RIA Advisory Group LLC Acquires Shares of 12,525 MV Oil Trust (NYSE:MVO)

RIA Advisory Group LLC bought a new position in MV Oil Trust (NYSE:MVO) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 12,525 shares of the oil and gas producer’s stock, valued at approximately $119,000. RIA Advisory Group LLC owned approximately 0.11% of MV Oil Trust as of its most recent filing with the Securities and Exchange Commission (SEC).

Separately, Symphony Financial Ltd. Co. grew its stake in shares of MV Oil Trust by 1.9% during the 3rd quarter. Symphony Financial Ltd. Co. now owns 69,360 shares of the oil and gas producer’s stock valued at $652,000 after purchasing an additional 1,302 shares during the period. Hedge funds and other institutional investors own 3.54% of the company’s stock.

MV Oil Trust Stock Performance

MVO opened at $8.86 on Friday. The firm’s fifty day moving average is $9.24 and its 200 day moving average is $9.29. The stock has a market cap of $101.89 million, a price-to-earnings ratio of 5.57 and a beta of 0.77. MV Oil Trust has a fifty-two week low of $8.42 and a fifty-two week high of $12.73.

MV Oil Trust (NYSE:MVO) last released its quarterly earnings data on Thursday, November 7th. The oil and gas producer reported $0.41 earnings per share (EPS) for the quarter. The company had revenue of $4.95 million for the quarter.

MV Oil Trust Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 25th. Stockholders of record on Tuesday, October 15th were issued a dividend of $0.33 per share. The ex-dividend date of this dividend was Tuesday, October 15th. This represents a $1.32 annualized dividend and a dividend yield of 14.90%. MV Oil Trust’s dividend payout ratio (DPR) is 83.02%.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded MV Oil Trust from a “hold” rating to a “buy” rating in a research note on Tuesday, October 1st.

MV Oil Trust 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.