North European Oil Royality Trust (NYSE:NRT - Get Free Report) was the recipient of a large increase in short interest in the month of September. As of September 15th, there was short interest totaling 65,700 shares, an increase of 167.1% from the August 31st total of 24,600 shares. Based on an average daily trading volume, of 34,600 shares, the short-interest ratio is currently 1.9 days. Currently, 0.7% of the company's stock are short sold. Currently, 0.7% of the company's stock are short sold. Based on an average daily trading volume, of 34,600 shares, the short-interest ratio is currently 1.9 days.
North European Oil Royality Trust Stock Up 1.0%
Shares of NRT opened at $5.60 on Friday. North European Oil Royality Trust has a fifty-two week low of $3.88 and a fifty-two week high of $5.87. The firm's 50 day moving average price is $5.29 and its 200 day moving average price is $4.96. The company has a market cap of $51.42 million and a P/E ratio of 9.99.
North European Oil Royality Trust (NYSE:NRT - Get Free Report) last announced its quarterly earnings data on Friday, August 29th. The energy company reported $0.26 EPS for the quarter. North European Oil Royality Trust had a net margin of 88.33% and a return on equity of 343.87%. The company had revenue of $2.62 million for the quarter.
North European Oil Royality Trust Increases Dividend
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, August 27th. Shareholders of record on Friday, August 15th were given a $0.26 dividend. The ex-dividend date of this dividend was Friday, August 15th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 18.6%. This is a boost from North European Oil Royality Trust's previous quarterly dividend of $0.20. North European Oil Royality Trust's payout ratio is currently 185.71%.
Institutional Investors Weigh In On North European Oil Royality Trust
Large investors have recently modified their holdings of the company. Kingstone Capital Partners Texas LLC purchased a new stake in shares of North European Oil Royality Trust in the 2nd quarter valued at approximately $19,341,000. Peapack Gladstone Financial Corp boosted its holdings 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 valued at $223,000 after buying an additional 16,200 shares in the last quarter. Bank of America Corp DE boosted its holdings 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 valued at $148,000 after buying an additional 20,000 shares in the last quarter. Finally, Jane Street Group LLC acquired a new position in shares of North European Oil Royality Trust in the 1st quarter valued at $60,000. 6.97% of the stock is owned by hedge funds and other institutional investors.
About North European Oil Royality Trust
(
Get Free Report)
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.
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