MV Oil Trust (NYSE:MVO) Stock Crosses Above 200-Day Moving Average of $11.48

MV Oil Trust (NYSE:MVOGet 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

The firm also recently announced a quarterly dividend, which was paid on Monday, July 25th. Investors of record on Friday, July 15th were given a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a yield of 21.76%. The ex-dividend date of this dividend was Thursday, July 14th. This is a boost from MV Oil Trust’s previous quarterly dividend of $0.43.

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

(Get Rating)

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.

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