StockNews.com Lowers MV Oil Trust (NYSE:MVO) to Hold

MV Oil Trust (NYSE:MVO) was downgraded by equities research analysts at StockNews.com from a “buy” rating to a “hold” rating in a report issued on Monday.

MV Oil Trust Trading Down 1.7 %

MVO stock traded down $0.16 during midday trading on Monday, reaching $9.22. 36,716 shares of the company’s stock traded hands, compared to its average volume of 55,071. MV Oil Trust has a 52-week low of $8.42 and a 52-week high of $13.95. The stock has a market cap of $106.03 million, a P/E ratio of 6.03 and a beta of 0.76. The stock’s 50-day moving average is $9.19 and its 200 day moving average is $9.52.

MV Oil Trust (NYSE:MVO) last announced its earnings results on Friday, August 9th. The oil and gas producer reported $0.33 EPS for the quarter. The business had revenue of $4.02 million for the quarter.

Hedge Funds Weigh In On MV Oil Trust

Several institutional investors have recently bought and sold shares of the business. Symphony Financial Ltd. Co. lifted its position in MV Oil Trust by 1.6% during the first quarter. Symphony Financial Ltd. Co. now owns 67,103 shares of the oil and gas producer’s stock valued at $717,000 after purchasing an additional 1,066 shares during the last quarter. RIA Advisory Group LLC purchased a new position in MV Oil Trust in the 1st quarter worth about $128,000. Finally, Marshall Wace LLP increased its stake in MV Oil Trust by 176.4% in the 2nd quarter. Marshall Wace LLP now owns 32,576 shares of the oil and gas producer’s stock worth $307,000 after buying an additional 20,791 shares during the period. Institutional investors own 3.54% of the company’s stock.

MV Oil Trust Company Profile

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.