Short Interest in MV Oil Trust (NYSE:MVO) Grows By 23.1%
by Amy Steele · The Cerbat GemMV Oil Trust (NYSE:MVO – Get Free Report) was the recipient of a large increase in short interest during the month of April. As of April 15th, there was short interest totaling 937,972 shares, an increase of 23.1% from the March 31st total of 761,677 shares. Based on an average daily trading volume, of 466,692 shares, the short-interest ratio is currently 2.0 days. Approximately 8.2% of the shares of the company are sold short.
Analysts Set New Price Targets
Separately, Weiss Ratings restated a “sell (d)” rating on shares of MV Oil Trust in a research report on Friday, March 27th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Sell”.
View Our Latest Stock Report on MV Oil Trust
MV Oil Trust Stock Performance
MVO traded down $0.04 during trading on Friday, reaching $2.49. The company’s stock had a trading volume of 122,960 shares, compared to its average volume of 359,914. The company’s fifty day moving average price is $2.39 and its 200-day moving average price is $2.36. MV Oil Trust has a 52-week low of $0.97 and a 52-week high of $6.26. The company has a market capitalization of $28.64 million, a price-to-earnings ratio of 2.71 and a beta of -0.11.
MV Oil Trust (NYSE:MVO – Get Free Report) last issued its earnings results on Tuesday, March 24th. The oil and gas producer reported $0.21 earnings per share (EPS) for the quarter. The business had revenue of $2.57 million for the quarter.
MV Oil Trust Increases Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 24th. Shareholders of record on Wednesday, April 15th were given a $0.17 dividend. The ex-dividend date was Wednesday, April 15th. This is a positive change from MV Oil Trust’s previous quarterly dividend of $0.14. This represents a $0.68 annualized dividend and a yield of 27.3%. MV Oil Trust’s dividend payout ratio (DPR) is currently 73.91%.
Hedge Funds Weigh In On MV Oil Trust
Institutional investors and hedge funds have recently made changes to their positions in the stock. Marshall Wace LLP purchased a new position in shares of MV Oil Trust in the 2nd quarter valued at about $88,000. HRT Financial LP acquired a new position in MV Oil Trust during the fourth quarter worth about $28,000. Finally, XTX Topco Ltd acquired a new position in MV Oil Trust during the fourth quarter worth about $45,000. 3.54% of the stock is owned by institutional investors and hedge funds.
About MV Oil Trust
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.