Investors Buy Large Volume of North European Oil Royality Trust Put Options (NYSE:NRT)

North European Oil Royality Trust (NYSE:NRT) was the target of some unusual options trading on Friday. Stock investors purchased 2,030 put options on the stock. This represents an increase of 6,900% compared to the typical volume of 29 put options.

Institutional Trading of North European Oil Royality Trust

Institutional investors and hedge funds have recently bought and sold shares of the stock. Susquehanna International Group LLP acquired a new stake in shares of North European Oil Royality Trust in the third quarter valued at about $134,000. Bank of America Corp DE lifted its stake 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 purchasing an additional 20,000 shares during the period. Peapack Gladstone Financial Corp increased its holdings in North European Oil Royality Trust by 57.0% in the second quarter. Peapack Gladstone Financial Corp now owns 44,600 shares of the energy company’s stock worth $223,000 after purchasing an additional 16,200 shares in the last quarter. Kingstone Capital Partners Texas LLC bought a new position in shares of North European Oil Royality Trust during the 2nd quarter worth approximately $19,341,000. Finally, Jane Street Group LLC acquired a new stake in shares of North European Oil Royality Trust during the 1st quarter worth approximately $60,000. 6.97% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “hold (c)” rating on shares of North European Oil Royality Trust in a research report on Tuesday, October 14th. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, North European Oil Royality Trust presently has an average rating of “Hold”.

North European Oil Royality Trust Stock Performance

Shares of NRT traded up $0.03 during trading hours on Friday, reaching $5.72. The stock had a trading volume of 4,791 shares, compared to its average volume of 40,793. North European Oil Royality Trust has a 12 month low of $3.88 and a 12 month high of $6.95. The stock has a market capitalization of $52.53 million, a PE ratio of 10.21 and a beta of 0.02. The company’s 50-day moving average is $5.70 and its two-hundred day moving average is $5.29.

North European Oil Royality Trust (NYSE:NRT) last issued its quarterly earnings data on Friday, August 29th. The energy company reported $0.26 earnings per share for the quarter. North European Oil Royality Trust had a return on equity of 343.87% and a net margin of 88.33%.The business had revenue of $2.62 million for the quarter.

North European Oil Royality Trust Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 26th. Shareholders of record on Friday, November 14th will be issued a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a yield of 21.7%. The ex-dividend date of this dividend is Friday, November 14th. This is a positive change from North European Oil Royality Trust’s previous quarterly dividend of $0.26. North European Oil Royality Trust’s payout ratio is presently 221.43%.

North European Oil Royality 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.