VOC Energy Trust (NYSE:VOC) Share Price Crosses Above 200 Day Moving Average – What’s Next?

VOC Energy Trust (NYSE:VOC) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $2.89 and traded as high as $2.94. VOC Energy Trust shares last traded at $2.93, with a volume of 18,356 shares trading hands.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of VOC Energy Trust in a research note on Monday, December 8th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Sell”.

VOC Energy Trust Stock Performance

The stock has a market capitalization of $49.81 million, a P/E ratio of 5.75 and a beta of 0.32. The stock has a 50-day moving average price of $2.94 and a two-hundred day moving average price of $2.89.

VOC Energy Trust (NYSE:VOC) last announced its earnings results on Monday, November 10th. The oil and gas producer reported $0.11 EPS for the quarter. The company had revenue of $2.16 million during the quarter. VOC Energy Trust had a return on equity of 75.96% and a net margin of 87.74%.

VOC Energy Trust Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, November 14th. Stockholders of record on Thursday, October 30th were given a $0.11 dividend. This represents a $0.44 annualized dividend and a dividend yield of 15.0%. The ex-dividend date of this dividend was Thursday, October 30th. VOC Energy Trust’s dividend payout ratio (DPR) is currently 86.27%.

Hedge Funds Weigh In On VOC Energy Trust

A number of institutional investors have recently bought and sold shares of the stock. XTX Topco Ltd bought a new stake in VOC Energy Trust during the 1st quarter valued at approximately $61,000. Janney Montgomery Scott LLC lifted its stake in shares of VOC Energy Trust by 152.2% in the 2nd quarter. Janney Montgomery Scott LLC now owns 42,733 shares of the oil and gas producer’s stock valued at $122,000 after purchasing an additional 25,792 shares during the period. Finally, 180 Wealth Advisors LLC lifted its stake in shares of VOC Energy Trust by 19.7% in the 2nd quarter. 180 Wealth Advisors LLC now owns 276,729 shares of the oil and gas producer’s stock valued at $791,000 after purchasing an additional 45,631 shares during the period.

VOC Energy Trust Company Profile

VOC Energy Trust acquires and holds a term net profits interest of the net proceeds from production and sale of the interests in oil and natural gas properties in the states of Kansas and Texas. The company has an 80% term net profits interest of the net proceeds on the underlying properties. As of December 31, 2021, its underlying properties had interests in 452.5 net producing wells and 51,147.2 net acres.