North European Oil Royalty Trust (NYSE:NRT) Sees Significant Decrease in Short Interest

North European Oil Royalty Trust (NYSE:NRT) was the recipient of a significant drop in short interest in the month of February. As of February 28th, there was short interest totalling 58,300 shares, a drop of 29.8% from the February 13th total of 83,100 shares. Based on an average daily trading volume, of 50,600 shares, the days-to-cover ratio is presently 1.2 days. Currently, 0.7% of the shares of the company are short sold.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded shares of North European Oil Royalty Trust from a “buy” rating to a “hold” rating in a report on Tuesday, March 4th.

Hedge Funds Weigh In On North European Oil Royalty Trust

A hedge fund recently raised its stake in North European Oil Royalty Trust stock. Swan Global Investments LLC lifted its holdings in North European Oil Royalty Trust (NYSE:NRT) by 102.8% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 64,600 shares of the energy company’s stock after purchasing an additional 32,750 shares during the quarter. Swan Global Investments LLC owned 0.70% of North European Oil Royalty Trust worth $261,000 at the end of the most recent quarter. Institutional investors and hedge funds own 6.97% of the company’s stock.

North European Oil Royalty Trust Trading Up 0.5 %

North European Oil Royalty Trust stock traded up $0.02 during mid-day trading on Friday, hitting $4.30. The stock had a trading volume of 29,753 shares, compared to its average volume of 53,580. North European Oil Royalty Trust has a one year low of $3.88 and a one year high of $8.62. The firm has a market capitalization of $39.52 million, a P/E ratio of 8.27 and a beta of 0.60. The firm’s 50 day moving average is $4.67 and its 200 day moving average is $4.68.

North European Oil Royalty Trust (NYSE:NRT) last released its quarterly earnings data on Friday, February 28th. The energy company reported $0.04 earnings per share for the quarter. The firm had revenue of $0.51 million during the quarter. North European Oil Royalty Trust had a return on equity of 537.09% and a net margin of 87.43%.

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 issued a dividend of $0.04 per share. This is a positive change from North European Oil Royalty Trust’s previous quarterly dividend of $0.02. This represents a $0.16 dividend on an annualized basis and a yield of 3.72%. The ex-dividend date was Friday, February 14th. North European Oil Royalty Trust’s dividend payout ratio (DPR) is 31.37%.

About North European Oil Royalty Trust

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.