North European Oil Royality Trust (NYSE:NRT) Raised to Hold at Wall Street Zen

North European Oil Royality Trust (NYSE:NRT) was upgraded by equities research analysts at Wall Street Zen to a “hold” rating in a research note issued on Saturday.

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

North European Oil Royality Trust Trading Up 0.6%

Shares of NRT stock opened at $5.73 on Friday. North European Oil Royality Trust has a 12-month low of $3.88 and a 12-month high of $6.95. The business’s 50 day moving average is $5.71 and its two-hundred day moving average is $5.30. The company has a market capitalization of $52.62 million, a P/E ratio of 10.22 and a beta of 0.02.

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

Institutional Trading of North European Oil Royality Trust

Hedge funds have recently bought and sold shares of the business. Kingstone Capital Partners Texas LLC purchased a new position in North European Oil Royality Trust during the second quarter worth approximately $19,341,000. Peapack Gladstone Financial Corp raised 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 purchasing an additional 16,200 shares during the period. Bank of America Corp DE grew its stake in shares of 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 buying an additional 20,000 shares during the period. Susquehanna International Group LLP purchased a new stake in shares of North European Oil Royality Trust during the 3rd quarter valued at approximately $134,000. Finally, Jane Street Group LLC purchased a new stake in shares of North European Oil Royality Trust during the 1st quarter valued at approximately $60,000. Institutional investors and hedge funds own 6.97% of the company’s stock.

About North European Oil Royality 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.