North European Oil Royality Trust (NYSE:NRT) Rating Increased to Hold at Wall Street Zen

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

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

North European Oil Royality Trust Price Performance

North European Oil Royality Trust stock opened at $5.73 on Friday. The stock’s 50 day moving average is $5.71 and its 200 day moving average is $5.30. North European Oil Royality Trust has a one year low of $3.88 and a one year high of $6.95. The firm has a market cap of $52.62 million, a P/E ratio of 10.22 and a beta of 0.02.

North European Oil Royality Trust (NYSE:NRT) last released its quarterly earnings results on Friday, August 29th. The energy company reported $0.26 earnings per share (EPS) for the quarter. The firm 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 $0.31 dividend. This represents a $1.24 annualized dividend 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 221.43%.

Institutional Trading of North European Oil Royality Trust

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Jane Street Group LLC bought a new position in shares of North European Oil Royality Trust in the first quarter valued at approximately $60,000. Peapack Gladstone Financial Corp grew its holdings in North European Oil Royality Trust by 57.0% during the second quarter. Peapack Gladstone Financial Corp now owns 44,600 shares of the energy company’s stock worth $223,000 after buying an additional 16,200 shares in the last quarter. Bank of America Corp DE raised its position in 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 buying an additional 20,000 shares during the last quarter. Susquehanna International Group LLP purchased a new stake in North European Oil Royality Trust in the 3rd quarter valued at $134,000. Finally, Kingstone Capital Partners Texas LLC bought a new position in North European Oil Royality Trust during the 2nd quarter valued at $19,341,000. 6.97% of the stock is owned by institutional investors.

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.