North European Oil Royality Trust (NYSE:NRT) Upgraded to “Strong-Buy” at Wall Street Zen

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

Separately, Weiss Ratings restated a “hold (c)” rating on shares of North European Oil Royality Trust in a research note on Wednesday, April 8th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat, the stock has an average rating of “Hold”.

North European Oil Royality Trust Trading Up 0.7%

Shares of NYSE:NRT opened at $8.33 on Friday. North European Oil Royality Trust has a 12-month low of $4.36 and a 12-month high of $10.49. The business’s fifty day simple moving average is $8.78 and its 200-day simple moving average is $7.64. The company has a market capitalization of $76.55 million, a PE ratio of 8.41 and a beta of -0.04.

North European Oil Royality Trust (NYSE:NRT) last announced its quarterly earnings results on Monday, March 2nd. The energy company reported $0.21 earnings per share (EPS) for the quarter. North European Oil Royality Trust had a return on equity of 516.79% and a net margin of 92.51%.The business had revenue of $2.21 million for the quarter.

North European Oil Royality Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 27th. Investors of record on Wednesday, May 13th will be paid a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 10.6%. The ex-dividend date is Wednesday, May 13th. North European Oil Royality Trust’s payout ratio is 88.89%.

Insiders Place Their Bets

In related news, insider Richard Page Howard sold 25,000 shares of the business’s stock in a transaction on Tuesday, March 17th. The stock was sold at an average price of $8.62, for a total transaction of $215,500.00. Following the transaction, the insider directly owned 250,000 shares in the company, valued at $2,155,000. The trade was a 9.09% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 3.50% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Peapack Gladstone Financial Corp grew its stake in North European Oil Royality Trust by 11.0% during the 4th quarter. Peapack Gladstone Financial Corp now owns 49,500 shares of the energy company’s stock worth $326,000 after buying an additional 4,900 shares during the last quarter. Advisory Services Network LLC acquired a new stake in North European Oil Royality Trust during the 4th quarter worth about $235,000. LPL Financial LLC lifted its position in North European Oil Royality Trust by 11.2% during the 4th quarter. LPL Financial LLC now owns 30,503 shares of the energy company’s stock worth $201,000 after acquiring an additional 3,060 shares during the period. Bank of America Corp DE lifted its position in 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 worth $148,000 after acquiring an additional 20,000 shares during the period. Finally, Susquehanna International Group LLP acquired a new stake in North European Oil Royality Trust during the 3rd quarter worth about $134,000. 6.97% of the stock is currently owned by hedge funds and other institutional investors.

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.