Pacific Coast Oil Trust (NYSE:ROYT) was the recipient of a large drop in short interest in the month of August. As of August 31st, there was short interest totalling 487,700 shares, a drop of 15.3% from the July 31st total of 575,500 shares. Based on an average trading volume of 140,100 shares, the short-interest ratio is presently 3.5 days. Approximately 1.3% of the company’s shares are sold short.

Pacific Coast Oil Trust stock traded down $0.02 during trading hours on Friday, reaching $1.99. 179,500 shares of the company’s stock were exchanged, compared to its average volume of 147,280. The firm’s 50 day simple moving average is $2.12 and its 200 day simple moving average is $2.14. Pacific Coast Oil Trust has a twelve month low of $1.48 and a twelve month high of $2.95. The firm has a market capitalization of $76.77 million, a PE ratio of 6.03 and a beta of 1.97.

Pacific Coast Oil Trust (NYSE:ROYT) last issued its quarterly earnings results on Thursday, August 1st. The oil and gas producer reported $0.08 earnings per share for the quarter, hitting the Zacks’ 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, research analysts expect that Pacific Coast Oil Trust will post 0.22 EPS for the current fiscal year.

The firm also recently declared a monthly dividend, which will be paid on Tuesday, September 17th. Shareholders of record on Tuesday, September 3rd will be issued a dividend of $0.0238 per share. The ex-dividend date of this dividend is Friday, August 30th. This represents a $0.29 dividend on an annualized basis and a yield of 14.36%. Pacific Coast Oil Trust’s payout ratio is currently 87.88%.

An institutional investor recently bought a new position in Pacific Coast Oil Trust stock. Regal Investment Advisors LLC purchased a new position in shares of Pacific Coast Oil Trust (NYSE:ROYT) in the first quarter, according to its most recent filing with the SEC. The firm purchased 14,300 shares of the oil and gas producer’s stock, valued at approximately $31,000. 12.39% of the stock is currently owned by hedge funds and other institutional investors.

Pacific Coast Oil Trust Company Profile

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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