VOC Energy Trust (NYSE:VOC) Share Price Passes Above 200 Day Moving Average – Time to Sell?

Shares of VOC Energy Trust (NYSE:VOC) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $3.21 and traded as high as $3.38. VOC Energy Trust shares last traded at $3.3560, with a volume of 33,488 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of VOC Energy Trust in a research note on Tuesday, July 21st. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, VOC Energy Trust has a consensus rating of “Sell”.

VOC Energy Trust Trading Up 0.5%

The business’s fifty day simple moving average is $3.23 and its 200-day simple moving average is $3.21. The firm has a market cap of $57.05 million, a P/E ratio of 8.19 and a beta of 0.14.

VOC Energy Trust (NYSE:VOC) last posted its earnings results on Monday, August 10th. The oil and gas producer reported $0.10 earnings per share for the quarter. The company had revenue of $1.70 million during the quarter. VOC Energy Trust had a net margin of 91.51% and a return on equity of 68.92%.

VOC Energy Trust Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 14th. Shareholders of record on Thursday, July 30th were given a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a yield of 33.4%. The ex-dividend date of this dividend was Thursday, July 30th. This is a positive change from VOC Energy Trust’s previous quarterly dividend of $0.10. VOC Energy Trust’s dividend payout ratio is currently 273.17%.

Institutional Investors Weigh In On VOC Energy Trust

A hedge fund recently bought a new stake in VOC Energy Trust stock. International Assets Investment Management LLC purchased a new position in VOC Energy Trust (NYSE:VOC) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 10,000 shares of the oil and gas producer’s stock, valued at approximately $27,000. International Assets Investment Management LLC owned approximately 0.06% of VOC Energy Trust at the end of the most recent reporting period.

VOC Energy Trust Company Profile

VOC Energy Trust is a Canada-based unincorporated, open-ended royalty trust focused on upstream oil and gas interests. Headquartered in Calgary, Alberta, the trust holds non-operated royalty and net profit interests in conventional petroleum and natural gas properties. VOC’s structure allows it to collect a percentage of production revenues without directly managing exploration or drilling activities.

The trust’s asset portfolio is concentrated in the Western Canadian Sedimentary Basin, with producing properties across Alberta, Saskatchewan and British Columbia.