North European Oil Royality Trust (NYSE:NRT) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of North European Oil Royality Trust (NYSE:NRT) from a hold rating to a strong-buy rating in a research note published on Saturday.

Separately, Weiss Ratings reissued a “hold (c)” rating on shares of North European Oil Royality Trust in a report on Tuesday, October 14th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the company presently has an average rating of “Hold”.

North European Oil Royality Trust Price Performance

NYSE NRT opened at $7.86 on Friday. The business has a fifty day moving average price of $6.27 and a two-hundred day moving average price of $5.61. The stock has a market capitalization of $72.27 million, a PE ratio of 9.59 and a beta of 0.09. North European Oil Royality Trust has a fifty-two week low of $4.00 and a fifty-two week high of $8.06.

North European Oil Royality Trust (NYSE:NRT) last posted its quarterly earnings results on Wednesday, December 31st. The energy company reported $0.32 EPS for the quarter. North European Oil Royality Trust had a return on equity of 458.25% and a net margin of 91.78%.The company had revenue of $3.06 million during the quarter.

North European Oil Royality Trust Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, November 26th. Shareholders of record on Friday, November 14th were given a $0.31 dividend. This is a boost from North European Oil Royality Trust’s previous quarterly dividend of $0.26. This represents a $1.24 annualized dividend and a yield of 15.8%. The ex-dividend date was Friday, November 14th. North European Oil Royality Trust’s dividend payout ratio is 151.22%.

Institutional Trading of North European Oil Royality Trust

Institutional investors and hedge funds have recently bought and sold shares of the stock. Jane Street Group LLC acquired a new position in North European Oil Royality Trust in the first quarter valued at $60,000. Kingstone Capital Partners Texas LLC bought a new position in shares of North European Oil Royality Trust in the 2nd quarter worth about $19,341,000. Peapack Gladstone Financial Corp lifted its stake in shares of North European Oil Royality Trust by 57.0% in the 2nd quarter. Peapack Gladstone Financial Corp now owns 44,600 shares of the energy company’s stock valued at $223,000 after purchasing an additional 16,200 shares during the period. Bank of America Corp DE boosted its position in shares of 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 valued at $148,000 after purchasing an additional 20,000 shares in the last quarter. Finally, Susquehanna International Group LLP bought a new stake in shares of North European Oil Royality Trust during the 3rd quarter valued at about $134,000. 6.97% of the stock is currently owned by institutional investors and hedge funds.

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.