North European Oil Royality Trust (NYSE:NRT) Sees Large Decline in Short Interest

North European Oil Royality Trust (NYSE:NRT) was the target of a significant decrease in short interest in the month of January. As of January 15th, there was short interest totaling 43,267 shares, a decrease of 50.7% from the December 31st total of 87,818 shares. Approximately 0.5% of the company’s shares are sold short. 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 company’s shares are sold short.

North European Oil Royality Trust Trading Down 1.5%

NRT opened at $8.83 on Thursday. The company has a market cap of $81.15 million, a P/E ratio of 10.77 and a beta of 0.09. The company has a fifty day moving average price of $7.06 and a two-hundred day moving average price of $6.02. North European Oil Royality Trust has a 1-year low of $4.00 and a 1-year high of $9.48.

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

North European Oil Royality Trust Increases Dividend

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

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of NRT. Jane Street Group LLC purchased a new position in shares of North European Oil Royality Trust during the first quarter valued at approximately $60,000. Peapack Gladstone Financial Corp increased its holdings in North European Oil Royality Trust by 57.0% during the second quarter. Peapack Gladstone Financial Corp now owns 44,600 shares of the energy company’s stock worth $223,000 after buying an additional 16,200 shares during the last quarter. Bank of America Corp DE raised its holdings in shares of North European Oil Royality Trust by 210.5% in the 2nd quarter. Bank of America Corp DE now owns 29,500 shares of the energy company’s stock worth $148,000 after purchasing an additional 20,000 shares during the period. Finally, Susquehanna International Group LLP bought a new stake in shares of North European Oil Royality Trust in the third quarter valued at $134,000. Institutional investors own 6.97% of the company’s stock.

Analyst Upgrades and Downgrades

NRT has been the topic of a number of analyst 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 restated 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 MarketBeat.com, the company currently has a consensus rating of “Hold”.

North European Oil Royality Trust Company Profile

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.