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

StockNews.com lowered shares of VOC Energy Trust (NYSE:VOC) from a buy rating to a hold rating in a report published on Thursday morning.

VOC Energy Trust Price Performance

Shares of VOC opened at $4.68 on Thursday. The firm has a market capitalization of $79.56 million, a price-to-earnings ratio of 6.00 and a beta of 0.87. VOC Energy Trust has a 1-year low of $4.45 and a 1-year high of $7.71. The company has a 50-day moving average of $4.97 and a 200 day moving average of $4.97.

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

VOC Energy Trust Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, November 14th. Stockholders of record on Wednesday, October 30th were given a $0.18 dividend. The ex-dividend date was Wednesday, October 30th. This represents a $0.72 annualized dividend and a dividend yield of 15.38%. VOC Energy Trust’s dividend payout ratio (DPR) is 92.31%.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in VOC Energy Trust stock. Sanctuary Advisors LLC acquired a new position in shares of VOC Energy Trust (NYSE:VOC) in the 2nd quarter, according to its most recent filing with the SEC. The fund acquired 67,139 shares of the oil and gas producer’s stock, valued at approximately $323,000. Sanctuary Advisors LLC owned approximately 0.39% of VOC Energy Trust at the end of the most recent quarter.

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.