VOC Energy Trust (NYSE:VOC) Cut to “Hold” at StockNews.com

StockNews.com cut shares of VOC Energy Trust (NYSE:VOC) from a buy rating to a hold rating in a research report report published on Tuesday.

VOC Energy Trust Stock Up 1.2 %

Shares of VOC opened at $4.91 on Tuesday. VOC Energy Trust has a 52-week low of $4.45 and a 52-week high of $7.90. The company has a 50-day simple moving average of $5.07 and a 200-day simple moving average of $4.99. The company has a market capitalization of $83.47 million, a PE ratio of 6.29 and a beta of 0.87.

VOC Energy Trust (NYSE:VOC) last issued its earnings results on Thursday, November 7th. The oil and gas producer reported $0.18 earnings per share (EPS) for the quarter. VOC Energy Trust had a net margin of 90.84% and a return on equity of 102.62%. The company had revenue of $3.40 million during the quarter.

VOC Energy Trust Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, November 14th. Shareholders of record on Wednesday, October 30th were given a dividend of $0.18 per share. The ex-dividend date was Wednesday, October 30th. This represents a $0.72 dividend on an annualized basis and a yield of 14.66%. VOC Energy Trust’s payout ratio is 92.31%.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in VOC Energy Trust stock. 180 Wealth Advisors LLC increased its stake in shares of VOC Energy Trust (NYSE:VOC) by 225.4% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 165,296 shares of the oil and gas producer’s stock after purchasing an additional 114,496 shares during the quarter. 180 Wealth Advisors LLC’s holdings in VOC Energy Trust were worth $868,000 as of its most recent filing with the Securities and Exchange Commission.

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.