North European Oil Royality Trust (NYSE:NRT) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of North European Oil Royality Trust (NYSE:NRT) to a hold rating in a research note published on Saturday morning.

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 MarketBeat.com, the company currently has an average rating of “Hold”.

North European Oil Royality Trust Price Performance

Shares of NYSE:NRT opened at $5.86 on Friday. The business’s 50 day moving average price is $5.72 and its 200-day moving average price is $5.31. North European Oil Royality Trust has a 1 year low of $3.88 and a 1 year high of $6.95. The firm has a market capitalization of $53.81 million, a price-to-earnings ratio of 10.46 and a beta of 0.02.

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

North European Oil Royality Trust Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 26th. Investors of record on Friday, November 14th will be given a dividend of $0.31 per share. The ex-dividend date is Friday, November 14th. This is a boost from North European Oil Royality Trust’s previous quarterly dividend of $0.26. This represents a $1.24 dividend on an annualized basis and a yield of 21.2%. North European Oil Royality Trust’s dividend payout ratio (DPR) is presently 221.43%.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. Jane Street Group LLC purchased a new stake in shares of North European Oil Royality Trust in the first quarter valued at approximately $60,000. Kingstone Capital Partners Texas LLC acquired a new position in North European Oil Royality Trust during the second quarter worth $19,341,000. Peapack Gladstone Financial Corp grew its holdings in 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 increased 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 worth $148,000 after acquiring an additional 20,000 shares during the last quarter. Finally, Susquehanna International Group LLP acquired a new position in shares of North European Oil Royality Trust during the 3rd quarter valued at about $134,000. 6.97% of the stock is owned by hedge funds and other institutional investors.

About North European Oil Royality 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.