North European Oil Royalty Trust (NYSE:NRT) Cut to Hold at StockNews.com

StockNews.com downgraded shares of North European Oil Royalty Trust (NYSE:NRT) from a buy rating to a hold rating in a report issued on Saturday.

North European Oil Royalty Trust Trading Down 4.8 %

Shares of NYSE:NRT opened at $4.43 on Friday. The stock’s fifty day simple moving average is $4.58 and its two-hundred day simple moving average is $4.80. North European Oil Royalty Trust has a 1-year low of $3.88 and a 1-year high of $8.62. The stock has a market cap of $40.75 million, a PE ratio of 8.53 and a beta of 0.76.

North European Oil Royalty Trust (NYSE:NRT) last issued its quarterly earnings data on Tuesday, December 31st. The energy company reported $0.06 earnings per share 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 firm also recently announced a quarterly dividend, which will be paid on Wednesday, February 26th. Stockholders of record on Friday, February 14th will be paid a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a dividend yield of 3.61%. This is a boost from North European Oil Royalty Trust’s previous quarterly dividend of $0.02. The ex-dividend date of this dividend is Friday, February 14th. North European Oil Royalty Trust’s payout ratio is presently 30.77%.

Institutional Investors Weigh In On North European Oil Royalty Trust

An institutional investor recently bought a new position in North European Oil Royalty Trust stock. Swan Global Investments LLC bought a new position in shares of North European Oil Royalty Trust (NYSE:NRT) during the third quarter, according to its most recent filing with the SEC. The fund bought 31,850 shares of the energy company’s stock, valued at approximately $167,000. 6.97% of the stock is currently owned by 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.