North European Oil Royality Trust (NYSE:NRT) Short Interest Update

North European Oil Royality Trust (NYSE:NRT) was the recipient of a significant drop in short interest in January. As of January 15th, there was short interest totaling 43,267 shares, a drop of 50.7% from the December 31st total of 87,818 shares. Approximately 0.5% of the shares of the company are short sold. Based on an average daily volume of 147,763 shares, the short-interest ratio is currently 0.3 days. Based on an average daily volume of 147,763 shares, the short-interest ratio is currently 0.3 days. Approximately 0.5% of the shares of the company are short sold.

North European Oil Royality Trust Stock Down 1.5%

NRT opened at $8.83 on Thursday. The business’s fifty day simple moving average is $7.06 and its 200 day simple moving average is $6.02. North European Oil Royality Trust has a 52 week low of $4.00 and a 52 week high of $9.48. The stock has a market cap of $81.15 million, a PE ratio of 10.77 and a beta of 0.09.

North European Oil Royality Trust (NYSE:NRT) last posted its quarterly earnings data on Wednesday, December 31st. The energy company reported $0.32 earnings per share (EPS) for the quarter. The firm had revenue of $3.06 million during the quarter. North European Oil Royality Trust had a return on equity of 458.25% and a net margin of 91.78%.

North European Oil Royality Trust Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 26th. Stockholders of record on Friday, November 14th were paid a $0.31 dividend. This is a positive change from North European Oil Royality Trust’s previous quarterly dividend of $0.26. The ex-dividend date of this dividend was Friday, November 14th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 14.0%. North European Oil Royality Trust’s dividend payout ratio is currently 151.22%.

Analyst Ratings Changes

NRT has been the topic of several recent research reports. Wall Street Zen upgraded North European Oil Royality Trust from a “hold” rating to a “strong-buy” rating in a research report on Saturday, January 3rd. Weiss Ratings reiterated a “hold (c)” rating on shares of North European Oil Royality Trust in a research report on Friday, January 9th. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, North European Oil Royality Trust has an average rating of “Hold”.

Institutional Trading of North European Oil Royality Trust

Several institutional investors have recently added to or reduced their stakes in the business. Peapack Gladstone Financial Corp boosted its holdings in North European Oil Royality Trust by 57.0% during the 2nd quarter. Peapack Gladstone Financial Corp now owns 44,600 shares of the energy company’s stock valued at $223,000 after acquiring an additional 16,200 shares during the period. Bank of America Corp DE raised its stake in shares of North European Oil Royality Trust by 210.5% during the second quarter. Bank of America Corp DE now owns 29,500 shares of the energy company’s stock valued at $148,000 after acquiring an additional 20,000 shares during the last quarter. Susquehanna International Group LLP bought a new stake in North European Oil Royality Trust in the third quarter valued at $134,000. Finally, Jane Street Group LLC bought a new stake in shares of North European Oil Royality Trust during the 1st quarter valued at about $60,000. 6.97% of the stock is currently owned by hedge funds and other institutional investors.

About North European Oil Royality Trust

North European Oil Royalty Trust (NYSE: NRT) is a statutory trust that holds an overriding royalty interest in a diversified portfolio of oil and natural gas properties located in the United Kingdom sector of the North Sea. The trust’s sole business is to receive royalty revenues from production activities on its underlying fields and distribute those revenues directly to unitholders. It does not engage in exploration, drilling or field operations.

Under the terms of its governing agreement, the trust is entitled to a fixed percentage of net production revenues, after the deduction of operating and administrative expenses, from a series of established oil and gas fields in the North Sea region.