North European Oil Royality Trust (NYSE:NRT) Given “Hold (C)” Rating at Weiss Ratings

Weiss Ratings restated their hold (c) rating on shares of North European Oil Royality Trust (NYSE:NRT) in a research report released on Tuesday,Weiss Ratings reports.

North European Oil Royality Trust Stock Up 0.2%

NRT opened at $5.39 on Tuesday. North European Oil Royality Trust has a twelve month low of $3.88 and a twelve month high of $5.87. The company has a fifty day moving average of $5.34 and a 200-day moving average of $5.00. The stock has a market cap of $49.53 million and a PE ratio of 9.63.

North European Oil Royality Trust (NYSE:NRT) last posted its quarterly earnings data on Friday, August 29th. The energy company reported $0.26 earnings per share for the quarter. North European Oil Royality Trust had a net margin of 88.33% and a return on equity of 343.87%. The company had revenue of $2.62 million during the quarter.

North European Oil Royality Trust Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, August 27th. Investors of record on Friday, August 15th were paid a dividend of $0.26 per share. This is a boost from North European Oil Royality Trust’s previous quarterly dividend of $0.20. This represents a $1.04 annualized dividend and a yield of 19.3%. The ex-dividend date of this dividend was Friday, August 15th. North European Oil Royality Trust’s payout ratio is currently 185.71%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Jane Street Group LLC bought a new position in North European Oil Royality Trust during the first quarter worth $60,000. Bank of America Corp DE boosted its stake in North European Oil Royality Trust by 210.5% during the second 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 in the last quarter. Peapack Gladstone Financial Corp boosted its stake in North European Oil Royality Trust by 57.0% during the second quarter. Peapack Gladstone Financial Corp now owns 44,600 shares of the energy company’s stock worth $223,000 after acquiring an additional 16,200 shares in the last quarter. Finally, Kingstone Capital Partners Texas LLC bought a new position in North European Oil Royality Trust during the second quarter worth $19,341,000. 6.97% of the stock is owned by institutional investors.

North European Oil Royality 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.