VOC Energy Trust (NYSE:VOC) Shares Cross Above Two Hundred Day Moving Average – Here’s What Happened

VOC Energy Trust (NYSE:VOC) shares passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $2.90 and traded as high as $3.05. VOC Energy Trust shares last traded at $3.0390, with a volume of 106,991 shares.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of VOC Energy Trust in a research note on Monday. One research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock has an average rating of “Sell”.

VOC Energy Trust Trading Up 4.4%

The business has a 50-day moving average price of $2.94 and a 200 day moving average price of $2.90. The company has a market cap of $51.66 million, a price-to-earnings ratio of 5.96 and a beta of 0.32.

VOC Energy Trust (NYSE:VOC) last issued its earnings results on Monday, November 10th. The oil and gas producer reported $0.11 earnings per share (EPS) for the quarter. The business had revenue of $2.16 million for 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 disclosed a quarterly dividend, which was paid on Friday, November 14th. Shareholders of record on Thursday, October 30th were issued a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a yield of 14.5%. The ex-dividend date was Thursday, October 30th. VOC Energy Trust’s payout ratio is presently 86.27%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. XTX Topco Ltd acquired a new stake in shares of VOC Energy Trust during the 1st quarter valued at $61,000. Janney Montgomery Scott LLC increased its stake in shares of VOC Energy Trust by 152.2% in the second quarter. Janney Montgomery Scott LLC now owns 42,733 shares of the oil and gas producer’s stock worth $122,000 after acquiring an additional 25,792 shares during the last quarter. Finally, 180 Wealth Advisors LLC raised its holdings in shares of VOC Energy Trust by 19.7% during the second quarter. 180 Wealth Advisors LLC now owns 276,729 shares of the oil and gas producer’s stock worth $791,000 after acquiring an additional 45,631 shares in the last quarter.

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.