North European Oil Royality Trust (NYSE:NRT) Short Interest Up 25.5% in March

North European Oil Royality Trust (NYSE:NRT) saw a large increase in short interest in the month of March. As of March 13th, there was short interest totaling 33,852 shares, an increase of 25.5% from the February 26th total of 26,982 shares. Currently, 0.4% of the company’s shares are sold short. Based on an average daily volume of 164,280 shares, the days-to-cover ratio is presently 0.2 days.

North European Oil Royality Trust Stock Down 0.2%

Shares of NYSE:NRT traded down $0.02 on Monday, hitting $9.18. The company had a trading volume of 69,579 shares, compared to its average volume of 120,988. The firm’s 50-day simple moving average is $8.86 and its two-hundred day simple moving average is $7.11. The firm has a market capitalization of $84.35 million, a price-to-earnings ratio of 9.24 and a beta of 0.19. North European Oil Royality Trust has a 1 year low of $4.00 and a 1 year high of $10.49.

North European Oil Royality Trust (NYSE:NRT) last released its quarterly earnings results on Monday, March 2nd. The energy company reported $0.21 earnings per share (EPS) for the quarter. The company had revenue of $2.21 million during the quarter. North European Oil Royality Trust had a net margin of 92.51% and a return on equity of 516.79%.

North European Oil Royality Trust Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, February 25th. Stockholders of record on Friday, February 13th were given a $0.22 dividend. The ex-dividend date of this dividend was Friday, February 13th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 9.6%. North European Oil Royality Trust’s dividend payout ratio is currently 88.89%.

Insider Buying and Selling

In other North European Oil Royality Trust news, insider Richard Page Howard sold 25,000 shares of the business’s stock in a transaction on Tuesday, March 17th. The shares were sold at an average price of $8.62, for a total value of $215,500.00. Following the completion of the sale, the insider directly owned 250,000 shares of the company’s stock, valued at $2,155,000. The trade was a 9.09% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 3.50% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the business. Advisory Services Network LLC purchased a new stake in North European Oil Royality Trust in the fourth quarter worth about $235,000. Susquehanna International Group LLP purchased a new position in shares of North European Oil Royality Trust during the third quarter valued at approximately $134,000. Bank of America Corp DE boosted its position in shares of North European Oil Royality Trust by 210.5% in the 2nd quarter. Bank of America Corp DE now owns 29,500 shares of the energy company’s stock worth $148,000 after purchasing an additional 20,000 shares in the last quarter. Peapack Gladstone Financial Corp boosted its position in shares of North European Oil Royality Trust by 57.0% in the 2nd quarter. Peapack Gladstone Financial Corp now owns 44,600 shares of the energy company’s stock worth $223,000 after purchasing an additional 16,200 shares in the last quarter. Finally, Marshall Wace LLP purchased a new stake in shares of North European Oil Royality Trust in the 4th quarter worth approximately $96,000. 6.97% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have weighed in on NRT shares. Wall Street Zen downgraded North European Oil Royality Trust from a “strong-buy” rating to a “buy” rating in a research report on Saturday, March 21st. Weiss Ratings restated a “hold (c)” rating on shares of North European Oil Royality Trust in a report on Friday, January 9th. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, North European Oil Royality Trust has an average 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.