North European Oil Royality Trust (NYSE:NRT) Sees Significant Increase in Short Interest

North European Oil Royality Trust (NYSE:NRT) was the recipient of a large growth in short interest in March. As of March 13th, there was short interest totaling 33,852 shares, a growth of 25.5% from the February 26th total of 26,982 shares. Currently, 0.4% of the shares of the stock are short sold. Based on an average daily volume of 164,280 shares, the short-interest ratio is currently 0.2 days.

Insider Buying and Selling at North European Oil Royality Trust

In related news, insider Richard Page Howard sold 25,000 shares of the stock in a transaction on Tuesday, March 17th. The stock was sold at an average price of $8.62, for a total value of $215,500.00. Following the sale, the insider owned 250,000 shares in the company, valued at approximately $2,155,000. This trade represents a 9.09% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 3.50% of the company’s stock.

Institutional Trading of North European Oil Royality Trust

Several hedge funds have recently added to or reduced their stakes in NRT. Peapack Gladstone Financial Corp grew its stake in shares of North European Oil Royality Trust by 11.0% during the fourth quarter. Peapack Gladstone Financial Corp now owns 49,500 shares of the energy company’s stock valued at $326,000 after buying an additional 4,900 shares during the last quarter. Advisory Services Network LLC bought a new position in North European Oil Royality Trust during the 4th quarter worth approximately $235,000. LPL Financial LLC increased its stake in North European Oil Royality Trust by 11.2% in the 4th quarter. LPL Financial LLC now owns 30,503 shares of the energy company’s stock worth $201,000 after purchasing an additional 3,060 shares during the period. Bank of America Corp DE increased its stake in 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 North European Oil Royality Trust in the third quarter valued at approximately $134,000. 6.97% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on NRT shares. Weiss Ratings restated a “hold (c)” rating on shares of North European Oil Royality Trust in a research note on Friday, January 9th. Wall Street Zen cut shares of North European Oil Royality Trust from a “strong-buy” rating to a “buy” rating in a research report on Saturday, March 21st. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the stock presently has an average rating of “Hold”.

North European Oil Royality Trust Stock Down 4.5%

Shares of North European Oil Royality Trust stock traded down $0.41 during trading on Wednesday, hitting $8.59. 29,837 shares of the stock traded hands, compared to its average volume of 118,465. The stock has a market cap of $78.98 million, a price-to-earnings ratio of 8.78 and a beta of 0.19. North European Oil Royality Trust has a 52 week low of $4.00 and a 52 week high of $10.49. The firm’s fifty day moving average is $8.88 and its 200-day moving average is $7.16.

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

North European Oil Royality Trust Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, February 25th. Investors of record on Friday, February 13th were issued a dividend of $0.22 per share. The ex-dividend date of this dividend was Friday, February 13th. This represents a $0.88 annualized dividend and a dividend yield of 10.2%. North European Oil Royality Trust’s dividend payout ratio (DPR) is currently 88.89%.

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.