Short Interest in North European Oil Royality Trust (NYSE:NRT) Drops By 21.8%

North European Oil Royality Trust (NYSE:NRT) was the recipient of a large decrease in short interest during the month of December. As of December 31st, there was short interest totaling 87,818 shares, a decrease of 21.8% from the December 15th total of 112,229 shares. Currently, 1.0% of the shares of the stock are sold short. Based on an average trading volume of 40,448 shares, the short-interest ratio is currently 2.2 days. Based on an average trading volume of 40,448 shares, the short-interest ratio is currently 2.2 days. Currently, 1.0% of the shares of the stock are sold short.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the stock. Weiss Ratings restated a “hold (c)” rating on shares of North European Oil Royality Trust in a research report on Friday, January 9th. Wall Street Zen raised shares of North European Oil Royality Trust from a “hold” rating to a “strong-buy” rating in a research note on Saturday, January 3rd. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the company has a consensus rating of “Hold”.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Jane Street Group LLC acquired a new stake in North European Oil Royality Trust during the first quarter worth about $60,000. Kingstone Capital Partners Texas LLC bought a new position in shares of North European Oil Royality Trust during the second quarter valued at approximately $19,341,000. Peapack Gladstone Financial Corp raised its position in shares of 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 worth $223,000 after purchasing an additional 16,200 shares during the period. Bank of America Corp DE raised its position in shares of 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 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 3rd quarter worth approximately $134,000. 6.97% of the stock is currently owned by hedge funds and other institutional investors.

North European Oil Royality Trust Price Performance

NRT stock traded up $0.06 on Friday, hitting $8.57. 131,984 shares of the company were exchanged, compared to its average volume of 90,442. North European Oil Royality Trust has a twelve month low of $4.00 and a twelve month high of $9.09. The business’s fifty day moving average is $6.66 and its two-hundred day moving average is $5.80. The stock has a market capitalization of $78.78 million, a price-to-earnings ratio of 10.45 and a beta of 0.09.

North European Oil Royality Trust Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 26th. Investors of record on Friday, November 14th were given a dividend of $0.31 per share. This is a boost 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 annualized dividend and a yield of 14.5%. North European Oil Royality Trust’s dividend payout ratio is presently 151.22%.

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.