Short Interest in VOC Energy Trust (NYSE:VOC) Decreases By 47.1%
by Kim Johansen · The Markets DailyVOC Energy Trust (NYSE:VOC – Get Free Report) was the target of a significant decline in short interest in June. As of June 15th, there was short interest totaling 7,580 shares, a decline of 47.1% from the May 31st total of 14,332 shares. Based on an average trading volume of 64,928 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.0% of the company’s stock are sold short.
VOC Energy Trust Price Performance
NYSE:VOC traded down $0.03 during mid-day trading on Wednesday, reaching $2.85. The stock had a trading volume of 74,073 shares, compared to its average volume of 61,158. The company has a market capitalization of $48.53 million, a price-to-earnings ratio of 6.49 and a beta of 0.13. VOC Energy Trust has a 1-year low of $2.60 and a 1-year high of $3.84. The stock’s 50 day simple moving average is $3.05 and its two-hundred day simple moving average is $3.10.
VOC Energy Trust (NYSE:VOC – Get Free Report) last announced its quarterly earnings data on Wednesday, May 13th. The oil and gas producer reported $0.09 earnings per share (EPS) for the quarter. VOC Energy Trust had a return on equity of 71.27% and a net margin of 90.03%.The firm had revenue of $1.59 million for the quarter.
VOC Energy Trust Increases Dividend
The company also recently declared a quarterly dividend, which was paid on Friday, May 15th. Investors of record on Thursday, April 30th were given a dividend of $0.095 per share. The ex-dividend date of this dividend was Thursday, April 30th. This represents a $0.38 annualized dividend and a dividend yield of 13.3%. This is an increase from VOC Energy Trust’s previous quarterly dividend of $0.09. VOC Energy Trust’s dividend payout ratio is currently 86.36%.
Analysts Set New Price Targets
Separately, Weiss Ratings upgraded VOC Energy Trust from a “sell (d)” rating to a “sell (d+)” rating in a report on Friday, April 24th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, VOC Energy Trust presently has a consensus rating of “Sell”.
Check Out Our Latest Stock Analysis on VOC Energy Trust
Hedge Funds Weigh In On VOC Energy Trust
A hedge fund recently bought a new position in VOC Energy Trust stock. International Assets Investment Management LLC bought a new stake in shares of VOC Energy Trust (NYSE:VOC – Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 10,000 shares of the oil and gas producer’s stock, valued at approximately $27,000. International Assets Investment Management LLC owned about 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.