StockNews.com Upgrades MV Oil Trust (NYSE:MVO) to Buy

MV Oil Trust (NYSE:MVO) was upgraded by investment analysts at StockNews.com from a “hold” rating to a “buy” rating in a research note issued on Tuesday.

MV Oil Trust Stock Performance

Shares of MVO opened at $9.49 on Tuesday. The stock has a market capitalization of $109.08 million, a PE ratio of 6.20 and a beta of 0.76. MV Oil Trust has a 1 year low of $8.42 and a 1 year high of $13.95. The company’s 50-day simple moving average is $9.20 and its 200-day simple moving average is $9.52.

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

Institutional Trading of MV Oil Trust

A number of large investors have recently made changes to their positions in the company. Symphony Financial Ltd. Co. lifted its stake in MV Oil Trust by 1.6% in the first quarter. Symphony Financial Ltd. Co. now owns 67,103 shares of the oil and gas producer’s stock worth $717,000 after acquiring an additional 1,066 shares during the last quarter. RIA Advisory Group LLC purchased a new stake in shares of MV Oil Trust in the 1st quarter valued at approximately $128,000. Finally, Marshall Wace LLP raised its holdings in shares of 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 valued at $307,000 after purchasing an additional 20,791 shares in the last quarter. 3.54% of the stock is currently owned by hedge funds and other institutional investors.

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.