North European Oil Royalty Trust (NYSE:NRT) Upgraded at StockNews.com

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

North European Oil Royalty Trust Trading Up 5.3 %

NYSE:NRT opened at $4.75 on Wednesday. The stock has a fifty day moving average price of $4.19 and a 200 day moving average price of $5.20. North European Oil Royalty Trust has a 12-month low of $3.88 and a 12-month high of $8.62. The firm has a market cap of $43.65 million, a PE ratio of 10.33 and a beta of 0.76.

North European Oil Royalty Trust (NYSE:NRT) last issued its quarterly earnings results on Tuesday, December 31st. The energy company reported $0.06 earnings per share (EPS) for the quarter.

North European Oil Royalty Trust Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Friday, November 15th were paid a $0.02 dividend. The ex-dividend date of this dividend was Friday, November 15th. This represents a $0.08 annualized dividend and a yield of 1.68%. North European Oil Royalty Trust’s dividend payout ratio is presently 17.39%.

Hedge Funds Weigh In On North European Oil Royalty Trust

A hedge fund recently bought a new stake in North European Oil Royalty Trust stock. Swan Global Investments LLC acquired a new stake in North European Oil Royalty Trust (NYSE:NRT) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 31,850 shares of the energy company’s stock, valued at approximately $167,000. 6.97% of the stock is currently owned by hedge funds and other institutional investors.

North European Oil Royalty 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.