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

StockNews.com upgraded shares of VOC Energy Trust (NYSE:VOC) from a hold rating to a buy rating in a research note issued to investors on Monday.

VOC Energy Trust Stock Performance

Shares of VOC stock opened at $5.00 on Monday. The firm’s 50-day moving average is $5.08 and its 200-day moving average is $5.03. The stock has a market cap of $85 million, a price-to-earnings ratio of 6.41 and a beta of 0.88. VOC Energy Trust has a 52-week low of $4.45 and a 52-week high of $8.03.

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

VOC Energy Trust Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, November 14th. Shareholders of record on Wednesday, October 30th were issued a $0.18 dividend. The ex-dividend date of this dividend was Wednesday, October 30th. This represents a $0.72 annualized dividend and a yield of 14.40%. VOC Energy Trust’s dividend payout ratio is currently 92.31%.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in VOC Energy Trust stock. Sanctuary Advisors LLC bought a new position in shares of VOC Energy Trust (NYSE:VOC) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 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 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.