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

By September 9, 2019 No Comments

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

Separately, Integrated Investment Consultants LLC bought a new position in shares of MV Oil Trust during the 1st quarter worth approximately $164,000. 10.24% of the stock is owned by institutional investors.

Shares of MVO traded down $0.07 during mid-day trading on Friday, hitting $7.50. 9,470 shares of the company’s stock were exchanged, compared to its average volume of 18,917. The company has a 50-day simple moving average of $7.38 and a 200 day simple moving average of $7.93. MV Oil Trust has a 52 week low of $5.56 and a 52 week high of $12.63. The company has a market cap of $87.06 million, a PE ratio of 5.49 and a beta of 0.62.

MV Oil Trust (NYSE:MVO) last announced its quarterly earnings results on Friday, August 9th. The oil and gas producer reported $0.22 earnings per share (EPS) for the quarter. The business had revenue of $2.65 million for the quarter.

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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