MV Oil Trust (NYSE:MVO) Releases Quarterly Earnings Results

MV Oil Trust (NYSE:MVOGet Free Report) issued its quarterly earnings data on Thursday. The oil and gas producer reported $1.02 earnings per share for the quarter, Zacks reports.

MV Oil Trust Price Performance

MVO stock opened at $6.53 on Friday. The company has a fifty day moving average price of $5.96 and a 200 day moving average price of $7.89. MV Oil Trust has a 12 month low of $4.63 and a 12 month high of $11.63. The company has a market cap of $75.10 million, a price-to-earnings ratio of 4.11 and a beta of 0.67.

MV Oil Trust Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, January 24th. Investors of record on Thursday, January 16th were given a $0.24 dividend. The ex-dividend date of this dividend was Thursday, January 16th. This represents a $0.96 annualized dividend and a yield of 14.70%. MV Oil Trust’s dividend payout ratio (DPR) is 60.38%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded shares of MV Oil Trust from a “buy” rating to a “hold” rating in a research report on Wednesday, March 12th.

Read Our Latest Report on MV Oil Trust

MV Oil Trust Company Profile

(Get Free Report)

MV Oil Trust acquires and holds term net profits interests in the oil and natural gas properties of MV Partners, LLC. Its properties wells located in the Mid-Continent region in the states of Kansas and Colorado. MV Oil Trust was incorporated in 2006 and is based in Houston, Texas.

See Also

Earnings History for MV Oil Trust (NYSE:MVO)

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