VOC Energy Trust (NYSE:VOC) Downgraded by StockNews.com to “Hold”

StockNews.com lowered shares of VOC Energy Trust (NYSE:VOC) from a buy rating to a hold rating in a research note released on Thursday.

VOC Energy Trust Stock Performance

Shares of VOC opened at $4.74 on Thursday. The stock’s 50 day moving average is $4.98 and its two-hundred day moving average is $4.97. VOC Energy Trust has a twelve month low of $4.45 and a twelve month high of $7.71. The firm has a market capitalization of $80.58 million, a PE ratio of 6.08 and a beta of 0.87.

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

VOC Energy Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 14th. Investors of record on Wednesday, October 30th were paid a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 15.19%. The ex-dividend date was Wednesday, October 30th. VOC Energy Trust’s dividend payout ratio (DPR) is 92.31%.

Institutional Investors Weigh In On VOC Energy Trust

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