VOC Energy Trust (NYSE:VOC) Short Interest Down 49.4% in February

VOC Energy Trust (NYSE:VOC) saw a large decrease in short interest during the month of February. As of February 28th, there was short interest totalling 16,300 shares, a decrease of 49.4% from the February 13th total of 32,200 shares. Based on an average daily volume of 74,400 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.2% of the company’s stock are sold short.

Institutional Investors Weigh In On VOC Energy Trust

Several hedge funds and other institutional investors have recently made changes to their positions in VOC. Two Sigma Securities LLC acquired a new position in shares of VOC Energy Trust during the fourth quarter worth approximately $66,000. Sanctuary Advisors LLC increased its position in VOC Energy Trust by 29.8% during the third quarter. Sanctuary Advisors LLC now owns 87,140 shares of the oil and gas producer’s stock worth $436,000 after acquiring an additional 20,001 shares during the period. Finally, 180 Wealth Advisors LLC raised its stake in VOC Energy Trust by 10.5% during the 4th quarter. 180 Wealth Advisors LLC now owns 204,339 shares of the oil and gas producer’s stock valued at $977,000 after purchasing an additional 19,439 shares during the last quarter.

Analysts Set New Price Targets

Separately, StockNews.com lowered VOC Energy Trust from a “buy” rating to a “hold” rating in a report on Thursday, December 26th.

VOC Energy Trust Stock Down 0.3 %

Shares of NYSE:VOC traded down $0.01 during trading on Friday, reaching $3.16. The stock had a trading volume of 34,917 shares, compared to its average volume of 67,109. The stock has a fifty day simple moving average of $3.93 and a two-hundred day simple moving average of $4.60. The firm has a market capitalization of $53.75 million, a price-to-earnings ratio of 4.05 and a beta of 0.82. VOC Energy Trust has a 52 week low of $2.85 and a 52 week high of $7.10.

VOC Energy Trust Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, February 13th. Shareholders of record on Thursday, January 30th were issued a dividend of $0.085 per share. This represents a $0.34 dividend on an annualized basis and a yield of 10.75%. The ex-dividend date of this dividend was Thursday, January 30th. VOC Energy Trust’s dividend payout ratio (DPR) is 43.59%.

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.