Pacific Coast Oil Trust (NYSE:ROYT) was down 9.7% during trading on Monday . The company traded as low as $2.22 and last traded at $2.41. Approximately 542,671 shares were traded during mid-day trading, an increase of 76% from the average daily volume of 308,551 shares. The stock had previously closed at $2.67.

Separately, Zacks Investment Research cut shares of Pacific Coast Oil Trust from a “hold” rating to a “sell” rating in a research report on Wednesday, January 17th.

The firm has a market capitalization of $92.99, a price-to-earnings ratio of 31.00 and a beta of 2.15.

Pacific Coast Oil Trust (NYSE:ROYT) last announced its quarterly earnings data on Monday, October 30th. The oil and gas producer reported $0.04 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.07 by ($0.03). Pacific Coast Oil Trust had a net margin of 6.02% and a return on equity of 1.44%. research analysts anticipate that Pacific Coast Oil Trust will post 0.19 EPS for the current fiscal year.

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, February 20th. Investors of record on Monday, February 5th will be issued a $0.0164 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 7.91%. The ex-dividend date is Friday, February 2nd. Pacific Coast Oil Trust’s dividend payout ratio is currently 412.55%.

A hedge fund recently bought a new stake in Pacific Coast Oil Trust stock. Evergreen Capital Management LLC acquired a new stake in Pacific Coast Oil Trust (NYSE:ROYT) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 3,737,323 shares of the oil and gas producer’s stock, valued at approximately $5,905,000. Evergreen Capital Management LLC owned 9.69% of Pacific Coast Oil Trust at the end of the most recent quarter. Institutional investors and hedge funds own 16.40% of the company’s stock.

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About Pacific Coast Oil Trust

Pacific Coast Oil Trust is a statutory trust formed by Pacific Coast Energy Company LP (PCEC). The Trust is engaged 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.

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