MV Oil Trust (NYSE:MVO) Shares Down 0.1%

MV Oil Trust (NYSE:MVO) was down 0.1% during trading on Friday . The company traded as low as $7.65 and last traded at $7.65. Approximately 349 shares traded hands during trading, a decline of 98% from the average daily volume of 19,843 shares. The stock had previously closed at $7.66.

MV Oil Trust (NYSE:MVO) last issued its quarterly earnings data on Thursday, May 9th. The oil and gas producer reported $0.32 EPS for the quarter. The firm had revenue of $3.82 million for the quarter.

A hedge fund recently raised its stake in MV Oil Trust stock. Morgan Stanley grew its stake in shares of MV Oil Trust (NYSE:MVO) by 180.3% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 40,171 shares of the oil and gas producer’s stock after purchasing an additional 25,842 shares during the period. Morgan Stanley owned approximately 0.35% of MV Oil Trust worth $329,000 as of its most recent SEC filing.

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About MV Oil Trust (NYSE:MVO)

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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