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

North European Oil Royality Trust (NYSE:NRT) saw a large drop in short interest in the month of February. As of February 27th, there was short interest totaling 26,982 shares, a drop of 49.2% from the February 12th total of 53,090 shares. Approximately 0.3% of the company’s shares are sold short. Based on an average daily trading volume, of 84,831 shares, the short-interest ratio is currently 0.3 days. Based on an average daily trading volume, of 84,831 shares, the short-interest ratio is currently 0.3 days. Approximately 0.3% of the company’s shares are sold short.

Hedge Funds Weigh In On North European Oil Royality Trust

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in NRT. Jane Street Group LLC acquired a new position in shares of North European Oil Royality Trust during the 1st quarter worth about $60,000. Verdad Advisers LP acquired a new stake in shares of North European Oil Royality Trust in the 4th quarter valued at approximately $94,000. Marshall Wace LLP acquired a new stake in shares of North European Oil Royality Trust in the 4th quarter valued at approximately $96,000. Susquehanna International Group LLP bought a new position in North European Oil Royality Trust during the 3rd quarter worth approximately $134,000. Finally, Bank of America Corp DE boosted its stake in North European Oil Royality Trust by 210.5% during the 2nd quarter. Bank of America Corp DE now owns 29,500 shares of the energy company’s stock worth $148,000 after acquiring an additional 20,000 shares during the last quarter. Institutional investors own 6.97% of the company’s stock.

North European Oil Royality Trust Stock Down 2.6%

NRT stock traded down $0.24 during midday trading on Thursday, reaching $8.99. The company’s stock had a trading volume of 72,985 shares, compared to its average volume of 126,359. The business’s 50-day simple moving average is $8.62 and its 200-day simple moving average is $6.78. North European Oil Royality Trust has a 52 week low of $4.00 and a 52 week high of $10.49. The stock has a market cap of $82.61 million, a PE ratio of 9.08 and a beta of 0.19.

North European Oil Royality Trust (NYSE:NRT) last issued its earnings results on Monday, March 2nd. The energy company reported $0.21 EPS for the quarter. The company had revenue of $2.21 million during the quarter. North European Oil Royality Trust had a net margin of 92.51% and a return on equity of 516.79%.

North European Oil Royality Trust Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, February 25th. Investors of record on Friday, February 13th were issued a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 9.8%. The ex-dividend date was Friday, February 13th. North European Oil Royality Trust’s dividend payout ratio is currently 88.89%.

Analyst Ratings Changes

Several brokerages have recently issued reports on NRT. Weiss Ratings reaffirmed a “hold (c)” rating on shares of North European Oil Royality Trust in a research note on Friday, January 9th. Wall Street Zen raised North European Oil Royality Trust from a “hold” rating to a “strong-buy” rating in a report on Saturday, January 3rd. One analyst has rated the stock with a Hold rating, According to MarketBeat, the company has an average 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.