Research note coverage of VOC Energy Trust was initially published by equity analysts at StockNews.com on Thursday, making it the first day of its publication (NYSE: VOC).
The consulting firm recommended to its customers that they keep their “hold” rating on the stock of the oil and gas producer.
Thursday’s opening price for trading on the NYSE VOC was $7.10 per share.
The price of VOC Energy Trust hit a low of $5.75 during the preceding 52 weeks, while it reached a high of $13.70 during that same period. Over the past 50 days, the price of a share of the company’s stock has increased to $9.38, while the average price over the past 200 days has been $8.65.
In the most recent few months, several institutional investors, including hedge funds and other investment vehicles, have modified their VOC holdings.
During the first three months of 2018, Northern Trust Corporation saw a 7.4% increase in the total number of shares it held in VOC Energy Trust.
After making an additional purchase of 1,437 shares, Northern Trust Corporation now holds 20,791 shares of the oil and gas producer’s stock.
Based on the current market price, this gives the company a value of $142,000.
In the fourth quarter of 2018, 180 Wealth Advisors LLC made a 12.4% investment increase in VOC Energy Trust, increasing the percentage of the fund it owns.
After making an additional purchase of 2,535 shares during the quarter, 180 Wealth Advisors LLC now has 23,001 shares of the oil and gas producer’s stock, currently valued at $249,000.
This is because the company has purchased 23,001 shares since the beginning of the quarter. Janney Montgomery Scott LLC increased the percentage of VOC Energy Trust shares it owned by 18.2% during the third quarter. Janney Montgomery Scott LLC now has 17,864 shares of the oil and gas producer’s stock, with an estimated market value of $121,000 after purchasing an additional 2,752 shares during the quarter.
This brings the total number of shares that the company owns to a record high.
During the fourth quarter of the fiscal year, Dorsey Wright & Associates invested $36,000 in VOC Energy Trust.
This investment was made during the fiscal year.
And finally, but certainly not least, during the third quarter, McGowan Group Asset Management INC increased the percentage of VOC Energy Trust shares it owned by 4.0 percent.
The McGowan Group Asset Management INC now has a total position of 99,575 shares worth a combined total of $674,000 after the company made an additional purchase of 3,797 shares during the period.
The sum of the company’s holdings in the oil and gas producer is now $99,575, bringing the total number of shares to that figure.
To the tune of 3.36% of the company’s total stock, hedge funds and other types of institutional investors hold their holdings in the company.
It is not a secret that VOC Energy Trust is a prosperous company; this is common knowledge.
To satisfy the requirements of the unitholders who own shares in the trust, the trust satisfies those unitholders’ needs by purchasing and maintaining net profit interests.
The company began its operations for the first time on November 3, 2010, and its headquarters can be found in Houston, Texas.