VOC Energy Trust (NYSE:VOC) Shares Pass Above Two Hundred Day Moving Average of $6.98

Shares of VOC Energy Trust (NYSE:VOCGet Rating) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $6.98 and traded as high as $7.13. VOC Energy Trust shares last traded at $7.06, with a volume of 90,238 shares.

Analyst Ratings Changes

Separately, StockNews.com downgraded VOC Energy Trust from a “buy” rating to a “hold” rating in a research note on Thursday, July 14th.

VOC Energy Trust Price Performance

The company has a 50-day moving average price of $7.20 and a 200 day moving average price of $6.98.

VOC Energy Trust (NYSE:VOCGet Rating) last posted its earnings results on Tuesday, May 10th. The oil and gas producer reported $0.25 earnings per share for the quarter. The company had revenue of $4.71 million during the quarter. VOC Energy Trust had a return on equity of 75.78% and a net margin of 92.21%.

VOC Energy Trust Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 12th. Stockholders of record on Monday, August 1st will be given a dividend of $0.38 per share. This is a boost from VOC Energy Trust’s previous quarterly dividend of $0.28. This represents a $1.52 annualized dividend and a dividend yield of 21.53%. The ex-dividend date of this dividend is Friday, July 29th.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in VOC. Atria Wealth Solutions Inc. purchased a new position in shares of VOC Energy Trust during the first quarter valued at approximately $752,000. Navellier & Associates Inc. purchased a new position in VOC Energy Trust during the first quarter worth approximately $582,000. Shoker Investment Counsel Inc. raised its stake in VOC Energy Trust by 9.5% during the fourth quarter. Shoker Investment Counsel Inc. now owns 71,090 shares of the oil and gas producer’s stock worth $330,000 after purchasing an additional 6,194 shares during the period. AE Wealth Management LLC purchased a new position in VOC Energy Trust during the second quarter worth approximately $374,000. Finally, Northern Trust Corp raised its stake in VOC Energy Trust by 7.4% during the first quarter. Northern Trust Corp now owns 20,791 shares of the oil and gas producer’s stock worth $142,000 after purchasing an additional 1,437 shares during the period. 4.56% of the stock is currently owned by institutional investors and hedge funds.

VOC Energy Trust Company Profile

(Get Rating)

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.

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