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

North European Oil Royality Trust (NYSE:NRT) was the recipient of a significant decrease in short interest during the month of April. As of April 15th, there was short interest totaling 30,521 shares, a decrease of 20.1% from the March 31st total of 38,183 shares. Currently, 0.3% of the company’s shares are sold short. Based on an average daily volume of 91,211 shares, the days-to-cover ratio is presently 0.3 days.

Analysts Set New Price Targets

Several equities analysts recently commented on NRT shares. Weiss Ratings reiterated a “hold (c)” rating on shares of North European Oil Royality Trust in a research note on Wednesday, April 8th. Wall Street Zen upgraded North European Oil Royality Trust from a “buy” rating to a “strong-buy” rating in a research note on Saturday. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the company presently has an average rating of “Hold”.

North European Oil Royality Trust Trading Up 0.7%

NYSE:NRT traded up $0.06 on Friday, hitting $8.33. 58,229 shares of the stock were exchanged, compared to its average volume of 74,115. The stock has a market cap of $76.56 million, a PE ratio of 8.41 and a beta of 0.12. The stock has a fifty day moving average of $8.78 and a 200-day moving average of $7.62. North European Oil Royality Trust has a fifty-two week low of $4.36 and a fifty-two week high of $10.49.

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

North European Oil Royality Trust Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 27th. Shareholders of record on Wednesday, May 13th will be paid a dividend of $0.22 per share. The ex-dividend date is Wednesday, May 13th. This represents a $0.88 annualized dividend and a yield of 10.6%. North European Oil Royality Trust’s dividend payout ratio is currently 88.89%.

Insider Buying and Selling

In related news, insider Richard Page Howard sold 25,000 shares of the company’s stock in a transaction on Tuesday, March 17th. The stock was sold at an average price of $8.62, for a total value of $215,500.00. Following the completion of the transaction, the insider directly owned 250,000 shares in the company, valued at approximately $2,155,000. This represents a 9.09% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 3.50% of the company’s stock.

Institutional Investors Weigh In On North European Oil Royality Trust

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Jane Street Group LLC purchased a new stake in shares of North European Oil Royality Trust in the first quarter worth about $60,000. Verdad Advisers LP purchased a new stake in shares of North European Oil Royality Trust in the fourth quarter worth about $94,000. Marshall Wace LLP purchased a new stake in shares of North European Oil Royality Trust in the fourth quarter worth about $96,000. Private Advisor Group LLC purchased a new stake in shares of North European Oil Royality Trust in the first quarter worth about $108,000. Finally, Susquehanna International Group LLP purchased a new stake in shares of North European Oil Royality Trust in the third quarter worth about $134,000. 6.97% of the stock is currently owned by institutional investors and hedge funds.

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.