North European Oil Royalty Trust (NYSE:NRT) Upgraded by StockNews.com to “Buy” Rating

StockNews.com upgraded shares of North European Oil Royalty Trust (NYSE:NRT) from a hold rating to a buy rating in a research report sent to investors on Friday.

North European Oil Royalty Trust Price Performance

Shares of North European Oil Royalty Trust stock opened at $4.79 on Friday. The business has a 50-day moving average of $4.47 and a 200 day moving average of $4.89. North European Oil Royalty Trust has a 12 month low of $3.88 and a 12 month high of $8.62. The stock has a market capitalization of $44.02 million, a price-to-earnings ratio of 9.21 and a beta of 0.76.

North European Oil Royalty Trust (NYSE:NRT) last announced its earnings results on Tuesday, December 31st. The energy company reported $0.06 EPS for the quarter. North European Oil Royalty Trust had a return on equity of 537.09% and a net margin of 87.43%.

North European Oil Royalty Trust Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, February 26th. Shareholders of record on Friday, February 14th will be given a $0.04 dividend. The ex-dividend date is Friday, February 14th. This represents a $0.16 dividend on an annualized basis and a yield of 3.34%. This is a positive change from North European Oil Royalty Trust’s previous quarterly dividend of $0.02. North European Oil Royalty Trust’s dividend payout ratio (DPR) is currently 15.38%.

Institutional Investors Weigh In On North European Oil Royalty Trust

A hedge fund recently raised its stake in North European Oil Royalty Trust stock. Peapack Gladstone Financial Corp raised its stake in North European Oil Royalty Trust (NYSE:NRT) by 34.5% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,500 shares of the energy company’s stock after purchasing an additional 5,000 shares during the period. Peapack Gladstone Financial Corp owned about 0.21% of North European Oil Royalty Trust worth $102,000 as of its most recent filing with the Securities and Exchange Commission (SEC). 6.97% of the stock is owned by hedge funds and other institutional investors.

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.