VOC Energy Trust (NYSE:VOC) Announces Earnings Results

VOC Energy Trust (NYSE:VOC) announced its earnings results on Thursday. The oil and gas producer reported $0.18 EPS for the quarter, reports. VOC Energy Trust had a net margin of 91.90% and a return on equity of 103.79%. The company had revenue of $3.40 million during the quarter.

VOC Energy Trust Stock Down 1.4 %

Shares of VOC traded down $0.07 during mid-day trading on Friday, reaching $4.85. The company’s stock had a trading volume of 61,113 shares, compared to its average volume of 69,392. VOC Energy Trust has a 1 year low of $4.45 and a 1 year high of $8.50. The company has a market cap of $82.45 million, a price-to-earnings ratio of 5.96 and a beta of 0.88. The business has a fifty day moving average of $5.01 and a 200 day moving average of $5.13.

VOC Energy Trust Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, November 14th. Shareholders of record on Wednesday, October 30th will be paid a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a yield of 14.85%. The ex-dividend date of this dividend is Wednesday, October 30th. VOC Energy Trust’s dividend payout ratio (DPR) is currently 88.89%.

Institutional Trading of VOC Energy Trust

A number of hedge funds have recently made changes to their positions in VOC. 180 Wealth Advisors LLC lifted its holdings in shares of VOC Energy Trust by 225.4% during the 2nd quarter. 180 Wealth Advisors LLC now owns 165,296 shares of the oil and gas producer’s stock valued at $868,000 after buying an additional 114,496 shares during the last quarter. Sanctuary Advisors LLC bought a new position in VOC Energy Trust during the second quarter valued at approximately $323,000. Finally, Janney Montgomery Scott LLC lifted its stake in VOC Energy Trust by 18.5% in the first quarter. Janney Montgomery Scott LLC now owns 35,571 shares of the oil and gas producer’s stock valued at $215,000 after acquiring an additional 5,550 shares during 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 an 80% term net profits interest of the net proceeds on the underlying properties. As of December 31, 2021, its underlying properties had interests in 452.5 net producing wells and 51,147.2 net acres.