Insider Buying: VOC Energy Trust (NYSE:VOC) Insider Acquires $25,015.81 in Stock

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VOC Energy Trust (NYSE:VOC) insider Fahey Julie acquired 7,510 shares of the stock in a transaction on Thursday, November 7th. The stock was acquired at an average cost of $3.33 per share, for a total transaction of $25,015.81.

Shares of VOC opened at $5.02 on Thursday. VOC Energy Trust has a twelve month low of $3.32 and a twelve month high of $6.86. The stock’s 50 day moving average is $5.04 and its two-hundred day moving average is $5.18. The firm has a market capitalization of $83.81 million, a PE ratio of 6.51 and a beta of 1.89.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, November 14th. Shareholders of record on Wednesday, October 30th will be issued a $0.185 dividend. This represents a $0.74 dividend on an annualized basis and a yield of 14.76%. The ex-dividend date of this dividend is Tuesday, October 29th.

Large investors have recently made changes to their positions in the company. Creative Planning grew its holdings in VOC Energy Trust by 3.8% during the 3rd quarter. Creative Planning now owns 101,968 shares of the oil and gas producer’s stock valued at $539,000 after buying an additional 3,716 shares during the last quarter. Shoker Investment Counsel Inc. grew its holdings in VOC Energy Trust by 4.0% during the 3rd quarter. Shoker Investment Counsel Inc. now owns 67,535 shares of the oil and gas producer’s stock valued at $357,000 after buying an additional 2,620 shares during the last quarter. National Asset Management Inc. acquired a new stake in VOC Energy Trust during the 2nd quarter valued at $286,000. BlackRock Inc. acquired a new stake in VOC Energy Trust during the 2nd quarter valued at $166,000. Finally, Ladenburg Thalmann Financial Services Inc. grew its holdings in VOC Energy Trust by 81.4% during the 2nd quarter. Ladenburg Thalmann Financial Services Inc. now owns 22,283 shares of the oil and gas producer’s stock valued at $113,000 after buying an additional 10,000 shares during the last quarter. 16.04% of the stock is currently owned by institutional investors and hedge funds.

Separately, ValuEngine lowered VOC Energy Trust from a “sell” rating to a “strong sell” rating in a report on Tuesday, October 29th.

VOC Energy Trust Company Profile

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 a 80% term net profits interest of the net proceeds on the underlying properties. As of December 31, 2017, its underlying properties had interests in 492.5 net producing wells and 55,736.9 net acres; and had proved reserves of approximately 3.4 million barrels of oil equivalent (MMBoe) attributable to the portion of the Kansas underlying properties, and approximately 4.6 MMBoe attributable to the Texas underlying properties.

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