VOC Energy Trust (NYSE:VOC) Shares Pass Above 200 Day Moving Average - Time to Sell?

Key Points

• VOC Energy Trust shares crossed above their 200-day moving average, reaching $3.38 before closing around $3.356, compared with the $3.21 average.
• Despite the technical move, the analyst outlook remains negative: Weiss Ratings reiterated a “sell (d+)” rating, and the consensus rating is “Sell.”
• The trust increased its quarterly dividend to $0.28, implying an annualized payout of $1.12 and a yield of approximately 33.4%; however, its dividend payout ratio is elevated at 273.17%.

VOC Energy Trust (NYSE:VOC - Get Free Report)'s stock price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $3.21 and traded as high as $3.38. VOC Energy Trust shares last traded at $3.3560, with a volume of 33,488 shares trading hands.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a "sell (d+)" rating on shares of VOC Energy Trust in a report on Tuesday, July 21st. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company presently has a consensus rating of "Sell".

VOC Energy Trust Trading Up 0.5%

The firm has a market capitalization of $57.05 million, a P/E ratio of 8.19 and a beta of 0.14. The business's 50 day simple moving average is $3.23 and its two-hundred day simple moving average is $3.21.

VOC Energy Trust (NYSE:VOC - Get Free Report) last issued 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 firm had revenue of $1.70 million for the quarter.

VOC Energy Trust Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 14th. Investors of record on Thursday, July 30th were issued a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a yield of 33.4%. The ex-dividend date was Thursday, July 30th. This is an increase from VOC Energy Trust's previous quarterly dividend of $0.10. VOC Energy Trust's dividend payout ratio (DPR) is presently 273.17%.

Institutional Trading of VOC Energy Trust

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

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.