VOC Energy Trust (NYSE:VOC – Get Rating) was the recipient of a large drop in short interest during the month of May. As of May 31st, there was short interest totalling 41,100 shares, a drop of 38.5% from the May 15th total of 66,800 shares. Approximately 0.4% of the shares of the company are short sold. Based on an average daily volume of 177,500 shares, the days-to-cover ratio is currently 0.2 days.
Shares of NYSE VOC opened at $8.30 on Monday. The stock has a market capitalization of $141.10 million, a price-to-earnings ratio of 20.75 and a beta of 1.46. VOC Energy Trust has a 12 month low of $3.33 and a 12 month high of $8.86. The firm’s 50 day simple moving average is $7.55 and its 200-day simple moving average is $6.37.
VOC Energy Trust (NYSE:VOC – Get Rating) last issued its quarterly earnings data on Tuesday, May 10th. The oil and gas producer reported $0.25 EPS for the quarter. The business had revenue of $4.71 million for the quarter. VOC Energy Trust had a net margin of 92.21% and a return on equity of 75.78%.
A number of institutional investors have recently added to or reduced their stakes in VOC. Morgan Stanley grew its stake in VOC Energy Trust by 134.2% in the 1st quarter. Morgan Stanley now owns 11,373 shares of the oil and gas producer’s stock valued at $40,000 after acquiring an additional 6,517 shares during the period. Renaissance Technologies LLC lifted its holdings in VOC Energy Trust by 14.9% in the 3rd quarter. Renaissance Technologies LLC now owns 179,207 shares of the oil and gas producer’s stock valued at $823,000 after purchasing an additional 23,207 shares in the last quarter. Beacon Pointe Advisors LLC purchased a new position in VOC Energy Trust in the 3rd quarter valued at $78,000. Shoker Investment Counsel Inc. lifted its holdings in VOC Energy Trust by 9.5% in the 4th quarter. Shoker Investment Counsel Inc. now owns 71,090 shares of the oil and gas producer’s stock valued at $330,000 after purchasing an additional 6,194 shares in the last quarter. Finally, Northern Trust Corp lifted its holdings in VOC Energy Trust by 43.8% in the 4th quarter. Northern Trust Corp now owns 19,354 shares of the oil and gas producer’s stock valued at $91,000 after purchasing an additional 5,894 shares in the last quarter. 4.56% of the stock is currently owned by hedge funds and other institutional investors.
Separately, StockNews.com lowered shares of VOC Energy Trust from a “buy” rating to a “hold” rating in a research report on Tuesday, May 31st.
About VOC Energy Trust (Get Rating)
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.
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