VOC Energy Trust (NYSE:VOC) Share Price Passes Above Two Hundred Day Moving Average - Here's What Happened

Key Points

• VOC Energy Trust shares moved above their 200-day moving average, reaching $3.36 before last trading at $3.24, compared with a 200-day average of $3.18.
• Analyst sentiment remains negative: Weiss Ratings reiterated a “sell (d+)” rating, and the stock has an average rating of “Sell” from one covering analyst.
• The trust increased its quarterly dividend to $0.28 per share, implying a $1.12 annualized payout and a 34.6% yield; however, its 273.17% payout ratio substantially exceeds reported earnings.

VOC Energy Trust (NYSE:VOC - Get Free Report) shares passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $3.18 and traded as high as $3.36. VOC Energy Trust shares last traded at $3.24, with a volume of 52,108 shares traded.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a "sell (d+)" rating on shares of VOC Energy Trust in a research report on Tuesday, July 21st. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, VOC Energy Trust currently has an average rating of "Sell".

VOC Energy Trust Trading Down 3.9%

The company's fifty day moving average price is $3.09 and its two-hundred day moving average price is $3.18. The firm has a market cap of $55.08 million, a P/E ratio of 7.90 and a beta of 0.12.

VOC Energy Trust (NYSE:VOC - Get Free Report) last announced its earnings results on Monday, August 10th. The oil and gas producer reported $0.10 earnings per share (EPS) for the quarter. VOC Energy Trust had a net margin of 91.51% and a return on equity of 68.92%. The business had revenue of $1.70 million during the quarter.

VOC Energy Trust Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 14th. Stockholders of record on Thursday, July 30th were issued a dividend of $0.28 per share. The ex-dividend date of this dividend was Thursday, July 30th. This is a positive change from VOC Energy Trust's previous quarterly dividend of $0.10. This represents a $1.12 annualized dividend and a dividend yield of 34.6%. VOC Energy Trust's dividend payout ratio (DPR) is 273.17%.

Institutional Inflows and Outflows

An institutional investor recently bought a new stake in VOC Energy Trust stock. International Assets Investment Management LLC purchased a new position in shares of VOC Energy Trust (NYSE:VOC - Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 10,000 shares of the oil and gas producer's stock, valued at approximately $27,000. International Assets Investment Management LLC owned about 0.06% of VOC Energy Trust at the end of the most recent reporting period.

VOC Energy Trust Company Profile

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source