North European Oil Royality Trust (NYSE:NRT) Sees Large Drop in Short Interest

North European Oil Royality Trust (NYSE:NRT) was the recipient of a large decrease in short interest in April. As of April 15th, there was short interest totaling 30,521 shares, a decrease of 20.1% from the March 31st total of 38,183 shares. Based on an average daily trading volume, of 91,211 shares, the days-to-cover ratio is currently 0.3 days. Currently, 0.3% of the shares of the stock are short sold.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the company. Weiss Ratings restated a “hold (c)” rating on shares of North European Oil Royality Trust in a research report on Wednesday, April 8th. Wall Street Zen downgraded shares of North European Oil Royality Trust from a “strong-buy” rating to a “buy” rating in a research note on Saturday, March 21st. One analyst has rated the stock with a Hold rating, According to MarketBeat, the company presently has an average rating of “Hold”.

North European Oil Royality Trust Stock Performance

NYSE NRT traded up $0.06 during mid-day trading on Friday, reaching $8.33. 58,229 shares of the stock were exchanged, compared to its average volume of 74,115. North European Oil Royality Trust has a 1-year low of $4.36 and a 1-year high of $10.49. The business’s fifty day simple moving average is $8.78 and its 200 day simple moving average is $7.62. The stock has a market capitalization of $76.55 million, a PE ratio of 8.41 and a beta of -0.04.

North European Oil Royality Trust (NYSE:NRT) last issued its quarterly earnings results on Monday, March 2nd. The energy company reported $0.21 earnings per share 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 during the quarter.

North European Oil Royality Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 27th. Investors of record on Wednesday, May 13th will be paid a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 10.6%. The ex-dividend date is Wednesday, May 13th. North European Oil Royality Trust’s dividend payout ratio is presently 88.89%.

Insider Buying and Selling

In other North European Oil Royality Trust news, insider Richard Page Howard sold 25,000 shares of the stock in a transaction on Tuesday, March 17th. The stock was sold at an average price of $8.62, for a total transaction of $215,500.00. Following the sale, the insider owned 250,000 shares in the company, valued at approximately $2,155,000. This represents a 9.09% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 3.50% of the company’s stock.

Institutional Trading of North European Oil Royality Trust

A number of hedge funds have recently added to or reduced their stakes in NRT. Jane Street Group LLC purchased a new stake in North European Oil Royality Trust in the 1st quarter valued at about $60,000. Verdad Advisers LP purchased a new position in shares of North European Oil Royality Trust during the 4th quarter worth about $94,000. Marshall Wace LLP acquired a new stake in shares of North European Oil Royality Trust in the fourth quarter worth approximately $96,000. Private Advisor Group LLC purchased a new stake in North European Oil Royality Trust in the first quarter valued at approximately $108,000. Finally, Susquehanna International Group LLP purchased a new stake in North European Oil Royality Trust in the third quarter valued at approximately $134,000. 6.97% of the stock is owned by institutional investors and hedge funds.

About North European Oil Royality Trust

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.