Short Interest in MV Oil Trust (NYSE:MVO) Grows By 48.7%

MV Oil Trust (NYSE:MVO) was the recipient of a large growth in short interest during the month of January. As of January 15th, there was short interest totaling 1,196,368 shares, a growth of 48.7% from the December 31st total of 804,812 shares. Based on an average daily trading volume, of 1,375,331 shares, the short-interest ratio is presently 0.9 days. Approximately 10.4% of the shares of the company are short sold. Approximately 10.4% of the shares of the company are short sold. Based on an average daily trading volume, of 1,375,331 shares, the short-interest ratio is presently 0.9 days.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of MV Oil Trust in a research note on Monday, December 29th. One research analyst has rated the stock with a Sell rating, According to MarketBeat, MV Oil Trust currently has a consensus rating of “Sell”.

MV Oil Trust Trading Up 14.7%

MVO stock opened at $1.56 on Friday. The company’s 50 day moving average is $1.38 and its two-hundred day moving average is $3.98. MV Oil Trust has a twelve month low of $0.97 and a twelve month high of $6.60. The stock has a market cap of $17.94 million, a P/E ratio of 1.50 and a beta of -0.13.

MV Oil Trust (NYSE:MVO) last announced its quarterly earnings results on Monday, November 10th. The oil and gas producer reported $0.19 earnings per share for the quarter. The company had revenue of $2.36 million during the quarter.

MV Oil Trust Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 23rd. Shareholders of record on Friday, January 16th were paid a $0.14 dividend. The ex-dividend date was Friday, January 16th. This represents a $0.56 dividend on an annualized basis and a yield of 35.9%. MV Oil Trust’s payout ratio is currently 53.85%.

Institutional Trading of MV Oil Trust

A number of large investors have recently bought and sold shares of MVO. Allworth Financial LP acquired a new position in MV Oil Trust in the second quarter valued at $55,000. Marshall Wace LLP acquired a new stake in MV Oil Trust during the 2nd quarter worth approximately $88,000. Finally, Janney Montgomery Scott LLC acquired a new position in shares of MV Oil Trust in the second quarter valued at approximately $92,000. Institutional investors and hedge funds own 3.54% of the company’s stock.

MV Oil Trust Company Profile

MV Oil Trust is an exchange-listed royalty trust that holds overriding royalty and net profits interests in oil and gas properties across the United States. As a non-operating entity, the trust does not engage in exploration or development; instead, it collects a share of production revenues after operating expenses are deducted.

The trust’s interests are primarily concentrated in onshore hydrocarbon fields in West Texas, providing unitholders with exposure to established production streams.