VOC Energy Trust (NYSE:VOC) Stock Crosses Above 200-Day Moving Average of $8.26

VOC Energy Trust (NYSE:VOC) shares passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $8.26 and traded as high as $8.63. VOC Energy Trust shares last traded at $8.52, with a volume of 52,008 shares changing hands.

Analyst Upgrades and Downgrades

Separately, StockNews.com assumed coverage on VOC Energy Trust in a report on Thursday, August 17th. They issued a “hold” rating on the stock.

VOC Energy Trust Price Performance

The business has a fifty day moving average of $8.44 and a 200 day moving average of $8.26.

VOC Energy Trust (NYSE:VOC) last released its quarterly earnings data on Thursday, August 10th. The oil and gas producer reported $0.23 EPS for the quarter. VOC Energy Trust had a return on equity of 138.79% and a net margin of 92.07%. The firm had revenue of $4.22 million for the quarter.

VOC Energy Trust Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, August 14th. Shareholders of record on Monday, July 31st were paid a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 9.86%. The ex-dividend date of this dividend was Friday, July 28th.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in VOC. Northern Trust Corp lifted its stake in VOC Energy Trust by 7.4% during the first quarter. Northern Trust Corp now owns 20,791 shares of the oil and gas producer’s stock worth $142,000 after purchasing an additional 1,437 shares in the last quarter. Atria Wealth Solutions Inc. acquired a new position in VOC Energy Trust during the first quarter worth $752,000. Wexford Capital LP acquired a new position in VOC Energy Trust during the second quarter worth $513,000. Janney Montgomery Scott LLC lifted its stake in VOC Energy Trust by 22.9% during the fourth quarter. Janney Montgomery Scott LLC now owns 21,954 shares of the oil and gas producer’s stock worth $228,000 after purchasing an additional 4,090 shares in the last quarter. Finally, Los Angeles Capital Management LLC acquired a new position in VOC Energy Trust during the fourth quarter worth $118,000.

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.