VOC Energy Trust (NYSE:VOC) Stock Passes Above Two Hundred Day Moving Average - Here's Why

Key Points

• VOC Energy Trust's shares recently surpassed their 200-day moving average of $2.92, reaching a high of $3.00 before closing at $2.94 with a trading volume of 183,144 shares.
• Despite strong price performance, Weiss Ratings has issued a "sell (d+)" rating for the stock, indicating bearish sentiment among analysts.
• The company declared a quarterly dividend of $0.11 per share, resulting in an impressive 15.0% yield but a high dividend payout ratio of 75.86%.

VOC Energy Trust (NYSE:VOC - Get Free Report) shares passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $2.92 and traded as high as $3.00. VOC Energy Trust shares last traded at $2.94, with a volume of 183,144 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a "sell (d+)" rating on shares of VOC Energy Trust in a research note on Wednesday. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, VOC Energy Trust has a consensus rating of "Sell".

VOC Energy Trust Price Performance

The business has a 50-day moving average of $2.80 and a 200-day moving average of $2.92. The firm has a market cap of $49.98 million, a price-to-earnings ratio of 5.07 and a beta of 0.32.

VOC Energy Trust (NYSE:VOC - Get Free Report) last released its earnings results on Tuesday, August 12th. The oil and gas producer reported $0.13 earnings per share (EPS) for the quarter. The business 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 firm also recently declared a quarterly dividend, which was paid on Thursday, August 14th. Investors of record on Wednesday, July 30th were issued a dividend of $0.11 per share. The ex-dividend date was Wednesday, July 30th. This represents a $0.44 dividend on an annualized basis and a yield of 15.0%. VOC Energy Trust's dividend payout ratio (DPR) is presently 75.86%.

Institutional Investors Weigh In On VOC Energy Trust

A number of institutional investors have recently made changes to their positions in VOC. Janney Montgomery Scott LLC bought a new stake in shares of VOC Energy Trust during the first quarter worth approximately $53,000. XTX Topco Ltd bought a new stake in shares of VOC Energy Trust during the first quarter worth $61,000. Finally, 180 Wealth Advisors LLC grew its stake in shares of 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 buying an additional 45,631 shares during the last quarter.

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.

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