North European Oil Royality Trust (NYSE:NRT) Short Interest Update

North European Oil Royality Trust (NYSE:NRT) was the recipient of a significant decrease in short interest in February. As of February 27th, there was short interest totaling 26,982 shares, a decrease of 49.2% from the February 12th total of 53,090 shares. Based on an average trading volume of 84,831 shares, the days-to-cover ratio is presently 0.3 days. Approximately 0.3% of the shares of the stock are short sold. Approximately 0.3% of the shares of the stock are short sold. Based on an average trading volume of 84,831 shares, the days-to-cover ratio is presently 0.3 days.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the stock. 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 raised shares of North European Oil Royality Trust from a “hold” rating to a “strong-buy” rating in a report on Saturday, January 3rd. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, North European Oil Royality Trust currently has a consensus rating of “Hold”.

North European Oil Royality Trust Stock Down 2.6%

NRT traded down $0.24 during trading on Thursday, hitting $8.99. The company’s stock had a trading volume of 72,985 shares, compared to its average volume of 126,359. The stock has a market capitalization of $82.61 million, a price-to-earnings ratio of 9.08 and a beta of 0.19. The firm’s 50 day moving average price is $8.62 and its two-hundred day moving average price is $6.78. North European Oil Royality Trust has a 12 month low of $4.00 and a 12 month high of $10.49.

North European Oil Royality Trust (NYSE:NRT) last announced its earnings results on Monday, March 2nd. The energy company reported $0.21 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 company had revenue of $2.21 million for the quarter.

North European Oil Royality Trust Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, February 25th. Shareholders 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 dividend on an annualized basis and a yield of 9.8%. North European Oil Royality Trust’s dividend payout ratio is currently 88.89%.

Hedge Funds Weigh In On North European Oil Royality Trust

A number of institutional investors have recently modified their holdings of NRT. Advisory Services Network LLC acquired a new position in shares of North European Oil Royality Trust during the fourth quarter worth approximately $235,000. Peapack Gladstone Financial Corp increased its holdings in shares of North European Oil Royality Trust by 57.0% in the second quarter. Peapack Gladstone Financial Corp now owns 44,600 shares of the energy company’s stock valued at $223,000 after purchasing an additional 16,200 shares in the last quarter. LPL Financial LLC increased its holdings in shares of North European Oil Royality Trust by 11.2% in the fourth quarter. LPL Financial LLC now owns 30,503 shares of the energy company’s stock valued at $201,000 after purchasing an additional 3,060 shares in the last quarter. Bank of America Corp DE raised its position 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 last quarter. Finally, Susquehanna International Group LLP acquired a new position in North European Oil Royality Trust during the 3rd quarter worth $134,000. 6.97% of the stock is owned by institutional investors.

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.