Short Interest in North European Oil Royalty Trust (NYSE:NRT) Expands By 25.3%

North European Oil Royalty Trust (NYSE:NRT) was the target of a significant increase in short interest during the month of February. As of February 15th, there was short interest totalling 83,100 shares, an increase of 25.3% from the January 31st total of 66,300 shares. Based on an average trading volume of 51,900 shares, the days-to-cover ratio is currently 1.6 days. Currently, 0.9% of the shares of the stock are sold short.

Wall Street Analysts Forecast Growth

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

Institutional Investors Weigh In On North European Oil Royalty Trust

A hedge fund recently raised its stake in North European Oil Royalty Trust stock. Peapack Gladstone Financial Corp boosted its holdings in shares of North European Oil Royalty Trust (NYSE:NRT) by 34.5% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 19,500 shares of the energy company’s stock after purchasing an additional 5,000 shares during the period. Peapack Gladstone Financial Corp owned about 0.21% of North European Oil Royalty Trust worth $102,000 at the end of the most recent reporting period. 6.97% of the stock is owned by institutional investors and hedge funds.

North European Oil Royalty Trust Trading Up 1.3 %

Shares of NRT traded up $0.06 during mid-day trading on Friday, reaching $4.31. The company’s stock had a trading volume of 1,973 shares, compared to its average volume of 53,649. The stock has a market cap of $39.58 million, a PE ratio of 8.29 and a beta of 0.76. The company’s fifty day moving average price is $4.66 and its two-hundred day moving average price is $4.74. North European Oil Royalty Trust has a 52 week low of $3.88 and a 52 week high of $8.62.

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 (EPS) for the quarter. North European Oil Royalty Trust had a return on equity of 537.09% and a net margin of 87.43%. 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. Shareholders of record on Friday, February 14th were given a $0.04 dividend. The ex-dividend date was Friday, February 14th. This represents a $0.16 annualized dividend and a yield of 3.72%. This is an increase from North European Oil Royalty Trust’s previous quarterly dividend of $0.02. North European Oil Royalty Trust’s payout ratio is presently 31.37%.

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.