VOC Energy Trust (NYSE:VOC) Shares Cross Above 200-Day Moving Average – Here’s What Happened

VOC Energy Trust (NYSE:VOC)’s share price crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $3.10 and traded as high as $3.17. VOC Energy Trust shares last traded at $3.13, with a volume of 146,888 shares changing hands.

Analyst Ratings Changes

VOC has been the topic of a number of recent analyst reports. Weiss Ratings upgraded shares of VOC Energy Trust from a “sell (d)” rating to a “sell (d+)” rating in a research report on Friday, April 24th. Wall Street Zen raised shares of VOC Energy Trust to a “hold” rating in a research report on Friday, January 23rd. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock presently has a consensus rating of “Sell”.

VOC Energy Trust Stock Up 0.6%

The stock has a market capitalization of $53.21 million, a PE ratio of 7.11 and a beta of 0.19. The stock’s 50-day moving average is $3.41 and its 200 day moving average is $3.10.

VOC Energy Trust (NYSE:VOC) last posted its earnings results on Tuesday, March 24th. The oil and gas producer reported $0.11 EPS for the quarter. The company had revenue of $2.08 million during the quarter. VOC Energy Trust had a net margin of 85.78% and a return on equity of 67.64%.

VOC Energy Trust Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 15th. Stockholders of record on Thursday, April 30th will be paid a $0.095 dividend. The ex-dividend date is Thursday, April 30th. This is a positive change from VOC Energy Trust’s previous quarterly dividend of $0.09. This represents a $0.38 dividend on an annualized basis and a dividend yield of 12.1%. VOC Energy Trust’s dividend payout ratio is presently 86.36%.

Institutional Trading of VOC Energy Trust

An institutional investor recently bought a new position in VOC Energy Trust stock. International Assets Investment Management LLC bought a new stake in shares of VOC Energy Trust (NYSE:VOC) in the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 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.