It is trading at $1.65 a bit higher than $1.57, the stock’s 50 day moving average and which is just a bit below the 200 day moving average of $1.69. The 50 day moving average was up $0.08 whereas the 200 day average was down by -2.17%. Trading volume for Pacific Coast Oil Trust Units o was 71K in the last trading session. Shares saw a steep decrease in trading volume of 30.83% under the normal average daily volume.
Short traders are more bullish on the company at least if you consider the fall in short interest. The firm had a fall in short interest from September 29, 2017 to October 13, 2017 of -7.91%. Short interest decreased 23,125 over that timeframe. The days to cover decreased to 3.0 and the short interest percentage is 0.01% as of October 13.
The following firms have recently changed their position in ROYT. As of quarter end Winch Advisory Services, LLC had acquired 9 shares growing its position 2.0%. The value of the investment in Pacific Coast Oil Trust Units o decreased from $1,000 to $1,000 a change of 0.0% for the reporting period. Regal Investment Advisors LLC expanded its ownership by buying 7,500 shares an increase of 75.0% as of 06/30/2017. Regal Investment Advisors LLC currently owns 17,500 shares with a value of $28,000. The total value of its holdings increased 47.4%.
Ubs Group Ag reduced its holdings by shedding 3,725 shares a decrease of 15.0% in the quarter. Ubs Group Ag now controls 21,171 shares worth $34,000. The value of the position overall is down by 27.7%. As of the end of the quarter Cutler Group LP had sold a total of 703 shares trimming its stake by 12.5%. The value of the total investment in Pacific Coast Oil Trust Units o went from $9,000 to $7,000 decreasing 22.2% quarter to quarter.
On July 13, 2017 the stock rating was set at “Hold” in a report from Stifel Nicolaus down from the previous “Buy” rating.
The company is now up by 1.23% percent from yesterday’s close. Additionally the company declared a dividend paid on Thursday the 19th of October 2017. The dividend payment was $0.020 per share for the quarter which comes to $0.08 on an annualized basis. This dividend represents a yield of $5.26 which is the dividend as a percentage of the current share price. The ex-dividend date was Thursday the 5th of October 2017.
The P/E ratio is 38.37 and the market cap is 63.66M. As of the latest earnings report the EPS was $0.04 and is estimated to be $0.19 for the current year with 38,583,000 shares now outstanding. Next quarter’s EPS is expected be $0.06 and the next full year EPS is projected to be $0.28.
Pacific Coast Oil Trust, launched on January 3, 2012, is a statutory trust formed by Pacific Coast Energy Company LP (PCEC). The Trust is involved in acquiring and holding net profits and royalty interests in certain oil and natural gas properties located in California for the benefit of the Trust unitholders. The Underlying Properties consist of producing and non-producing interests in oil units, wells and lands located onshore in California in the Santa Maria Basin, which contains PCEC’s Orcutt properties, and the Los Angeles Basin, which contains PCEC’s West Pico, East Coyote and Sawtelle properties. The Underlying Properties consist of the proved developed reserves, which are referred to as the Developed Properties and all other development potential on the Underlying Properties, which are referred to as the Remaining Properties. Production from the Developed Properties attributable to the Trust is produced from wells that, because they have already been drilled and require limited additional capital expenditures. The Underlying Properties had proved reserves of approximately 23.1 million barrels of oil equivalent (MMBoe)..