VOC Energy Trust (NYSE:VOC) Short Interest Update

VOC Energy Trust (NYSE:VOC) was the target of a large decrease in short interest in August. As of August 31st, there was short interest totaling 148,296 shares, a decrease of 52.3% from the August 15th total of 310,649 shares. Based on an average daily trading volume, of 69,922 shares, the short-interest ratio is currently 2.1 days. Approximately 0.9% of the company’s shares are sold short.

Institutional Trading of VOC Energy Trust

A hedge fund recently bought a new stake in VOC Energy Trust stock. International Assets Investment Management LLC purchased a new stake in VOC Energy Trust (NYSE:VOC) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 10,000 shares of the oil and gas producer’s stock, valued at approximately $27,000. International Assets Investment Management LLC owned 0.06% of VOC Energy Trust at the end of the most recent reporting period.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of VOC Energy Trust in a research note on Tuesday, July 21st. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, VOC Energy Trust currently has an average rating of “Sell”.

VOC Energy Trust Stock Performance

Shares of VOC opened at $3.36 on Monday. The firm has a market cap of $57.05 million, a P/E ratio of 8.19 and a beta of 0.14. VOC Energy Trust has a twelve month low of $2.63 and a twelve month high of $3.84. The firm’s 50 day moving average price is $3.23 and its two-hundred day moving average price is $3.21.

VOC Energy Trust (NYSE:VOC) last issued its quarterly earnings data 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 company had revenue of $1.70 million during the quarter.

VOC Energy Trust Increases Dividend

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

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.