MV Oil Trust declares a $0.41 quarterly dividend (NYSE:MVO)

According to Zacks, MV Oil Trust (NYSE: MVO) announced the payment of a quarterly dividend on January 5. The announcement was made on January 5. On January 25, the oil and gas company will pay a dividend of $0.41 per share to its shareholders. This dividend payment would be made to shareholders who were recorded as having their shares as of the previous Tuesday, January 17, and to shareholders who were recorded as having their shares as of January 25. Consequently, the quarterly dividend yield will be 11.07%, and the annual dividend payout will be 1.64 dollars. The day that the dividend is no longer payable is this coming Friday, January 13.

The dividend payment that MV Oil Trust distributes has increased, on average, at an annual rate of 28.4% higher over the past three years.

On Friday, MVO began trading for $14.81. A current market value of $170.32 million, a price-to-earnings ratio of 7.75, and a beta value of 0.95 have been assigned to the stock. MV Oil Trust hit a low of $8.20 over the past year, while the company reached a high of $16.41 over the same period. The moving average of the company’s stock price over the past 200 days is $12.76, and the moving average over the last 50 days is $13.82.

On November 10, the most recent financial results for MV Oil Trust, traded on the NYSE under MVO, were made public. Profits per share of $0.70 were generated by the oil and gas business during the prior quarter under the symbol MVO and were made public. The oil and gas business generated profits per share of $0.70 during the prior quarter. The company reported total revenues of $8.67 million in the time frame under consideration.

Recently, there has been increased trading activity in the market from various institutional investors and hedge funds. These investors have been buying and selling shares of the company. During the third quarter, BNP Paribas Arbitrage SNC achieved a 61.6% increase in the proportion of MV Oil Trust shares it owned. During the most recent quarter, BNP Paribas Arbitrage SNC purchased an additional 7,623 shares of the oil and gas producer’s stock, which resulted in increased holdings in the company’s stock. As a direct consequence of these acquisitions, the organization now owns 19,998 shares of the company’s stock, which have a combined value of $249,000. During the first three months of the year, BNP Paribas Arbitrage SA provided MV Oil Trust with an investment contribution that amounted to 137 thousand dollars in total. A fresh investment of $128,000 was made in MV Oil Trust by Private Advisor Group LLC during the first three months of 2018. During the third quarter, BNP Paribas Arbitrage SNC achieved a 61.6% increase in the proportion of MV Oil Trust shares it owned. During the most recent quarter, BNP Paribas Arbitrage SNC purchased an additional 7,623 shares of the oil and gas producer’s stock, which resulted in increased holdings in the company’s stock. As a direct consequence of these acquisitions, the organization now owns 19,998 shares of the company’s stock, which have a combined value of $249,000. During the first three months of the year, BNP Paribas Arbitrage SA provided MV Oil Trust with an investment contribution that amounted to 137 thousand dollars in total. A fresh investment of $128,000 was made in MV Oil Trust by Private Advisor Group LLC during the first three months of 2018. The percentage of shares in MV Oil Trust owned by Advisor Group Holdings Inc. increased by 446.1% during the first three months of 2018. During the most recent fiscal quarter, Advisor Group Holdings Inc. bought an additional 8,030 shares of the stock held by the oil and gas producer. As a direct consequence of this development, the organization is now the proud owner of 9,830 of the oil and gas producer’s shares of stock, which have a market value of $116,000. And finally, during the third quarter, UBS Group AG completed a 207.5% increase in the number of shares of MV Oil Trust that it owned, bringing its total ownership percentage to 1. UBS Group AG now has 2,297 shares of the oil and gas producer’s stock after purchasing an additional 1,550 shares during the most recent quarter. The current market value of these shares is $29,000, and UBS Group AG’s total holdings are worth $29,000. Institutional investors and investors who work for hedge funds own 4.67% of the company’s stock. Hedge fund investors and institutional investors

StockNews.com debuted its coverage of MV Oil Trust on Wednesday, October 12, with the publication of a research report that was the first of its kind from the company. The consensus recommendation for the stock was a “buy.”

MV Oil Trust is accountable for purchasing and maintaining the net profit interests in the oil and gas properties that MV Partners, LLC, own. These responsibilities fall under the purview of the MV Oil Trust. In the Mid-Continent region, Kansas and Colorado are home to approximately 860 oil and gas wells that are currently active and producing revenue. These wells are located on private land. Houston, which is in the state of Texas, is where the company’s corporate headquarters can be found. In 2006, it started conducting business.