VOC Energy Trust (NYSE:VOC) Stock Price Passes Above 200 Day Moving Average – Here’s What Happened

VOC Energy Trust (NYSE:VOC)’s stock price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $2.91 and traded as high as $3.04. VOC Energy Trust shares last traded at $2.97, with a volume of 69,859 shares.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of VOC Energy Trust in a research note on Wednesday, October 8th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, VOC Energy Trust presently has a consensus rating of “Sell”.

VOC Energy Trust Price Performance

The firm has a market capitalization of $48.54 million, a price-to-earnings ratio of 5.60 and a beta of 0.39. The stock has a fifty day moving average of $2.95 and a two-hundred day moving average of $2.91.

VOC Energy Trust (NYSE:VOC) last announced its earnings results on Monday, November 10th. The oil and gas producer reported $0.11 EPS for the quarter. The firm had revenue of $2.16 million for the quarter. VOC Energy Trust had a return on equity of 75.96% and a net margin of 87.74%.

VOC Energy Trust Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, November 14th. Investors of record on Thursday, October 30th were issued a $0.11 dividend. The ex-dividend date was Thursday, October 30th. This represents a $0.44 annualized dividend and a yield of 15.4%. VOC Energy Trust’s dividend payout ratio is presently 86.27%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of VOC. XTX Topco Ltd bought a new stake in shares of VOC Energy Trust in the 1st quarter valued at $61,000. Janney Montgomery Scott LLC lifted its holdings in VOC Energy Trust by 152.2% in the second quarter. Janney Montgomery Scott LLC now owns 42,733 shares of the oil and gas producer’s stock valued at $122,000 after buying an additional 25,792 shares during the period. Finally, 180 Wealth Advisors LLC lifted its holdings in VOC Energy Trust by 19.7% in the second quarter. 180 Wealth Advisors LLC now owns 276,729 shares of the oil and gas producer’s stock valued at $791,000 after buying an additional 45,631 shares during the period.

About VOC Energy Trust

VOC Energy Trust acquires and holds a term net profits interest of the net proceeds from production and sale of the interests in oil and natural gas properties in the states of Kansas and Texas. The company has an 80% term net profits interest of the net proceeds on the underlying properties. As of December 31, 2021, its underlying properties had interests in 452.5 net producing wells and 51,147.2 net acres.