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

StockNews.com cut shares of North European Oil Royalty Trust (NYSE:NRT) from a buy rating to a hold rating in a research note released on Tuesday.

North European Oil Royalty Trust Stock Down 4.5 %

Shares of NRT stock opened at $4.25 on Tuesday. North European Oil Royalty Trust has a 12-month low of $3.88 and a 12-month high of $8.62. The company has a market capitalization of $39.06 million, a P/E ratio of 8.17 and a beta of 0.76. The firm has a 50-day moving average price of $4.66 and a 200 day moving average price of $4.74.

North European Oil Royalty Trust (NYSE:NRT) last announced its quarterly earnings results on Friday, February 28th. The energy company reported $0.04 earnings per share (EPS) for the quarter. 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 during the quarter.

North European Oil Royalty Trust Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, February 26th. Shareholders of record on Friday, February 14th were paid a $0.04 dividend. The ex-dividend date was Friday, February 14th. This is an increase from North European Oil Royalty Trust’s previous quarterly dividend of $0.02. This represents a $0.16 dividend on an annualized basis and a dividend yield of 3.76%. North European Oil Royalty Trust’s payout ratio is currently 31.37%.

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 bought a new position in North European Oil Royalty Trust (NYSE:NRT) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (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.

About North European Oil Royalty Trust

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.