VOC Energy Trust (NYSE:VOC) Sees Large Growth in Short Interest

VOC Energy Trust (NYSE:VOC) was the target of a significant growth in short interest during the month of July. As of July 15th, there was short interest totaling 42,308 shares, a growth of 79.0% from the June 30th total of 23,639 shares. Approximately 0.2% of the company’s shares are short sold. Based on an average daily volume of 57,849 shares, the days-to-cover ratio is currently 0.7 days.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “sell (d+)” rating on shares of VOC Energy Trust in a research note on Tuesday, July 21st. One research analyst has rated the stock with a Sell rating, According to MarketBeat, the company presently has a consensus rating of “Sell”.

VOC Energy Trust Stock Performance

Shares of NYSE VOC opened at $2.98 on Friday. The stock has a market cap of $50.74 million, a P/E ratio of 6.78 and a beta of 0.13. The firm has a 50 day moving average price of $3.00 and a 200 day moving average price of $3.15. VOC Energy Trust has a 52-week low of $2.60 and a 52-week high of $3.84.

VOC Energy Trust (NYSE:VOC) last issued its earnings results on Wednesday, May 13th. The oil and gas producer reported $0.09 EPS for the quarter. The firm had revenue of $1.59 million during the quarter. VOC Energy Trust had a net margin of 90.03% and a return on equity of 71.27%.

VOC Energy Trust Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 14th. Investors of record on Thursday, July 30th will be given a $0.28 dividend. The ex-dividend date is Thursday, July 30th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 37.5%. This is an increase from VOC Energy Trust’s previous quarterly dividend of $0.10. VOC Energy Trust’s dividend payout ratio is currently 254.55%.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in VOC Energy Trust stock. International Assets Investment Management LLC purchased a new position in shares of VOC Energy Trust (NYSE:VOC) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 10,000 shares of the oil and gas producer’s stock, valued at approximately $27,000. International Assets Investment Management LLC owned 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.