VOC Energy Trust (NYSE:VOC) Shares Cross Above Two Hundred Day Moving Average – Here’s Why

VOC Energy Trust (NYSE:VOC)’s stock price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $4.97 and traded as high as $5.00. VOC Energy Trust shares last traded at $4.97, with a volume of 42,325 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered VOC Energy Trust from a “buy” rating to a “hold” rating in a research report on Thursday, December 26th.

VOC Energy Trust Price Performance

The stock has a 50 day moving average price of $4.92 and a two-hundred day moving average price of $4.97. The company has a market capitalization of $84.49 million, a price-to-earnings ratio of 6.37 and a beta of 0.87.

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 for the quarter. VOC Energy Trust had a net margin of 90.84% and a return on equity of 102.62%. The company had revenue of $3.40 million during the quarter.

VOC Energy Trust Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, November 14th. Stockholders of record on Wednesday, October 30th were given a dividend of $0.18 per share. The ex-dividend date of this dividend was Wednesday, October 30th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 14.49%. VOC Energy Trust’s payout ratio is currently 92.31%.

Institutional Trading of VOC Energy Trust

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

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.