Marshall Wace LLP Has $307,000 Position in MV Oil Trust (NYSE:MVO)

Marshall Wace LLP grew its holdings in MV Oil Trust (NYSE:MVO) by 176.4% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 32,576 shares of the oil and gas producer’s stock after purchasing an additional 20,791 shares during the quarter. Marshall Wace LLP’s holdings in MV Oil Trust were worth $307,000 as of its most recent filing with the SEC.

Separately, RIA Advisory Group LLC bought a new position in MV Oil Trust during the first quarter worth about $128,000. Institutional investors and hedge funds own 3.54% of the company’s stock.

MV Oil Trust Stock Performance

Shares of MV Oil Trust stock opened at $10.00 on Friday. The business’s 50 day simple moving average is $9.31 and its 200 day simple moving average is $9.50. MV Oil Trust has a 52-week low of $8.42 and a 52-week high of $13.50. The firm has a market cap of $115 million, a PE ratio of 6.62 and a beta of 0.75.

MV Oil Trust (NYSE:MVO) last issued 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.

MV Oil Trust Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 25th. Shareholders of record on Tuesday, October 15th will be issued a $0.33 dividend. The ex-dividend date is Tuesday, October 15th. This represents a $1.32 annualized dividend and a yield of 13.20%. MV Oil Trust’s dividend payout ratio is presently 108.61%.

Wall Street Analysts Forecast Growth

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

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.