VOC Energy Trust (NYSE:VOC) Share Price Passes Above 200 Day Moving Average – Here’s What Happened

VOC Energy Trust (NYSE:VOC) shares crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $3.15 and traded as high as $3.44. VOC Energy Trust shares last traded at $3.40, with a volume of 263,984 shares.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “sell (d+)” rating on shares of VOC Energy Trust in a report on Tuesday, July 21st. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company currently has a consensus rating of “Sell”.

VOC Energy Trust Trading Down 11.8%

The business’s fifty day simple moving average is $3.01 and its 200-day simple moving average is $3.15. The firm has a market cap of $49.76 million, a P/E ratio of 6.65 and a beta of 0.13.

VOC Energy Trust (NYSE:VOC) last announced its earnings results on Wednesday, May 13th. The oil and gas producer reported $0.09 EPS for the quarter. The company had revenue of $1.59 million during the quarter. VOC Energy Trust had a return on equity of 71.27% and a net margin of 90.03%.

VOC Energy Trust Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 14th. Shareholders of record on Thursday, July 30th will be issued a $0.28 dividend. This is a boost from VOC Energy Trust’s previous quarterly dividend of $0.10. The ex-dividend date is Thursday, July 30th. This represents a $1.12 annualized dividend and a yield of 38.3%. VOC Energy Trust’s dividend payout ratio (DPR) is currently 86.36%.

Institutional Investors Weigh In On VOC Energy Trust

An institutional investor recently bought a new position in VOC Energy Trust stock. International Assets Investment Management LLC purchased a new stake in shares of VOC Energy Trust (NYSE:VOC) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 10,000 shares of the oil and gas producer’s stock, valued at approximately $27,000. International Assets Investment Management LLC owned 0.06% of VOC Energy Trust at the end of the most recent reporting period.

VOC Energy Trust Company Profile

VOC Energy Trust is a Canada-based unincorporated, open-ended royalty trust focused on upstream oil and gas interests. Headquartered in Calgary, Alberta, the trust holds non-operated royalty and net profit interests in conventional petroleum and natural gas properties. VOC’s structure allows it to collect a percentage of production revenues without directly managing exploration or drilling activities.

The trust’s asset portfolio is concentrated in the Western Canadian Sedimentary Basin, with producing properties across Alberta, Saskatchewan and British Columbia.