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

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

Institutional Inflows and Outflows

A hedge fund recently bought a new position in North European Oil Royality Trust stock. Private Advisor Group LLC acquired a new position in shares of North European Oil Royality Trust (NYSE:NRT) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 12,000 shares of the energy company’s stock, valued at approximately $108,000. Private Advisor Group LLC owned approximately 0.13% of North European Oil Royality Trust at the end of the most recent reporting period. 6.97% of the stock is owned by hedge funds and other institutional investors.

North European Oil Royality Trust Stock Up 1.4%

Shares of NRT stock opened at $8.54 on Friday. The business’s fifty day moving average is $8.77 and its 200 day moving average is $8.34. The stock has a market cap of $78.54 million, a price-to-earnings ratio of 8.38 and a beta of 0.18. North European Oil Royality Trust has a twelve month low of $5.23 and a twelve month high of $10.49.

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

North European Oil Royality Trust Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, August 31st. Investors of record on Monday, August 17th were paid a $0.26 dividend. This represents a $1.04 annualized dividend and a dividend yield of 12.2%. The ex-dividend date was Monday, August 17th. This is a positive change from North European Oil Royality Trust’s previous quarterly dividend of $0.22. North European Oil Royality Trust’s dividend payout ratio (DPR) is 101.96%.

Analysts Set New Price Targets

Separately, Weiss Ratings upgraded North European Oil Royality Trust from a “hold (c+)” rating to a “buy (b-)” rating in a report on Tuesday, September 22nd. One investment analyst has rated the stock with a Buy rating. Based on data from MarketBeat, the stock currently has an average rating of “Buy”.

About North European Oil Royality Trust

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.