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

North European Oil Royality Trust (NYSE:NRT) released its earnings results on Tuesday. The energy company reported $0.27 earnings per share for the quarter, FiscalAI reports. The business had revenue of $2.64 million during the quarter. North European Oil Royality Trust had a net margin of 91.27% and a return on equity of 498.36%.

North European Oil Royality Trust Stock Performance

Shares of NRT stock opened at $9.36 on Wednesday. North European Oil Royality Trust has a 52 week low of $5.08 and a 52 week high of $10.49. The company has a market capitalization of $85.97 million, a price-to-earnings ratio of 9.26 and a beta of -0.07. The company has a 50-day simple moving average of $8.46 and a 200 day simple moving average of $8.38.

North European Oil Royality Trust Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, August 31st. Investors of record on Monday, August 17th were issued a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a dividend yield of 11.1%. The ex-dividend date of this dividend was Monday, August 17th. This is a positive change from North European Oil Royality Trust’s previous quarterly dividend of $0.22. North European Oil Royality Trust’s payout ratio is presently 102.97%.

Institutional Investors Weigh In On North European Oil Royality Trust

Hedge funds have recently bought and sold shares of the stock. Jane Street Group LLC acquired a new position in shares of North European Oil Royality Trust in the first quarter valued at approximately $60,000. Peapack Gladstone Financial Corp lifted its holdings in North European Oil Royality Trust by 57.0% during the 2nd 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 during the last quarter. Bank of America Corp DE lifted its holdings in North European Oil Royality Trust by 210.5% during the 2nd quarter. Bank of America Corp DE now owns 29,500 shares of the energy company’s stock worth $148,000 after purchasing an additional 20,000 shares during the last quarter. Susquehanna International Group LLP acquired a new stake in North European Oil Royality Trust during the 3rd quarter worth approximately $134,000. Finally, LPL Financial LLC boosted its stake in North European Oil Royality Trust by 11.2% in the 4th quarter. LPL Financial LLC now owns 30,503 shares of the energy company’s stock valued at $201,000 after purchasing an additional 3,060 shares during the period. 6.97% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

NRT has been the subject of a number of recent analyst reports. Weiss Ratings upgraded shares of North European Oil Royality Trust from a “hold (c)” rating to a “hold (c+)” rating in a research note on Thursday, June 11th. Wall Street Zen cut shares of North European Oil Royality Trust from a “strong-buy” rating to a “hold” rating in a report on Saturday, June 13th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold”.

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.