VOC Energy Trust (NYSE:VOC) Sees Significant Drop in Short Interest

VOC Energy Trust (NYSE:VOC) saw a significant decrease in short interest during the month of May. As of May 15th, there was short interest totaling 15,860 shares, a decrease of 66.1% from the April 30th total of 46,739 shares. Approximately 0.1% of the shares of the stock are sold short. Based on an average daily volume of 122,356 shares, the short-interest ratio is currently 0.1 days.

Analyst Ratings Changes

Separately, Weiss Ratings upgraded shares of VOC Energy Trust from a “sell (d)” rating to a “sell (d+)” rating in a research report on Friday, April 24th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the company has a consensus rating of “Sell”.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in VOC Energy Trust stock. International Assets Investment Management LLC purchased a new position in shares of VOC Energy Trust (NYSE:VOC) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 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 Stock Down 6.8%

VOC stock traded down $0.21 during trading on Friday, hitting $2.89. The company had a trading volume of 176,175 shares, compared to its average volume of 89,412. The firm has a 50-day moving average price of $3.32 and a 200-day moving average price of $3.11. VOC Energy Trust has a 12 month low of $2.60 and a 12 month high of $3.84. The stock has a market cap of $49.11 million, a price-to-earnings ratio of 6.57 and a beta of 0.19.

VOC Energy Trust (NYSE:VOC) last announced its quarterly earnings data on Wednesday, May 13th. The oil and gas producer reported $0.09 EPS for the quarter. The firm had revenue of $1.59 million for the quarter. VOC Energy Trust had a return on equity of 71.27% and a net margin of 90.03%.

VOC Energy Trust Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 15th. Shareholders of record on Thursday, April 30th were issued 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 yield of 13.2%. This is an increase from VOC Energy Trust’s previous quarterly dividend of $0.09. VOC Energy Trust’s dividend payout ratio (DPR) is presently 86.36%.

About VOC Energy Trust

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.