North European Oil Royality Trust (NYSE:NRT) Stock Short Interest Report for September

North European Oil Royality Trust (NYSE:NRT) was the target of a significant decline in short interest in September. As of September 30th, there was short interest totaling 34,954 shares, a decline of 37.2% from the September 15th total of 55,693 shares. Based on an average trading volume of 27,208 shares, the short-interest ratio is currently 1.3 days. Currently, 0.4% of the shares of the stock are short sold.

Hedge Funds Weigh In On North European Oil Royality Trust

A hedge fund recently bought a new stake in North European Oil Royality Trust stock. Private Advisor Group LLC bought a new position in shares of North European Oil Royality Trust (NYSE:NRT) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 12,000 shares of the energy company’s stock, valued at approximately $108,000. Private Advisor Group LLC owned about 0.13% of North European Oil Royality Trust as of its most recent filing with the Securities and Exchange Commission (SEC). 6.97% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, Weiss Ratings raised North European Oil Royality Trust from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Tuesday, September 22nd. One analyst has rated the stock with a Buy rating. Based on data from MarketBeat, the company presently has a consensus rating of “Buy”.

North European Oil Royality Trust Trading Up 0.4%

NYSE NRT opened at $8.41 on Friday. North European Oil Royality Trust has a 12 month low of $5.23 and a 12 month high of $10.49. The stock has a market cap of $77.30 million, a PE ratio of 8.22 and a beta of 0.18. The stock’s 50 day moving average is $8.78 and its 200 day moving average is $8.34.

North European Oil Royality Trust (NYSE:NRT) last announced its quarterly earnings data on Tuesday, September 8th. The energy company reported $0.27 earnings per share (EPS) for the quarter. North European Oil Royality Trust had a net margin of 91.06% and a return on equity of 491.20%. The business had revenue of $2.64 million during the quarter.

North European Oil Royality Trust Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, August 31st. Stockholders of record on Monday, August 17th were issued a $0.26 dividend. This represents a $1.04 annualized dividend and a dividend yield of 12.4%. This is a boost from North European Oil Royality Trust’s previous quarterly dividend of $0.22. The ex-dividend date of this dividend was Monday, August 17th. North European Oil Royality Trust’s payout ratio is presently 101.96%.

North European Oil Royality Trust Company Profile

North European Oil Royalty Trust (NYSE:NRT) is a grantor trust that holds royalty interests in certain oil and natural gas properties in Germany. The trust does not explore for, produce, or market hydrocarbons itself; instead, it receives royalty payments based on production from the underlying properties.

The trust’s interests are associated with German mineral properties and concessions, including assets located primarily in northern Germany. Its distributions are therefore influenced by the volume of oil and natural gas produced from those properties, as well as applicable royalty arrangements and commodity-market conditions.

North European Oil Royalty Trust was established in 1975 and is managed through a trustee structure rather than as a conventional operating company.