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

North European Oil Royalty Trust (NYSE:NRT) was the target of a large decrease in short interest in the month of February. As of February 28th, there was short interest totalling 58,300 shares, a decrease 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. Approximately 0.7% of the company’s shares are short sold.

North European Oil Royalty Trust Price Performance

Shares of NRT stock traded up $0.32 on Monday, hitting $4.62. The stock had a trading volume of 49,219 shares, compared to its average volume of 53,563. The company’s 50 day moving average price is $4.67 and its 200-day moving average price is $4.66. North European Oil Royalty Trust has a 1 year low of $3.88 and a 1 year high of $8.62. The firm has a market capitalization of $42.46 million, a P/E ratio of 8.88 and a beta of 0.60.

North European Oil Royalty Trust (NYSE:NRT) last announced its earnings results on Friday, February 28th. The energy company reported $0.04 earnings per share 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 business also recently disclosed a quarterly dividend, which was paid on Wednesday, February 26th. Stockholders of record on Friday, February 14th were paid a $0.04 dividend. This is a boost from North European Oil Royalty Trust’s previous quarterly dividend of $0.02. This represents a $0.16 annualized dividend and a dividend yield of 3.46%. The ex-dividend date was Friday, February 14th. North European Oil Royalty Trust’s dividend payout ratio (DPR) is presently 31.37%.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in North European Oil Royalty Trust stock. Swan Global Investments LLC raised its stake in North European Oil Royalty Trust (NYSE:NRT) by 102.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 64,600 shares of the energy company’s stock after purchasing an additional 32,750 shares during the period. Swan Global Investments LLC owned about 0.70% of North European Oil Royalty Trust worth $261,000 as of its most recent filing with the Securities and Exchange Commission (SEC). 6.97% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

North European Oil Royalty Trust Company Profile

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.