GSA Capital Partners LLP trimmed its stake in MV Oil Trust (NYSE:MVO) by 6.8% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 89,740 shares of the oil and gas producer’s stock after selling 6,500 shares during the period. GSA Capital Partners LLP owned 0.78% of MV Oil Trust worth $521,000 at the end of the most recent quarter.
Separately, Benjamin F. Edwards & Company Inc. raised its position in shares of MV Oil Trust by 11.2% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 19,779 shares of the oil and gas producer’s stock worth $115,000 after acquiring an additional 2,000 shares in the last quarter. Hedge funds and other institutional investors own 9.83% of the company’s stock.
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MV Oil Trust (NYSE:MVO) opened at 5.8315 on Wednesday. The stock has a 50 day moving average price of $5.33 and a 200 day moving average price of $5.83. The company has a market capitalization of $67.06 million, a price-to-earnings ratio of 9.1117 and a beta of 0.29. MV Oil Trust has a 52-week low of $4.80 and a 52-week high of $7.35.
MV Oil Trust (NYSE:MVO) last released its earnings results on Wednesday, August 9th. The oil and gas producer reported $0.25 earnings per share (EPS) for the quarter. The company had revenue of $3.08 million during the quarter. On average, equities analysts expect that MV Oil Trust will post $1.74 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 25th. Investors of record on Friday, October 13th will be issued a $0.125 dividend. The ex-dividend date of this dividend is Thursday, October 12th. This represents a $0.50 dividend on an annualized basis and a yield of 8.57%. MV Oil Trust’s dividend payout ratio (DPR) is presently 140.63%.
MV Oil Trust Profile
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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