VOC Energy Trust (NYSE:VOC) Short Interest Down 21.4% in March

VOC Energy Trust (NYSE:VOC) was the recipient of a significant decline in short interest in March. As of March 31st, there was short interest totaling 44,270 shares, a decline of 21.4% from the March 15th total of 56,358 shares. Currently, 0.3% of the company’s stock are short sold. Based on an average daily volume of 155,303 shares, the short-interest ratio is presently 0.3 days.

Analysts Set New Price Targets

A number of analysts have issued reports on the company. Weiss Ratings reaffirmed a “sell (d)” rating on shares of VOC Energy Trust in a report on Friday, March 27th. Wall Street Zen raised 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.com, VOC Energy Trust presently has an average rating of “Sell”.

VOC Energy Trust Stock Down 2.4%

NYSE:VOC traded down $0.08 during trading hours on Friday, reaching $3.29. 112,496 shares of the company’s stock were exchanged, compared to its average volume of 115,627. VOC Energy Trust has a 1-year low of $2.60 and a 1-year high of $3.84. The firm has a market capitalization of $55.90 million, a price-to-earnings ratio of 7.47 and a beta of 0.23. The company has a 50-day moving average of $3.33 and a 200 day moving average of $3.06.

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

VOC Energy Trust Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 13th. Shareholders of record on Friday, January 30th were paid a dividend of $0.09 per share. The ex-dividend date of this dividend was Friday, January 30th. This represents a $0.36 annualized dividend and a yield of 10.9%. VOC Energy Trust’s dividend payout ratio is currently 81.82%.

Institutional Trading of VOC Energy Trust

A hedge fund recently bought a new stake in VOC Energy Trust stock. International Assets Investment Management LLC bought a new stake in VOC Energy Trust (NYSE:VOC) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund 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 as of its most recent SEC filing.

About VOC Energy Trust

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.