Pacific Coast Oil Trust (NYSE:ROYT) was the recipient of a significant decrease in short interest during the month of 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. Currently, 1.3% of the shares of the stock are short sold. Based on an average daily volume of 140,100 shares, the short-interest ratio is currently 3.5 days.
NYSE ROYT traded down $0.02 on Friday, hitting $1.99. 179,500 shares of the company’s stock were exchanged, compared to its average volume of 147,280. The stock has a 50-day moving average of $2.12 and a 200-day moving average of $2.14. Pacific Coast Oil Trust has a 52 week low of $1.48 and a 52 week high of $2.95. The stock has a market cap of $76.77 million, a price-to-earnings ratio of 6.03 and a beta of 1.97.
Pacific Coast Oil Trust (NYSE:ROYT) last released its earnings results on Thursday, August 1st. The oil and gas producer reported $0.08 earnings per share for the quarter, hitting the consensus estimate of $0.08. Pacific Coast Oil Trust had a return on equity of 6.20% and a net margin of 23.98%. The firm had revenue of $12.13 million during the quarter. On average, equities research analysts anticipate that Pacific Coast Oil Trust will post 0.22 EPS for the current year.
The firm also recently announced a monthly dividend, which will be paid on Tuesday, September 17th. Shareholders of record on Tuesday, September 3rd will be paid a dividend of $0.0238 per share. This represents a $0.29 annualized dividend and a yield of 14.36%. The ex-dividend date is Friday, August 30th. Pacific Coast Oil Trust’s payout ratio is presently 87.88%.
A hedge fund recently bought a new stake in Pacific Coast Oil Trust stock. Regal Investment Advisors LLC bought a new position in shares of Pacific Coast Oil Trust (NYSE:ROYT) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 14,300 shares of the oil and gas producer’s stock, valued at approximately $31,000. 12.39% of the stock is owned by institutional investors.
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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