VOC Energy Trust (NYSE:VOC) Upgraded to Buy at StockNews.com

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

VOC Energy Trust Stock Performance

VOC Energy Trust stock opened at $4.65 on Wednesday. The company has a market capitalization of $79.05 million, a price-to-earnings ratio of 5.96 and a beta of 0.87. The company’s 50 day simple moving average is $5.04 and its 200-day simple moving average is $4.98. VOC Energy Trust has a 1 year low of $4.45 and a 1 year high of $7.71.

VOC Energy Trust (NYSE:VOC) last announced 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 return on equity of 102.62% and a net margin of 90.84%. The company had revenue of $3.40 million for the quarter.

VOC Energy Trust Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, November 14th. Investors of record on Wednesday, October 30th were issued a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 15.48%. The ex-dividend date of this dividend was Wednesday, October 30th. VOC Energy Trust’s dividend payout ratio (DPR) is 92.31%.

Institutional Trading of VOC Energy Trust

A hedge fund recently bought a new stake in VOC Energy Trust stock. Sanctuary Advisors LLC acquired a new stake in VOC Energy Trust (NYSE:VOC) in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. 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 as of its most recent filing with the Securities & 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.