North European Oil Royalty Trust (NYSE:NRT) Sees Significant Decline in Short Interest

North European Oil Royalty Trust (NYSE:NRT) saw a large decrease in short interest during 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 volume of 50,600 shares, the short-interest ratio is presently 1.2 days. Approximately 0.7% of the company’s shares are short sold.

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.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in North European Oil Royalty Trust stock. Swan Global Investments LLC acquired a new stake in North European Oil Royalty Trust (NYSE:NRT) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 31,850 shares of the energy company’s stock, valued at approximately $167,000. Institutional investors and hedge funds own 6.97% of the company’s stock.

North European Oil Royalty Trust Stock Performance

NRT stock traded up $0.02 during midday trading on Friday, reaching $4.30. The company’s stock had a trading volume of 29,753 shares, compared to its average volume of 53,580. 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 $39.52 million, a price-to-earnings ratio of 8.27 and a beta of 0.60. The stock has a fifty day simple moving average of $4.67 and a two-hundred day simple moving average of $4.68.

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

North European Oil Royalty Trust Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, February 26th. Investors of record on Friday, February 14th were issued a $0.04 dividend. This is a positive change from North European Oil Royalty Trust’s previous quarterly dividend of $0.02. The ex-dividend date of this dividend was Friday, February 14th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 3.72%. North European Oil Royalty Trust’s payout ratio is presently 31.37%.

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.