VOC Energy Trust (NYSE:VOC) to Issue $0.18 Quarterly Dividend

VOC Energy Trust (NYSE:VOC) declared a quarterly dividend on Friday, April 19th, Wall Street Journal reports. Shareholders of record on Tuesday, April 30th will be given a dividend of 0.18 per share by the oil and gas producer on Wednesday, May 15th. This represents a $0.72 annualized dividend and a dividend yield of 11.71%. The ex-dividend date is Monday, April 29th.

VOC Energy Trust Stock Down 0.3 %

Shares of VOC traded down $0.02 during midday trading on Friday, hitting $6.15. 57,766 shares of the company traded hands, compared to its average volume of 78,622. The firm has a 50 day moving average of $6.35 and a 200-day moving average of $7.43. VOC Energy Trust has a 52 week low of $5.77 and a 52 week high of $10.65.

VOC Energy Trust (NYSE:VOC) last released its quarterly earnings data on Wednesday, March 20th. The oil and gas producer reported $0.23 EPS for the quarter. VOC Energy Trust had a net margin of 92.44% and a return on equity of 108.69%. The business had revenue of $4.12 million during the quarter.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in VOC. Osaic Holdings Inc. lifted its holdings in shares of VOC Energy Trust by 66.7% in the 2nd quarter. Osaic Holdings Inc. now owns 8,044 shares of the oil and gas producer’s stock valued at $64,000 after acquiring an additional 3,220 shares during the last quarter. Renaissance Technologies LLC bought a new position in shares of VOC Energy Trust in the 4th quarter valued at about $131,000. JPMorgan Chase & Co. bought a new position in shares of VOC Energy Trust in the 4th quarter valued at about $136,000. Northern Trust Corp lifted its holdings in shares of VOC Energy Trust by 7.4% in the 1st quarter. Northern Trust Corp now owns 20,791 shares of the oil and gas producer’s stock valued at $142,000 after acquiring an additional 1,437 shares during the last quarter. Finally, Wexford Capital LP bought a new position in shares of VOC Energy Trust in the 2nd quarter valued at about $513,000.

VOC Energy Trust Company Profile

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.