North European Oil Royalty Trust (NYSE:NRT) Short Interest Update

North European Oil Royalty Trust (NYSE:NRT) saw a large decline in short interest in the month of September. As of September 15th, there was short interest totalling 38,000 shares, a decline of 18.3% from the August 31st total of 46,500 shares. Based on an average daily trading volume, of 44,700 shares, the short-interest ratio is currently 0.9 days. Currently, 0.4% of the company’s shares are sold short.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in North European Oil Royalty Trust stock. Peapack Gladstone Financial Corp bought a new stake in shares of North European Oil Royalty Trust (NYSE:NRT) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 12,500 shares of the energy company’s stock, valued at approximately $73,000. Peapack Gladstone Financial Corp owned approximately 0.14% of North European Oil Royalty Trust at the end of the most recent quarter. Institutional investors and hedge funds own 6.97% of the company’s stock.

North European Oil Royalty Trust Price Performance

Shares of NYSE:NRT traded up $0.13 during trading on Friday, reaching $5.27. 26,701 shares of the company were exchanged, compared to its average volume of 64,581. The business’s fifty day simple moving average is $5.67 and its 200-day simple moving average is $6.28. North European Oil Royalty Trust has a 12-month low of $4.77 and a 12-month high of $12.67. The firm has a market capitalization of $48.43 million, a PE ratio of 4.02 and a beta of 0.81.

North European Oil Royalty Trust (NYSE:NRT) last released its quarterly earnings data on Friday, August 30th. The energy company reported $0.21 EPS for the quarter. The firm had revenue of $2.46 million for the quarter.

North European Oil Royalty Trust Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, August 28th. Investors of record on Friday, August 16th were paid a $0.21 dividend. The ex-dividend date of this dividend was Friday, August 16th. This is a positive change from North European Oil Royalty Trust’s previous quarterly dividend of $0.16. This represents a $0.84 dividend on an annualized basis and a yield of 15.94%. North European Oil Royalty Trust’s dividend payout ratio is 64.12%.

About North European Oil Royalty Trust

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.