Janney Montgomery Scott LLC Sells 8,063 Shares of MV Oil Trust (NYSE:MVO)

Janney Montgomery Scott LLC lessened its holdings in MV Oil Trust (NYSE:MVOGet Rating) by 36.2% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 14,227 shares of the oil and gas producer’s stock after selling 8,063 shares during the period. Janney Montgomery Scott LLC owned approximately 0.12% of MV Oil Trust worth $177,000 at the end of the most recent quarter.

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Several other large investors also recently bought and sold shares of the business. Advisor Group Holdings Inc. increased its position in MV Oil Trust by 446.1% in the first quarter. Advisor Group Holdings Inc. now owns 9,830 shares of the oil and gas producer’s stock worth $116,000 after purchasing an additional 8,030 shares during the last quarter. Private Advisor Group LLC bought a new stake in MV Oil Trust in the first quarter worth $128,000. BNP Paribas Arbitrage SA bought a new stake in MV Oil Trust in the first quarter worth $137,000. Finally, Selective Wealth Management Inc. increased its position in MV Oil Trust by 73.7% in the second quarter. Selective Wealth Management Inc. now owns 262,250 shares of the oil and gas producer’s stock worth $2,927,000 after purchasing an additional 111,244 shares during the last quarter. Institutional investors own 4.67% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com assumed coverage on shares of MV Oil Trust in a research report on Wednesday, October 12th. They set a “buy” rating on the stock.

MV Oil Trust Stock Up 0.8 %

MVO stock opened at $15.66 on Friday. MV Oil Trust has a twelve month low of $9.01 and a twelve month high of $16.41. The stock has a market capitalization of $180.09 million, a price-to-earnings ratio of 8.20 and a beta of 0.95. The firm’s fifty day simple moving average is $14.49 and its two-hundred day simple moving average is $13.18.

MV Oil Trust (NYSE:MVOGet Rating) last posted its quarterly earnings data on Thursday, November 10th. The oil and gas producer reported $0.70 earnings per share for the quarter. The firm had revenue of $8.67 million for the quarter.

MV Oil Trust Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 25th. Shareholders of record on Tuesday, January 17th were given a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a yield of 10.47%. The ex-dividend date was Friday, January 13th. MV Oil Trust’s dividend payout ratio (DPR) is 85.86%.

MV Oil Trust Profile

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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.

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Want to see what other hedge funds are holding MVO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for MV Oil Trust (NYSE:MVOGet Rating).

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

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