Short Interest in North European Oil Royality Trust (NYSE:NRT) Decreases By 21.8%

North European Oil Royality Trust (NYSE:NRT) was the target of a significant drop in short interest in December. As of December 31st, there was short interest totaling 87,818 shares, a drop of 21.8% from the December 15th total of 112,229 shares. Based on an average daily trading volume, of 40,448 shares, the days-to-cover ratio is currently 2.2 days. Currently, 1.0% of the shares of the stock are short sold. Currently, 1.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 40,448 shares, the days-to-cover ratio is currently 2.2 days.

North European Oil Royality Trust Stock Performance

Shares of NYSE NRT traded up $0.06 during mid-day trading on Friday, reaching $8.57. The company had a trading volume of 131,984 shares, compared to its average volume of 90,442. The company has a market capitalization of $78.78 million, a price-to-earnings ratio of 10.45 and a beta of 0.09. The stock has a fifty day moving average of $6.66 and a two-hundred day moving average of $5.80. North European Oil Royality Trust has a 12-month low of $4.00 and a 12-month high of $9.09.

North European Oil Royality Trust Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 26th. Stockholders of record on Friday, November 14th were paid a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a dividend yield of 14.5%. This is a boost from North European Oil Royality Trust’s previous quarterly dividend of $0.26. The ex-dividend date of this dividend was Friday, November 14th. North European Oil Royality Trust’s dividend payout ratio (DPR) is currently 151.22%.

Institutional Trading of North European Oil Royality Trust

Institutional investors have recently bought and sold shares of the company. Jane Street Group LLC acquired a new position in North European Oil Royality Trust in the 1st quarter worth about $60,000. Susquehanna International Group LLP bought a new stake in shares of North European Oil Royality Trust in the 3rd quarter valued at approximately $134,000. Bank of America Corp DE increased its holdings in North European Oil Royality Trust by 210.5% in the second quarter. Bank of America Corp DE now owns 29,500 shares of the energy company’s stock worth $148,000 after buying an additional 20,000 shares during the last quarter. Peapack Gladstone Financial Corp increased its holdings in 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 worth $223,000 after buying an additional 16,200 shares during the last quarter. Finally, Kingstone Capital Partners Texas LLC bought a new position in North European Oil Royality Trust during the second quarter valued at approximately $19,341,000. Institutional investors and hedge funds own 6.97% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have weighed in on NRT. Weiss Ratings reissued a “hold (c)” rating on shares of North European Oil Royality Trust in a report on Friday, January 9th. Wall Street Zen upgraded shares of North European Oil Royality Trust from a “hold” rating to a “strong-buy” rating in a report on Saturday, January 3rd. One analyst has rated the stock with a Hold rating, According to MarketBeat.com, the stock has a consensus 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.