VOC Energy Trust (NYSE:VOC) Sees Significant Drop in Short Interest

VOC Energy Trust (NYSE:VOCGet Free Report) saw a large decline in short interest in June. As of June 15th, there was short interest totaling 7,580 shares, a decline of 47.1% from the May 31st total of 14,332 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 64,928 shares, the days-to-cover ratio is presently 0.1 days.

VOC Energy Trust Price Performance

Shares of VOC Energy Trust stock remained flat at $2.88 on Thursday. The stock had a trading volume of 15,915 shares, compared to its average volume of 109,633. The company has a fifty day moving average of $3.05 and a 200 day moving average of $3.10. The stock has a market capitalization of $48.96 million, a price-to-earnings ratio of 6.55 and a beta of 0.13. VOC Energy Trust has a one year low of $2.60 and a one year high of $3.84.

VOC Energy Trust (NYSE:VOCGet Free Report) last issued its quarterly earnings results on Wednesday, May 13th. The oil and gas producer reported $0.09 EPS for the quarter. The company had revenue of $1.59 million for the quarter. VOC Energy Trust had a net margin of 90.03% and a return on equity of 71.27%.

VOC Energy Trust Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 15th. Stockholders of record on Thursday, April 30th were given a dividend of $0.095 per share. This represents a $0.38 dividend on an annualized basis and a dividend yield of 13.2%. This is a positive change from VOC Energy Trust’s previous quarterly dividend of $0.09. The ex-dividend date was Thursday, April 30th. VOC Energy Trust’s dividend payout ratio is 86.36%.

Institutional Inflows and Outflows

An institutional investor recently bought a new stake in VOC Energy Trust stock. International Assets Investment Management LLC acquired a new position in shares of VOC Energy Trust (NYSE:VOCFree Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 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.

Analysts Set New Price Targets

Separately, Weiss Ratings raised shares of VOC Energy Trust from a “sell (d)” rating to a “sell (d+)” rating in a research note on Friday, April 24th. One research analyst has rated the stock with a Sell rating, According to MarketBeat, the company has a consensus rating of “Sell”.

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VOC Energy Trust Company Profile

(Get Free Report)

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.

Further Reading

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