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

Key Points

• Short interest fell 37.2% to 34,954 shares as of September 30, representing 0.4% of shares outstanding and a short-interest ratio of 1.3 days.
• North European Oil Royalty Trust reported quarterly revenue of $2.64 million and EPS of $0.27, while increasing its quarterly dividend to $0.26, equivalent to a 12.4% annualized yield.
• Investor sentiment improved as Private Advisor Group LLC acquired 12,000 shares and Weiss Ratings upgraded the trust from “hold” to “buy”; the stock had a consensus “Buy” rating.

North European Oil Royality Trust (NYSE:NRT - Get Free Report) saw a significant 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 shares of the company are short sold. Based on an average daily volume of 27,208 shares, the short-interest ratio is presently 1.3 days.

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 bought a new stake in shares of North European Oil Royality Trust (NYSE:NRT - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 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 as of its most recent filing with the Securities and Exchange Commission. Hedge funds and other institutional investors own 6.97% of the company's stock.

North European Oil Royality Trust Trading Up 0.4%

North European Oil Royality Trust stock opened at $8.41 on Friday. The firm has a 50 day moving average of $8.78 and a 200 day moving average of $8.34. The firm has a market capitalization of $77.30 million, a price-to-earnings ratio of 8.22 and a beta of 0.18. North European Oil Royality Trust has a 12-month low of $5.23 and a 12-month high of $10.49.

North European Oil Royality Trust (NYSE:NRT - Get Free Report) last released its 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 company also recently disclosed a quarterly dividend, which was paid on Monday, August 31st. Stockholders of record on Monday, August 17th were paid a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 12.4%. 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 currently 101.96%.

Wall Street Analyst Weigh In

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

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.

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