Profile
Sector:
EnergyIndustry:
Oil & Gas Equipment & ServicesCountry:
United StatesIPO:
19 January 2007Website:
http://mvo.q4web.comNext earnings report:
08 November 2024Last dividends:
15 July 2024Next dividends:
N/APrice
regular market | 53 min agoAnalysts recommendations
Institutional Ownership
MVO Latest News
HOUSTON--(BUSINESS WIRE)--MV Oil Trust (NYSE: MVO) announced the Trust distribution of net profits for the quarterly payment period ended September 30, 2024. Unitholders of record on October 15, 2024 will receive a distribution amounting to $3,795,000 or $0.330 per unit payable October 25, 2024. Volumes, average price and net profits for the payment period were: Volume (BOE) 149,086 Average price (per BOE) $ 73.90 Gross proceeds $ 11,017,675 Costs $ 5,957,766 Net profits $ 5.
MV Oil Trust, a term trust focused on crude oil, will terminate on June 30, 2026, with no further distributions post-termination. Despite stable earnings and high yield, MVO's declining unit price and impending termination suggest selling now to avoid potential losses. MVO's price has dropped 32% since its last 4 ex-dividend dates, starting 10/13/23) making it less attractive despite its high trailing dividend yield of over 17%.
HOUSTON--(BUSINESS WIRE)--MV Oil Trust (NYSE: MVO) announced the Trust distribution of net profits for the quarterly payment period ended June 30, 2024. Unitholders of record on July 15, 2024 will receive a distribution amounting to $4,715,000 or $0.410 per unit payable July 25, 2024. Volumes, average price and net profits for the payment period were: Volume (BOE) 151,140 Average price (per BOE) $ 76.62 Gross proceeds $ 11,580,171 Costs $ 5,393,841 Net profits $ 6,186,330 Pe.
MV Oil Trust is a near pure play on crude oil, with 99% of its income coming from crude. The trust's net profit interests have been on the rise in the past two quarters, reaching the highest level since Q4 '22. MVO's trailing dividend yield is 13.28%, and it has no debt.
MV Oil Trust is a royalty trust that earns income from crude oil production, with 99% of its income coming from crude. The trust has seen a decline in net profit interests and distributable income in Q1-3 2023 compared to 2022. MVO has a trailing dividend yield of 11.77% and has outperformed the market in 2022 but has trailed in 2023.
MV Oil Trust offers a high dividend yield of 17.5% on a TTM basis but is likely a dividend trap due to its net profits interest agreement expiring in 2026. Investors may receive between $5.00 and $6.00 cumulative dividends per share before the trust's termination, but the residual value of the properties is unlikely to be significant. MVO stock should be avoided, and existing shareholders may want to consider exiting their positions.
What type of business is 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.
What sector is MV Oil Trust in?
MV Oil Trust is in the Energy sector
What industry is MV Oil Trust in?
MV Oil Trust is in the Oil & Gas Equipment & Services industry
What country is MV Oil Trust from?
MV Oil Trust is headquartered in United States
When did MV Oil Trust go public?
MV Oil Trust initial public offering (IPO) was on 19 January 2007
What is MV Oil Trust website?
https://mvo.q4web.com/home/default.aspx
Is MV Oil Trust in the S&P 500?
No, MV Oil Trust is not included in the S&P 500 index
Is MV Oil Trust in the NASDAQ 100?
No, MV Oil Trust is not included in the NASDAQ 100 index
Is MV Oil Trust in the Dow Jones?
No, MV Oil Trust is not included in the Dow Jones index
When was MV Oil Trust the previous earnings report?
No data
When does MV Oil Trust earnings report?
The next expected earnings date for MV Oil Trust is 08 November 2024