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

North European Oil Royalty Trust (NYSE:NRT) posted its quarterly earnings results on Friday. The energy company reported $0.04 EPS for the quarter, Zacks reports. North European Oil Royalty Trust had a net margin of 87.43% and a return on equity of 537.09%. The firm had revenue of $0.51 million for the quarter.

North European Oil Royalty Trust Trading Down 1.7 %

Shares of NRT stock opened at $4.41 on Friday. North European Oil Royalty Trust has a 12-month low of $3.88 and a 12-month high of $8.62. The firm’s 50 day moving average is $4.62 and its 200 day moving average is $4.78. The stock has a market capitalization of $40.57 million, a P/E ratio of 8.49 and a beta of 0.76.

North European Oil Royalty Trust Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, February 26th. Investors of record on Friday, February 14th were issued a $0.04 dividend. The ex-dividend date of this dividend was Friday, February 14th. This represents a $0.16 annualized dividend and a yield of 3.62%. This is a boost from North European Oil Royalty Trust’s previous quarterly dividend of $0.02. North European Oil Royalty Trust’s dividend payout ratio (DPR) is currently 30.77%.

Analyst Ratings Changes

Separately, StockNews.com cut shares of North European Oil Royalty Trust from a “buy” rating to a “hold” rating in a report on Saturday, February 22nd.

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.