MV Oil Trust (NYSE:MVO) Downgraded to “Hold” Rating by StockNews.com

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

MV Oil Trust Stock Performance

Shares of NYSE MVO traded down $0.25 during mid-day trading on Monday, hitting $4.84. 87,616 shares of the stock traded hands, compared to its average volume of 125,008. MV Oil Trust has a 52 week low of $4.78 and a 52 week high of $11.63. The company has a market cap of $55.60 million, a price-to-earnings ratio of 3.04 and a beta of 0.74. The stock has a fifty day moving average price of $6.64 and a 200-day moving average price of $8.22.

Hedge Funds Weigh In On MV Oil Trust

A hedge fund recently bought a new stake in MV Oil Trust stock. Marshall Wace LLP acquired a new stake in shares of MV Oil Trust (NYSE:MVO) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 37,434 shares of the oil and gas producer’s stock, valued at approximately $301,000. Marshall Wace LLP owned approximately 0.33% of MV Oil Trust as of its most recent filing with the Securities and Exchange Commission. Institutional investors and hedge funds own 3.54% of the company’s stock.

About MV Oil Trust

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.