Short Interest in VOC Energy Trust (NYSE:VOC) Decreases By 49.4%

VOC Energy Trust (NYSE:VOC) saw a significant decrease in short interest in February. As of February 28th, there was short interest totalling 16,300 shares, a decrease of 49.4% from the February 13th total of 32,200 shares. Based on an average daily trading volume, of 74,400 shares, the short-interest ratio is currently 0.2 days. Currently, 0.2% of the shares of the stock are sold short.

VOC Energy Trust Trading Down 0.3 %

VOC stock traded down $0.01 during mid-day trading on Friday, reaching $3.16. 34,917 shares of the stock traded hands, compared to its average volume of 67,109. VOC Energy Trust has a 52-week low of $2.85 and a 52-week high of $7.10. The stock’s fifty day moving average is $3.93 and its 200-day moving average is $4.60. The company has a market cap of $53.75 million, a P/E ratio of 4.05 and a beta of 0.82.

VOC Energy Trust Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, February 13th. Shareholders of record on Thursday, January 30th were paid a dividend of $0.085 per share. This represents a $0.34 annualized dividend and a yield of 10.75%. The ex-dividend date of this dividend was Thursday, January 30th. VOC Energy Trust’s dividend payout ratio (DPR) is currently 43.59%.

Institutional Trading of VOC Energy Trust

Several hedge funds and other institutional investors have recently modified their holdings of VOC. Two Sigma Securities LLC acquired a new position in VOC Energy Trust during the fourth quarter valued at $66,000. 180 Wealth Advisors LLC increased its holdings in shares of VOC Energy Trust by 10.5% in the 4th quarter. 180 Wealth Advisors LLC now owns 204,339 shares of the oil and gas producer’s stock valued at $977,000 after purchasing an additional 19,439 shares during the period. Finally, Sanctuary Advisors LLC lifted its position in shares of VOC Energy Trust by 29.8% in the third quarter. Sanctuary Advisors LLC now owns 87,140 shares of the oil and gas producer’s stock worth $436,000 after purchasing an additional 20,001 shares in the last quarter.

Analysts Set New Price Targets

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

About VOC Energy Trust

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.