North European Oil Royality Trust (NYSE:NRT) Stock Short Interest Report for September

North European Oil Royality Trust (NYSE:NRT) saw a large decrease in short interest during the month of September. As of September 30th, there was short interest totaling 34,954 shares, a decrease of 37.2% from the September 15th total of 55,693 shares. Based on an average daily volume of 27,208 shares, the short-interest ratio is presently 1.3 days. Currently, 0.4% of the company’s stock are short sold.

Institutional Trading of North European Oil Royality Trust

An institutional investor recently bought a new stake in North European Oil Royality Trust stock. Private Advisor Group LLC purchased a new stake in North European Oil Royality Trust (NYSE:NRT) during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 12,000 shares of the energy company’s stock, valued at approximately $108,000. Private Advisor Group LLC owned 0.13% of North European Oil Royality Trust as of its most recent SEC filing. 6.97% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Separately, Weiss Ratings raised shares of North European Oil Royality Trust from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Tuesday, September 22nd. One equities research analyst has rated the stock with a Buy rating. According to MarketBeat, the company presently has a consensus rating of “Buy”.

North European Oil Royality Trust Trading Up 1.4%

NRT stock traded up $0.12 during trading on Friday, hitting $8.54. 10,654 shares of the company’s stock were exchanged, compared to its average volume of 24,173. The business has a 50-day moving average price of $8.77 and a two-hundred day moving average price of $8.34. The stock has a market capitalization of $78.53 million, a price-to-earnings ratio of 8.38 and a beta of 0.18. North European Oil Royality Trust has a 52-week low of $5.23 and a 52-week high of $10.49.

North European Oil Royality Trust (NYSE:NRT) last announced its quarterly earnings results on Tuesday, September 8th. The energy company reported $0.27 EPS for the quarter. North European Oil Royality Trust had a net margin of 91.06% and a return on equity of 491.20%. The company had revenue of $2.64 million for the quarter.

North European Oil Royality Trust Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, August 31st. Investors of record on Monday, August 17th were given a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a yield of 12.2%. This is a boost from North European Oil Royality Trust’s previous quarterly dividend of $0.22. The ex-dividend date of this dividend was Monday, August 17th. North European Oil Royality Trust’s dividend payout ratio is presently 101.96%.

North European Oil Royality Trust Company Profile

North European Oil Royalty Trust (NYSE:NRT) is a grantor trust that holds royalty interests in certain oil and natural gas properties in Germany. The trust does not explore for, produce, or market hydrocarbons itself; instead, it receives royalty payments based on production from the underlying properties.

The trust’s interests are associated with German mineral properties and concessions, including assets located primarily in northern Germany. Its distributions are therefore influenced by the volume of oil and natural gas produced from those properties, as well as applicable royalty arrangements and commodity-market conditions.

North European Oil Royalty Trust was established in 1975 and is managed through a trustee structure rather than as a conventional operating company.