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

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

VOC Energy Trust Price Performance

Shares of NYSE VOC opened at $4.65 on Wednesday. The company has a market cap of $79.05 million, a price-to-earnings ratio of 5.96 and a beta of 0.87. The stock’s 50-day moving average is $5.04 and its two-hundred day 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 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 Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, November 14th. Shareholders of record on Wednesday, October 30th were given a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 15.48%. The ex-dividend date was Wednesday, October 30th. VOC Energy Trust’s dividend payout ratio is presently 92.31%.

Institutional Investors Weigh In On VOC Energy Trust

A hedge fund recently raised its stake in VOC Energy Trust stock. Sanctuary Advisors LLC raised its holdings in VOC Energy Trust (NYSE:VOC) by 29.8% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 87,140 shares of the oil and gas producer’s stock after buying an additional 20,001 shares during the period. Sanctuary Advisors LLC owned about 0.51% of VOC Energy Trust worth $436,000 as of its most recent SEC filing.

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.