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StockNews.com Initiates Coverage on MV Oil Trust (NYSE:MVO)
2023-03-19 05:02
StockNews.com started coverage on shares of MV Oil Trust (NYSE:MVO – Get Rating) in a report released on Thursday. The brokerage set a "buy" rating on the oil and gas producer's stock.
MV Oil Trust Trading Down 5.4 %
MVO traded down $0.52 on Thursday, hitting $9.11. 73,487 shares of the company's stock were exchanged, compared to its average volume of 88,559. MV Oil Trust has a fifty-two week low of $8.38 and a fifty-two week high of $16.41. The firm has a 50-day moving average price of $13.72 and a 200-day moving average price of $13.51. The stock has a market cap of $104.77 million, a price-to-earnings ratio of 4.77 and a beta of 0.96.
Get MV Oil Trust alerts:Institutional Inflows and Outflows
Several institutional investors have recently modified their holdings of the stock. UBS Group AG raised its holdings in shares of MV Oil Trust by 207.5% during the 3rd quarter. UBS Group AG now owns 2,297 shares of the oil and gas producer's stock worth $29,000 after acquiring an additional 1,550 shares during the period. Symphony Financial Ltd. Co. raised its holdings in shares of MV Oil Trust by 2.2% during the 3rd quarter. Symphony Financial Ltd. Co. now owns 78,853 shares of the oil and gas producer's stock worth $954,000 after acquiring an additional 1,692 shares during the period. Group One Trading L.P. purchased a new position in shares of MV Oil Trust during the 3rd quarter worth $34,000. Janney Montgomery Scott LLC raised its holdings in shares of MV Oil Trust by 19.5% during the 4th quarter. Janney Montgomery Scott LLC now owns 16,998 shares of the oil and gas producer's stock worth $278,000 after acquiring an additional 2,771 shares during the period. Finally, CWM LLC raised its holdings in shares of MV Oil Trust by 20.0% during the 3rd quarter. CWM LLC now owns 18,000 shares of the oil and gas producer's stock worth $224,000 after acquiring an additional 3,000 shares during the period. Hedge funds and other institutional investors own 4.67% of the company's stock.
MV Oil Trust Company Profile
(Get Rating)
MV Oil Trust is a close-ended investment trust. It engages in acquiring and holding a term net profits interest for the benefit of the trust unitholders. The company was founded on August 3, 2006 and is headquartered in Houston, TX.
Further Reading
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