VOC Energy Trust (NYSE:VOC) Stock Rating Raised to Buy at Wall Street Zen

Wall Street Zen upgraded shares of VOC Energy Trust (NYSE:VOC) from a hold rating to a buy rating in a report released on Saturday,Wall Street Zen reports.

Separately, Weiss Ratings reiterated a “sell (d+)” rating on shares of VOC Energy Trust in a report on Monday, October 19th. One investment analyst has rated the stock with a Sell rating. According to MarketBeat.com, the stock presently has a consensus rating of “Sell”.

VOC Energy Trust Trading Down 1.3%

VOC Energy Trust stock traded down $0.04 on Friday, hitting $3.15. 142,117 shares of the stock traded hands, compared to its average volume of 148,838. VOC Energy Trust has a 1 year low of $2.63 and a 1 year high of $3.84. The firm has a market cap of $53.55 million, a P/E ratio of 7.68 and a beta of 0.15. The business’s fifty day simple moving average is $3.32 and its 200 day simple moving average is $3.22.

VOC Energy Trust Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 13th. Shareholders of record on Friday, October 30th were issued a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 24.1%. The ex-dividend date of this dividend was Friday, October 30th. This is a negative change from VOC Energy Trust’s previous quarterly dividend of $0.28. VOC Energy Trust’s dividend payout ratio is 185.37%.

Institutional Inflows and Outflows

An institutional investor recently bought a new stake in VOC Energy Trust stock. HighTower Advisors LLC bought a new position in VOC Energy Trust (NYSE:VOC) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 33,535 shares of the oil and gas producer’s stock, valued at approximately $114,000. HighTower Advisors LLC owned about 0.20% of VOC Energy Trust as of its most recent filing with the SEC.

VOC Energy Trust Company Profile

VOC Energy Trust is a statutory trust that holds royalty interests in oil and natural gas properties. Its income is tied to production from the underlying properties rather than to direct operation of oil and gas assets. The trust was established in 2010 and holds net profits interests in producing and proved developed properties in Kansas and Texas. The properties produce crude oil and natural gas and are operated by third parties. VOC Energy Trust does not have the operating structure of a traditional energy company; its role is to hold the interests and distribute proceeds to unitholders in accordance with the trust agreement.