Industry News

Tocqueville Asset Management L.P. Buys Shares of 40,000 MV Oil Trust (NYSE:MVO)

By August 24, 2019 No Comments

Tocqueville Asset Management L.P. acquired a new position in shares of MV Oil Trust (NYSE:MVO) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 40,000 shares of the oil and gas producer’s stock, valued at approximately $320,000. Tocqueville Asset Management L.P. owned approximately 0.35% of MV Oil Trust at the end of the most recent quarter.

Separately, Integrated Investment Consultants LLC purchased a new position in shares of MV Oil Trust during the first quarter worth about $164,000. Institutional investors and hedge funds own 10.24% of the company’s stock.

MVO traded down $0.17 during midday trading on Friday, hitting $7.20. The stock had a trading volume of 10,508 shares, compared to its average volume of 28,625. The company has a market cap of $82.68 million, a P/E ratio of 5.21 and a beta of 0.59. The business has a fifty day moving average of $7.57 and a 200 day moving average of $7.94. MV Oil Trust has a 1 year low of $5.56 and a 1 year high of $12.63.

The company also recently announced a quarterly dividend, which was paid on Thursday, July 25th. Shareholders of record on Monday, July 15th were paid a $0.305 dividend. This represents a $1.22 annualized dividend and a yield of 16.94%. The ex-dividend date was Friday, July 12th.

MV Oil Trust Company Profile

MV Oil Trust acquires and holds net profits interests in the oil and natural gas properties of MV Partners, LLC. Its properties include approximately 900 producing oil and gas wells located in the Mid-Continent region in the states of Kansas and Colorado. The company was founded in 2006 and is based in Houston, Texas.

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Institutional Ownership by Quarter for MV Oil Trust (NYSE:MVO)

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