North European Oil Royalty Trust (NYSE:NRT – Get Free Report) was the recipient of a significant decline in short interest in the month of October. As of October 15th, there was short interest totalling 23,600 shares, a decline of 36.4% from the September 30th total of 37,100 shares. Based on an average trading volume of 44,300 shares, the short-interest ratio is presently 0.5 days. Currently, 0.3% of the shares of the stock are sold short.
Hedge Funds Weigh In On North European Oil Royalty Trust
A hedge fund recently raised its stake in North European Oil Royalty Trust stock. Comerica Bank lifted its stake in North European Oil Royalty Trust (NYSE:NRT – Free Report) by 141.0% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 4,304 shares of the energy company’s stock after purchasing an additional 2,518 shares during the quarter. Comerica Bank’s holdings in North European Oil Royalty Trust were worth $26,000 as of its most recent filing with the Securities & Exchange Commission. 6.97% of the stock is currently owned by institutional investors and hedge funds.
North European Oil Royalty Trust Trading Up 1.5 %
Shares of North European Oil Royalty Trust stock opened at $5.29 on Friday. North European Oil Royalty Trust has a 52 week low of $4.77 and a 52 week high of $11.89. The company’s 50-day moving average price is $5.29 and its two-hundred day moving average price is $6.19.
North European Oil Royalty Trust Increases Dividend
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, August 28th. Stockholders of record on Friday, August 16th were paid a dividend of $0.21 per share. The ex-dividend date 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 annualized dividend and a dividend yield of 15.88%. North European Oil Royalty Trust’s dividend payout ratio (DPR) is currently 182.61%.
North European Oil Royalty Trust Company Profile
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.
Featured Articles
- Five stocks we like better than North European Oil Royalty Trust
- What Are Some of the Best Large-Cap Stocks to Buy?
- Texas Roadhouse Stock Steering for New Highs This Year
- How Can Retail Investors Trade the Toronto Stock Exchange (TSX)?
- Monopar Therapeutics Skyrockets 400% on Licensing Deal
- How to Most Effectively Use the MarketBeat Earnings Screener
- Tractor Supply Stock Pulls Back: A Prime Buying Opportunity
Receive News & Ratings for North European Oil Royalty Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for North European Oil Royalty Trust and related companies with MarketBeat.com's FREE daily email newsletter.