North European Oil Royality Trust (NYSE:NRT) Announces Quarterly Earnings Results

North European Oil Royality Trust (NYSE:NRT) released its quarterly earnings data on Friday. The energy company reported $0.22 earnings per share (EPS) for the quarter, FiscalAI reports. North European Oil Royality Trust had a net margin of 92.51% and a return on equity of 516.79%. The company had revenue of $2.38 million during the quarter.

North European Oil Royality Trust Stock Down 2.2%

NYSE NRT opened at $8.10 on Friday. The stock has a market capitalization of $74.44 million, a P/E ratio of 8.02 and a beta of -0.05. North European Oil Royality Trust has a 52-week low of $4.65 and a 52-week high of $10.49. The firm has a 50-day moving average price of $8.40 and a 200 day moving average price of $8.00.

North European Oil Royality Trust Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, May 27th. Investors of record on Wednesday, May 13th were issued a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 10.9%. The ex-dividend date of this dividend was Wednesday, May 13th. North European Oil Royality Trust’s dividend payout ratio is currently 88.89%.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the stock. Weiss Ratings restated a “hold (c)” rating on shares of North European Oil Royality Trust in a research note on Wednesday, April 8th. Wall Street Zen upgraded shares of North European Oil Royality Trust from a “buy” rating to a “strong-buy” rating in a research note on Saturday, May 2nd. One investment analyst has rated the stock with a Hold rating, According to MarketBeat.com, North European Oil Royality Trust has an average rating of “Hold”.

Insider Transactions at North European Oil Royality Trust

In related news, insider Richard Page Howard sold 25,000 shares of the stock in a transaction dated Tuesday, March 17th. The shares were sold at an average price of $8.62, for a total transaction of $215,500.00. Following the completion of the transaction, the insider directly owned 250,000 shares of the company’s stock, valued at $2,155,000. This represents a 9.09% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. 3.50% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. Jane Street Group LLC purchased a new position in North European Oil Royality Trust during the first quarter worth about $60,000. Verdad Advisers LP purchased a new position in North European Oil Royality Trust during the fourth quarter worth about $94,000. Marshall Wace LLP purchased a new position in North European Oil Royality Trust during the fourth quarter worth about $96,000. Private Advisor Group LLC purchased a new position in North European Oil Royality Trust in the first quarter valued at about $108,000. Finally, Susquehanna International Group LLP purchased a new position in North European Oil Royality Trust in the third quarter valued at about $134,000. 6.97% of the stock is owned by hedge funds and other institutional investors.

North European Oil Royality Trust Company Profile

North European Oil Royalty Trust (NYSE: NRT) is a statutory trust that holds an overriding royalty interest in a diversified portfolio of oil and natural gas properties located in the United Kingdom sector of the North Sea. The trust’s sole business is to receive royalty revenues from production activities on its underlying fields and distribute those revenues directly to unitholders. It does not engage in exploration, drilling or field operations.

Under the terms of its governing agreement, the trust is entitled to a fixed percentage of net production revenues, after the deduction of operating and administrative expenses, from a series of established oil and gas fields in the North Sea region.