StockNews.com Downgrades MV Oil Trust (NYSE:MVO) to Hold

MV Oil Trust (NYSE:MVO) was downgraded by investment analysts at StockNews.com from a “buy” rating to a “hold” rating in a research note issued to investors on Wednesday.

MV Oil Trust Stock Performance

MVO opened at $5.41 on Wednesday. MV Oil Trust has a fifty-two week low of $4.63 and a fifty-two week high of $11.63. The company has a market capitalization of $62.16 million, a P/E ratio of 3.40 and a beta of 0.67. The stock has a fifty day moving average of $6.25 and a 200-day moving average of $8.02.

Hedge Funds Weigh In On MV Oil Trust

An institutional investor recently bought a new position in MV Oil Trust stock. RIA Advisory Group LLC purchased a new position in shares of MV Oil Trust (NYSE:MVO) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 12,525 shares of the oil and gas producer’s stock, valued at approximately $119,000. RIA Advisory Group LLC owned approximately 0.11% of MV Oil Trust as of its most recent filing with the SEC. 3.54% of the stock is currently 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.