North European Oil Royality Trust (NYSE:NRT) Announces Earnings Results

North European Oil Royality Trust (NYSE:NRT) issued its quarterly earnings data on Tuesday. The energy company reported $0.27 EPS for the quarter, FiscalAI reports. The company had revenue of $2.64 million for the quarter. North European Oil Royality Trust had a return on equity of 496.34% and a net margin of 91.06%.

North European Oil Royality Trust Trading Down 1.8%

NRT stock opened at $9.20 on Thursday. North European Oil Royality Trust has a 12-month low of $5.08 and a 12-month high of $10.49. The stock has a market cap of $84.55 million, a price-to-earnings ratio of 9.02 and a beta of -0.07. The business’s 50-day moving average is $8.50 and its 200 day moving average is $8.38.

North European Oil Royality Trust Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, August 31st. Investors of record on Monday, August 17th were paid a $0.26 dividend. The ex-dividend date of this dividend was Monday, August 17th. This represents a $1.04 dividend on an annualized basis and a yield of 11.3%. This is a boost from North European Oil Royality Trust’s previous quarterly dividend of $0.22. North European Oil Royality Trust’s dividend payout ratio is 102.97%.

Hedge Funds Weigh In On North European Oil Royality Trust

A number of hedge funds have recently made changes to their positions in NRT. Peapack Gladstone Financial Corp lifted its position in shares of North European Oil Royality Trust by 11.0% in the fourth quarter. Peapack Gladstone Financial Corp now owns 49,500 shares of the energy company’s stock valued at $326,000 after acquiring an additional 4,900 shares in the last quarter. Advisory Services Network LLC purchased a new stake in shares of North European Oil Royality Trust during the fourth quarter worth approximately $235,000. LPL Financial LLC raised its stake in North European Oil Royality Trust by 11.2% in the 4th quarter. LPL Financial LLC now owns 30,503 shares of the energy company’s stock valued at $201,000 after purchasing an additional 3,060 shares during the last quarter. Bank of America Corp DE lifted its holdings in North European Oil Royality Trust by 210.5% in 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 acquired a new stake in North European Oil Royality Trust during the 3rd quarter worth $134,000. Institutional investors and hedge funds own 6.97% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on NRT. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of North European Oil Royality Trust in a research note on Tuesday. Wall Street Zen cut shares of North European Oil Royality Trust from a “strong-buy” rating to a “hold” rating in a research note on Saturday, June 13th. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock has an average rating of “Hold”.

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.