Short Interest in North European Oil Royalty Trust (NYSE:NRT) Drops By 29.8%

North European Oil Royalty Trust (NYSE:NRT) saw a large decline in short interest during the month of February. As of February 28th, there was short interest totalling 58,300 shares, a decline of 29.8% from the February 13th total of 83,100 shares. Based on an average daily trading volume, of 50,600 shares, the short-interest ratio is currently 1.2 days. Currently, 0.7% of the company’s stock are short sold.

North European Oil Royalty Trust Stock Up 7.4 %

North European Oil Royalty Trust stock traded up $0.32 during mid-day trading on Monday, hitting $4.62. The company had a trading volume of 49,219 shares, compared to its average volume of 53,563. North European Oil Royalty Trust has a 1 year low of $3.88 and a 1 year high of $8.62. The business has a fifty day moving average of $4.67 and a 200 day moving average of $4.66. The stock has a market cap of $42.46 million, a price-to-earnings ratio of 8.88 and a beta of 0.60.

North European Oil Royalty Trust (NYSE:NRT) last posted its earnings results on Friday, February 28th. The energy company reported $0.04 EPS for the quarter. North European Oil Royalty Trust had a net margin of 87.43% and a return on equity of 537.09%. The firm had revenue of $0.51 million for the quarter.

North European Oil Royalty Trust Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, February 26th. Stockholders of record on Friday, February 14th were given a dividend of $0.04 per share. The ex-dividend date was Friday, February 14th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 3.46%. This is a boost from North European Oil Royalty Trust’s previous quarterly dividend of $0.02. North European Oil Royalty Trust’s payout ratio is 31.37%.

Institutional Trading of North European Oil Royalty Trust

A hedge fund recently raised its stake in North European Oil Royalty Trust stock. Peapack Gladstone Financial Corp raised its position in North European Oil Royalty Trust (NYSE:NRT) by 34.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 19,500 shares of the energy company’s stock after buying an additional 5,000 shares during the quarter. Peapack Gladstone Financial Corp owned approximately 0.21% of North European Oil Royalty Trust worth $102,000 as of its most recent filing with the Securities and Exchange Commission. Institutional investors and hedge funds own 6.97% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com downgraded North European Oil Royalty Trust from a “buy” rating to a “hold” rating in a report on Tuesday, March 4th.

About North European Oil Royalty Trust

North European Oil Royalty Trust, a grantor trust, holds overriding royalty rights covering gas and oil production in various concessions or leases in the Federal Republic of Germany. The company also has rights under contracts with German exploration and development subsidiaries of ExxonMobil Corp. and the Royal Dutch/Shell Group of Companies.