Stock Traders Buy High Volume of Put Options on MV Oil Trust (MVO)

MV Oil Trust (NYSE:MVO) was the recipient of unusually large options trading on Friday. Traders bought 3,540 put options on the stock. This is an increase of 6,336% compared to the average volume of 55 put options.

Shares of MV Oil Trust (NYSE MVO) opened at $6.82 on Wednesday. The company has a market capitalization of $78.78, a PE ratio of 9.01 and a beta of 0.22. MV Oil Trust has a 1-year low of $4.80 and a 1-year high of $7.35.

An institutional investor recently raised its position in MV Oil Trust stock. Shoker Investment Counsel Inc. raised its holdings in MV Oil Trust (NYSE:MVO) by 1.4% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 107,806 shares of the oil and gas producer’s stock after purchasing an additional 1,456 shares during the period. Shoker Investment Counsel Inc. owned about 0.94% of MV Oil Trust worth $626,000 at the end of the most recent quarter. 9.65% of the stock is owned by institutional investors.

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MV Oil Trust Company Profile

MV Oil Trust (the Trust) is a statutory trust. The Trust acquires and holds a term net profits interest for the benefit of the Trust unitholders. Its underlying properties consist of MV Partners, LLC’s (MV Partners) net interests in all of its oil and natural gas properties, which are located in the Mid-Continent region in the States of Kansas and Colorado.

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