VOC Energy Trust (NYSE:VOC – Get Free Report) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $3.16 and traded as high as $3.34. VOC Energy Trust shares last traded at $3.29, with a volume of 66,018 shares trading hands.
Wall Street Analysts Forecast Growth
Separately, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of VOC Energy Trust in a research report on Tuesday, July 21st. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, VOC Energy Trust has a consensus rating of “Sell”.
Read Our Latest Analysis on VOC Energy Trust
VOC Energy Trust Stock Up 0.3%
VOC Energy Trust (NYSE:VOC – Get Free Report) last released its quarterly earnings results on Monday, August 10th. The oil and gas producer reported $0.10 earnings per share for the quarter. VOC Energy Trust had a net margin of 91.51% and a return on equity of 68.92%. The business had revenue of $1.70 million for the quarter.
VOC Energy Trust Increases Dividend
The firm also recently announced a quarterly dividend, which was paid on Friday, August 14th. Shareholders of record on Thursday, July 30th were given a dividend of $0.28 per share. The ex-dividend date of this dividend was Thursday, July 30th. This is a positive change from VOC Energy Trust’s previous quarterly dividend of $0.10. This represents a $1.12 annualized dividend and a yield of 33.0%. VOC Energy Trust’s dividend payout ratio (DPR) is currently 273.17%.
Institutional Trading of VOC Energy Trust
An institutional investor recently bought a new stake in VOC Energy Trust stock. International Assets Investment Management LLC purchased a new position in shares of VOC Energy Trust (NYSE:VOC – Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 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 filing with the SEC.
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.
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