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

Shares of VOC Energy Trust (NYSE:VOC) passed above its 200-day moving average during trading on Monday. The stock has a 200-day moving average of $3.22 and traded as high as $3.45. VOC Energy Trust shares last traded at $3.4350, with a volume of 50,487 shares traded.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued 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, According to data from MarketBeat, the company has an average rating of “Sell”.

VOC Energy Trust Stock Performance

The firm has a fifty day simple moving average of $3.29 and a 200 day simple moving average of $3.21. The company has a market cap of $58.05 million, a PE ratio of 8.33 and a beta of 0.14.

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

VOC Energy Trust Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 14th. Shareholders of record on Thursday, July 30th were paid a dividend of $0.28 per share. This is an increase from VOC Energy Trust’s previous quarterly dividend of $0.0950. This represents a $1.12 dividend on an annualized basis and a yield of 32.8%. The ex-dividend date of this dividend was Thursday, July 30th. VOC Energy Trust’s payout ratio is 273.17%.

About VOC Energy Trust

VOC Energy Trust (NYSE:VOC) is a grantor trust that owns net profits interests in certain oil and natural gas properties. The trust does not operate wells directly; instead, it receives distributions based on the production and profitability of the underlying properties.

The trust’s interests are associated primarily with oil and natural gas properties located in Kansas and Texas. Its assets were contributed by VOC Brazos Energy Partners, L.P., and the properties are operated by third-party exploration and production companies.