Symphony Financial Ltd. Co. recently announced the acquisition of new stake in MV Oil Trust (NYSE:MVO). The institutional investor has increased its shareholding in the Energy company by 2.19% to 78853.0 shares with purchase of 1692.0 shares. This fresh investment now brings its stake to 0.69% valued currently at $1.29 million. In addition, Simplex Trading LLC raised its holdings by 34271.0 to 47138.0 shares. And BNP Paribas Arbitrage SNC has lifted its position by 61.60% or 7623.0 shares – to 19998.0 shares.
With over 0.1 million MV Oil Trust (MVO) shares trading Monday and a closing price of $15.78 on the day, the dollar volume was approximately $1.63 million. The shares have shown a positive half year performance of 43.59% and its price on 01/23/23 gained nearly 0.45%. Currently, there are 11.50M common shares owned by the public and among those 7.16M shares have been available to trade.
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Insiders at the company have transacted a total of 0 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 0 of these insider trades were purchases, accounting for 0 shares. Insider sales of the common stock occurred on 0 occasions, with total insider shares sold totaling 0 shares.
However, the script later moved the day high at 15.95, up 0.45%. The company’s stock has a 5-day price change of 4.09% and 26.34% over the past three months. MVO shares are trading -3.37% year to date (YTD), with the 12-month market performance up to 81.59% higher. It has a 12-month low price of $8.20 and touched a high of $16.41 over the same period. MVO has an average intraday trading volume of 81.24K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 3.88%, 11.81%, and 27.04% respectively.
Institutional ownership of MV Oil Trust (NYSE: MVO) shares accounts for 13.30% of the company’s 11.50M shares outstanding. Mutual fund holders own –, while other institutional holders and individual stakeholders account for 25.00% and — respectively.
It has a market capitalization of $178.63M and a beta (3y monthly) value of 0.86. The stock’s trailing 12-month PE ratio is 8.31, while the earnings-per-share (ttm) stands at $1.90. The company has a PEG of 1.19 and the debt-to-equity ratio at 0.00. Price movements for the stock have been influenced by the stock’s volatility, which stands at 3.61% over the week and 5.40% over the month.
Analysts forecast that MV Oil Trust (MVO) will achieve an EPS of $0 for the current quarter, $0 for the next quarter and $0 for 2019. The lowest estimate earnings-per-share for the quarter is $0 while analysts give the company a high EPS estimate of $0. EPS should shrink at an annualized rate of 7.00% over the next five years, compared to 19.70% over the past 5-year period.
Looking at the support for the MVO, a number of firms have released research notes about the stock. RBC Capital Mkts stated their Sector Perform rating for the stock in a research note on June 02, 2008, with the firm’s price target at $24.50-$23.50. AG Edwards was of a view on March 01, 2007 that the stock is Buy, while RBC Capital Mkts gave the stock Sector Perform rating on February 28, 2007, issuing a price target of $24.50.
