North European Oil Royality Trust (NYSE:NRT) Short Interest Up 25.5% in March

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

North European Oil Royality Trust Stock Performance

Shares of North European Oil Royality Trust stock traded down $0.02 on Monday, hitting $9.18. 69,579 shares of the company’s stock were exchanged, compared to its average volume of 120,988. The company has a 50-day simple moving average of $8.86 and a 200-day simple moving average of $7.11. The stock has a market capitalization of $84.35 million, a PE ratio of 9.24 and a beta of 0.19. North European Oil Royality Trust has a 1 year low of $4.00 and a 1 year high of $10.49.

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

North European Oil Royality Trust Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 25th. Investors of record on Friday, February 13th were issued a $0.22 dividend. The ex-dividend date of this dividend was Friday, February 13th. This represents a $0.88 dividend on an annualized basis and a yield of 9.6%. North European Oil Royality Trust’s payout ratio is currently 88.89%.

Insider Buying and Selling at North European Oil Royality Trust

In other news, insider Richard Page Howard sold 25,000 shares of the company’s stock in a transaction on Tuesday, March 17th. The stock was sold at an average price of $8.62, for a total transaction of $215,500.00. Following the transaction, the insider directly owned 250,000 shares of the company’s stock, valued at $2,155,000. This represents a 9.09% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 3.50% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On North European Oil Royality Trust

A number of institutional investors have recently added to or reduced their stakes in the stock. Advisory Services Network LLC bought a new stake in shares of North European Oil Royality Trust during the fourth quarter valued at approximately $235,000. Peapack Gladstone Financial Corp boosted its position in shares of North European Oil Royality Trust by 57.0% during the second quarter. Peapack Gladstone Financial Corp now owns 44,600 shares of the energy company’s stock worth $223,000 after acquiring an additional 16,200 shares during the last quarter. LPL Financial LLC boosted its position in shares of North European Oil Royality Trust by 11.2% during the fourth quarter. LPL Financial LLC now owns 30,503 shares of the energy company’s stock worth $201,000 after acquiring an additional 3,060 shares during the last quarter. Bank of America Corp DE grew its stake in North European Oil Royality Trust by 210.5% during the second quarter. Bank of America Corp DE now owns 29,500 shares of the energy company’s stock valued at $148,000 after acquiring an additional 20,000 shares in the last quarter. Finally, Susquehanna International Group LLP purchased a new position in North European Oil Royality Trust during the third quarter valued at $134,000. 6.97% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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