VOC Energy Trust (NYSE:VOC) Stock Passes Above Two Hundred Day Moving Average – Should You Sell?

VOC Energy Trust (NYSE:VOC) shares crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $2.93 and traded as high as $3.00. VOC Energy Trust shares last traded at $2.98, with a volume of 42,189 shares traded.

VOC Energy Trust Stock Performance

The stock has a market capitalization of $50.66 million, a price-to-earnings ratio of 5.14 and a beta of 0.32. The company has a fifty day simple moving average of $2.82 and a 200 day simple moving average of $2.93.

VOC Energy Trust (NYSE:VOC) last announced its earnings results on Tuesday, August 12th. The oil and gas producer reported $0.13 EPS for the quarter. The firm had revenue of $2.48 million for the quarter. VOC Energy Trust had a return on equity of 83.54% and a net margin of 88.65%.

VOC Energy Trust Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, August 14th. Shareholders of record on Wednesday, July 30th were issued a dividend of $0.11 per share. The ex-dividend date of this dividend was Wednesday, July 30th. This represents a $0.44 annualized dividend and a yield of 14.8%. VOC Energy Trust’s payout ratio is presently 75.86%.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the business. 180 Wealth Advisors LLC raised its position in shares of VOC Energy Trust by 19.7% in the 2nd 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. Janney Montgomery Scott LLC raised its position in shares of VOC Energy Trust by 152.2% in the 2nd 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 in the last quarter. Finally, XTX Topco Ltd bought a new position in shares of VOC Energy Trust in the 1st quarter worth about $61,000.

About VOC Energy Trust

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.