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 report published on Monday.

VOC Energy Trust Trading Up 0.2 %

Shares of VOC opened at $4.93 on Monday. VOC Energy Trust has a twelve month low of $4.45 and a twelve month high of $8.03. The firm’s fifty day simple moving average is $5.08 and its 200-day simple moving average is $5.01. The firm has a market capitalization of $83.81 million, a price-to-earnings ratio of 6.32 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 net margin of 90.84% and a return on equity of 102.62%. The business had revenue of $3.40 million for the quarter.

VOC Energy Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, November 14th. Stockholders of record on Wednesday, October 30th were issued a $0.18 dividend. The ex-dividend date was Wednesday, October 30th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 14.60%. VOC Energy Trust’s payout ratio is 92.31%.

Institutional Investors Weigh In On VOC Energy Trust

An institutional investor recently raised its position in VOC Energy Trust stock. 180 Wealth Advisors LLC increased its stake in shares of VOC Energy Trust (NYSE:VOC) by 225.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 165,296 shares of the oil and gas producer’s stock after acquiring an additional 114,496 shares during the quarter. 180 Wealth Advisors LLC’s holdings in VOC Energy Trust were worth $868,000 at the end of the most recent quarter.

VOC Energy Trust Company Profile

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.