North European Oil Royality Trust (NYSE:NRT) Short Interest Up 68.1% in July

North European Oil Royality Trust (NYSE:NRT) was the target of a significant increase in short interest in July. As of July 15th, there was short interest totaling 86,678 shares, an increase of 68.1% from the June 30th total of 51,559 shares. Approximately 1.0% of the company’s stock are sold short. Based on an average trading volume of 51,858 shares, the days-to-cover ratio is currently 1.7 days.

Institutional Investors Weigh In On North European Oil Royality Trust

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Advisory Services Network LLC purchased a new position in shares of North European Oil Royality Trust during the 4th quarter valued at approximately $235,000. Susquehanna International Group LLP acquired a new position in shares of North European Oil Royality Trust in the 3rd quarter valued at $134,000. Bank of America Corp DE boosted its holdings in North European Oil Royality Trust by 210.5% during 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 in the last quarter. Peapack Gladstone Financial Corp boosted its holdings in North European Oil Royality Trust by 57.0% during 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 in the last quarter. Finally, Marshall Wace LLP acquired a new stake in North European Oil Royality Trust during the fourth quarter valued at $96,000. Institutional investors and hedge funds own 6.97% of the company’s stock.

North European Oil Royality Trust Stock Performance

Shares of NRT opened at $8.86 on Friday. The stock has a 50-day moving average of $7.74 and a two-hundred day moving average of $8.35. The stock has a market cap of $81.43 million, a P/E ratio of 8.77 and a beta of -0.04. North European Oil Royality Trust has a one year low of $4.76 and a one year high of $10.49.

North European Oil Royality Trust (NYSE:NRT) last released its quarterly earnings data on Friday, June 5th. The energy company reported $0.22 earnings per share for the quarter. The business had revenue of $2.38 million during the quarter. North European Oil Royality Trust had a return on equity of 498.36% and a net margin of 91.27%.

North European Oil Royality Trust Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, August 31st. Shareholders of record on Monday, August 17th will be issued a $0.26 dividend. The ex-dividend date of this dividend is Monday, August 17th. This is a boost from North European Oil Royality Trust’s previous quarterly dividend of $0.22. This represents a $1.04 dividend on an annualized basis and a yield of 11.7%. North European Oil Royality Trust’s dividend payout ratio is presently 87.13%.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on NRT shares. Wall Street Zen downgraded shares of North European Oil Royality Trust from a “strong-buy” rating to a “hold” rating in a report on Saturday, June 13th. Weiss Ratings upgraded shares of North European Oil Royality Trust from a “hold (c)” rating to a “hold (c+)” rating in a research note on Thursday, June 11th. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the stock presently 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.