VOC Energy Trust (NYSE:VOC) Stock Rating Lowered by StockNews.com

StockNews.com cut shares of VOC Energy Trust (NYSE:VOC) from a buy rating to a hold rating in a research report sent to investors on Thursday.

VOC Energy Trust Price Performance

Shares of NYSE VOC opened at $4.74 on Thursday. The company has a 50-day simple moving average of $4.98 and a 200-day simple moving average of $4.97. The company has a market cap of $80.58 million, a PE ratio of 6.08 and a beta of 0.87. VOC Energy Trust has a 12 month low of $4.45 and a 12 month high of $7.71.

VOC Energy Trust (NYSE:VOC) last released its earnings results on Thursday, November 7th. The oil and gas producer reported $0.18 EPS for the quarter. The firm had revenue of $3.40 million during the quarter. VOC Energy Trust had a net margin of 90.84% and a return on equity of 102.62%.

VOC Energy Trust Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, November 14th. Investors of record on Wednesday, October 30th were given a dividend of $0.18 per share. The ex-dividend date of this dividend was Wednesday, October 30th. This represents a $0.72 annualized dividend and a yield of 15.19%. VOC Energy Trust’s dividend payout ratio (DPR) is presently 92.31%.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in VOC Energy Trust stock. Sanctuary Advisors LLC raised its stake in shares of VOC Energy Trust (NYSE:VOC) by 29.8% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 87,140 shares of the oil and gas producer’s stock after purchasing an additional 20,001 shares during the period. Sanctuary Advisors LLC owned 0.51% of VOC Energy Trust worth $436,000 at the end of the most recent reporting period.

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.