MV Oil Trust (NYSE:MVO – Get Rating)’s share price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $11.48 and traded as high as $14.22. MV Oil Trust shares last traded at $12.87, with a volume of 152,128 shares changing hands.
Wall Street Analyst Weigh In
Separately, StockNews.com upgraded shares of MV Oil Trust from a “hold” rating to a “buy” rating in a research report on Saturday, May 28th.
MV Oil Trust Price Performance
The business’s 50-day moving average is $11.87 and its 200 day moving average is $11.48.
MV Oil Trust Increases Dividend
Hedge Funds Weigh In On MV Oil Trust
A number of large investors have recently added to or reduced their stakes in the business. Symphony Financial Ltd. Co. grew its holdings in MV Oil Trust by 11.4% in the 1st quarter. Symphony Financial Ltd. Co. now owns 76,280 shares of the oil and gas producer’s stock worth $882,000 after acquiring an additional 7,784 shares during the last quarter. Advisor Group Holdings Inc. grew its holdings in MV Oil Trust by 446.1% in the 1st quarter. Advisor Group Holdings Inc. now owns 9,830 shares of the oil and gas producer’s stock worth $116,000 after acquiring an additional 8,030 shares during the last quarter. Private Advisor Group LLC bought a new stake in MV Oil Trust in the 1st quarter worth $128,000. BNP Paribas Arbitrage SA bought a new stake in MV Oil Trust in the 1st quarter worth $137,000. Finally, Selective Wealth Management Inc. grew its holdings in MV Oil Trust by 73.7% in the 2nd quarter. Selective Wealth Management Inc. now owns 262,250 shares of the oil and gas producer’s stock worth $2,927,000 after acquiring an additional 111,244 shares during the last quarter.
About MV Oil Trust
MV Oil Trust acquires and holds net profits interests in the oil and natural gas properties of MV Partners, LLC. Its properties include approximately 860 producing oil and gas wells located in the Mid-Continent region in the states of Kansas and Colorado. The company was incorporated in 2006 and is based in Houston, Texas.
- Get a free copy of the StockNews.com research report on MV Oil Trust (MVO)
- 3 Banks Worth Considering For Q4
- Stock Market: 3 Islands Of Strength In A Sea Of Red
- MarketBeat: Week in Review 9/12 – 9/16
- Is There a Cure for What is Ailing Teladoc Stock?
- No One Told These 3 Stocks It’s a Down Week
Receive News & Ratings for MV Oil Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MV Oil Trust and related companies with MarketBeat.com's FREE daily email newsletter.