Shares of Pacific Coast Oil Trust (NYSE:ROYT) have been given an average broker rating score of 3.00 (Hold) from the one brokers that provide coverage for the company, Zacks Investment Research reports. One research analyst has rated the stock with a hold recommendation.
Analysts have set a 12 month consensus price objective of $2.00 for the company, according to Zacks. Zacks has also assigned Pacific Coast Oil Trust an industry rank of 9 out of 255 based on the ratings given to its competitors.
Separately, TheStreet upgraded Pacific Coast Oil Trust from a “c+” rating to a “b-” rating in a research report on Tuesday, January 22nd.
Hedge funds have recently modified their holdings of the stock. Jane Street Group LLC bought a new stake in shares of Pacific Coast Oil Trust in the 4th quarter valued at about $35,000. Virtu Financial LLC bought a new stake in shares of Pacific Coast Oil Trust during the 3rd quarter valued at about $155,000. Finally, Renaissance Technologies LLC boosted its position in shares of Pacific Coast Oil Trust by 179.4% during the 3rd quarter. Renaissance Technologies LLC now owns 240,300 shares of the oil and gas producer’s stock valued at $656,000 after purchasing an additional 154,300 shares in the last quarter. Institutional investors and hedge funds own 13.84% of the company’s stock.
Shares of Pacific Coast Oil Trust stock remained flat at $$2.12 during trading on Tuesday. The stock had a trading volume of 58,919 shares, compared to its average volume of 126,578. Pacific Coast Oil Trust has a 12 month low of $1.48 and a 12 month high of $2.95.
The company also recently disclosed a monthly dividend, which will be paid on Monday, March 25th. Investors of record on Monday, March 11th will be given a dividend of $0.0199 per share. The ex-dividend date of this dividend is Friday, March 8th. This represents a $0.24 dividend on an annualized basis and a yield of 11.24%. This is a positive change from Pacific Coast Oil Trust’s previous monthly dividend of $0.01.
About Pacific Coast Oil Trust
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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