VOC Energy Trust (NYSE:VOC) Shares Pass Above 200 Day Moving Average – Here’s Why

VOC Energy Trust (NYSE:VOC) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $2.88 and traded as high as $3.04. VOC Energy Trust shares last traded at $3.00, with a volume of 89,883 shares trading hands.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on VOC shares. Wall Street Zen upgraded VOC Energy Trust to a “hold” rating in a report on Friday, January 23rd. Weiss Ratings restated a “sell (d)” rating on shares of VOC Energy Trust in a research report on Monday, December 29th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, VOC Energy Trust presently has an average rating of “Sell”.

VOC Energy Trust Price Performance

The business has a 50 day moving average of $2.90 and a 200 day moving average of $2.88. The firm has a market capitalization of $51 million, a price-to-earnings ratio of 5.88 and a beta of 0.35.

VOC Energy Trust (NYSE:VOC) last released its earnings results on Monday, November 10th. The oil and gas producer reported $0.11 earnings per share for the quarter. VOC Energy Trust had a return on equity of 75.96% and a net margin of 87.74%.The firm had revenue of $2.16 million for the quarter.

VOC Energy Trust Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 13th. Investors of record on Friday, January 30th will be issued a dividend of $0.09 per share. The ex-dividend date is Friday, January 30th. This represents a $0.36 dividend on an annualized basis and a yield of 12.0%. VOC Energy Trust’s payout ratio is currently 70.59%.

Institutional Investors Weigh In On VOC Energy Trust

Several hedge funds have recently bought and sold shares of VOC. Janney Montgomery Scott LLC grew its holdings 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 valued at $122,000 after buying an additional 25,792 shares during the period. 180 Wealth Advisors LLC lifted its holdings in 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. Finally, International Assets Investment Management LLC bought a new position in VOC Energy Trust during the fourth quarter worth about $27,000.

About VOC Energy Trust

VOC Energy Trust is a Canada-based unincorporated, open-ended royalty trust focused on upstream oil and gas interests. Headquartered in Calgary, Alberta, the trust holds non-operated royalty and net profit interests in conventional petroleum and natural gas properties. VOC’s structure allows it to collect a percentage of production revenues without directly managing exploration or drilling activities.

The trust’s asset portfolio is concentrated in the Western Canadian Sedimentary Basin, with producing properties across Alberta, Saskatchewan and British Columbia.