought a new stake in MV Oil Trust stock. Bank of Montreal Can acquired a new position in shares of MV Oil Trust (NYSE:MVO) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 22,000 shares of the company’s stock, valued at approximately $139,000. Bank of Montreal Can owned approximately 0.19% of MV Oil Trust at the end of the most recent quarter. Institutional investors and hedge funds own 9.12% of the company’s stock.
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About MV Oil Trust
MV Oil Trust (the Trust) is a statutory trust. The Trust acquires and holds a term net profits interest for the benefit of the Trust unitholders. Its underlying properties consist of MV Partners, LLC’s (MV Partners) net interests in all of its oil and natural gas properties, which are located in the Mid-Continent region in the States of Kansas and Colorado.
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