Pacific Coast Oil Trust (NYSE:ROYT) Short Interest Down 15.3% in August

Pacific Coast Oil Trust (NYSE:ROYT) was the target of a large decrease in short interest in August. As of August 31st, there was short interest totalling 487,700 shares, a decrease of 15.3% from the July 31st total of 575,500 shares. Based on an average daily volume of 140,100 shares, the days-to-cover ratio is currently 3.5 days. Currently, 1.3% of the company’s stock are sold short.

Shares of Pacific Coast Oil Trust stock remained flat at $$2.01 during trading on Thursday. 110,953 shares of the stock were exchanged, compared to its average volume of 147,098. The firm has a market capitalization of $77.17 million, a P/E ratio of 6.09 and a beta of 1.97. The firm’s fifty day simple moving average is $2.12 and its two-hundred day simple moving average is $2.14. Pacific Coast Oil Trust has a 1-year low of $1.48 and a 1-year high of $2.95.

Pacific Coast Oil Trust (NYSE:ROYT) last issued its earnings results on Thursday, August 1st. The oil and gas producer reported $0.08 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.08. The business had revenue of $12.13 million for the quarter. Pacific Coast Oil Trust had a net margin of 23.98% and a return on equity of 6.20%. As a group, analysts predict that Pacific Coast Oil Trust will post 0.22 earnings per share for the current fiscal year.

The business also recently announced a monthly dividend, which will be paid on Tuesday, September 17th. Stockholders of record on Tuesday, September 3rd will be paid a $0.0238 dividend. The ex-dividend date of this dividend is Friday, August 30th. This represents a $0.29 dividend on an annualized basis and a dividend yield of 14.21%. Pacific Coast Oil Trust’s dividend payout ratio (DPR) is presently 87.88%.

An institutional investor recently bought a new position in Pacific Coast Oil Trust stock. Marshall Wace LLP acquired a new stake in Pacific Coast Oil Trust (NYSE:ROYT) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 22,164 shares of the oil and gas producer’s stock, valued at approximately $47,000. Marshall Wace LLP owned approximately 0.06% of Pacific Coast Oil Trust at the end of the most recent quarter. 12.39% of the stock is owned by institutional investors and hedge funds.

Pacific Coast Oil Trust Company Profile

Pacific Coast Oil Trust acquires and holds net profits and royalty interests in various oil and natural gas properties located in California. Its properties include Orcutt properties located in the Santa Maria Basin; and West Pico, East Coyote, and Sawtelle properties located in the Los Angeles Basin of California.

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