MV Oil Trust (NYSE:MVO – Get Free Report) was downgraded by stock analysts at StockNews.com from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Wednesday.
MV Oil Trust Trading Up 1.2 %
Shares of MVO opened at $5.41 on Wednesday. The company has a market capitalization of $62.16 million, a PE ratio of 3.40 and a beta of 0.67. MV Oil Trust has a 12 month low of $4.63 and a 12 month high of $11.63. The stock’s 50-day moving average price is $6.25 and its two-hundred day moving average price is $8.02.
Institutional Trading of MV Oil Trust
An institutional investor recently bought a new position in MV Oil Trust stock. Marshall Wace LLP purchased a new position in shares of MV Oil Trust (NYSE:MVO – Free Report) in the fourth quarter, according to its most recent filing with the SEC. The firm purchased 37,434 shares of the oil and gas producer’s stock, valued at approximately $301,000. Marshall Wace LLP owned 0.33% of MV Oil Trust at the end of the most recent quarter. 3.54% of the stock is owned by institutional investors and hedge funds.
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.
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