VOC Energy Trust (VOC) Stock Rating Lowered by ValuEngine

ValuEngine downgraded shares of VOC Energy Trust (NYSE:VOC) from a hold rating to a sell rating in a report issued on Wednesday morning, ValuEngine reports.

Shares of VOC stock traded down $0.01 during trading hours on Wednesday, hitting $5.46. 17,553 shares of the company’s stock were exchanged, compared to its average volume of 64,408. VOC Energy Trust has a 12-month low of $3.32 and a 12-month high of $6.86.

VOC Energy Trust (NYSE:VOC) last issued its earnings results on Tuesday, March 12th. The oil and gas producer reported $0.22 EPS for the quarter. VOC Energy Trust had a net margin of 93.68% and a return on equity of 17.87%. The company had revenue of $3.95 million for the quarter.



The firm also recently announced a quarterly dividend, which was paid on Wednesday, May 15th. Shareholders of record on Tuesday, April 30th were given a $0.16 dividend. This is a positive change from VOC Energy Trust’s previous quarterly dividend of $0.15. The ex-dividend date was Monday, April 29th. This represents a $0.64 dividend on an annualized basis and a yield of 11.71%.

A number of large investors have recently modified their holdings of the business. Ladenburg Thalmann Financial Services Inc. boosted its stake in VOC Energy Trust by 514.2% during the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 12,283 shares of the oil and gas producer’s stock worth $70,000 after acquiring an additional 10,283 shares in the last quarter. Morgan Stanley boosted its position in shares of VOC Energy Trust by 38.1% during the first quarter. Morgan Stanley now owns 14,400 shares of the oil and gas producer’s stock worth $82,000 after purchasing an additional 3,971 shares in the last quarter. Cavalier Investments LLC bought a new position in shares of VOC Energy Trust during the first quarter worth $88,000. Raymond James & Associates boosted its position in shares of VOC Energy Trust by 86.9% during the first quarter. Raymond James & Associates now owns 20,956 shares of the oil and gas producer’s stock worth $119,000 after purchasing an additional 9,743 shares in the last quarter. Finally, Creative Planning boosted its position in shares of VOC Energy Trust by 4.9% during the fourth quarter. Creative Planning now owns 82,965 shares of the oil and gas producer’s stock worth $300,000 after purchasing an additional 3,894 shares in the last quarter.

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 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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