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

North European Oil Royality Trust (NYSE:NRT) was upgraded by Wall Street Zen to a “hold” rating in a research report issued to clients and investors on Saturday.

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

North European Oil Royality Trust Stock Up 0.6%

NYSE:NRT opened at $5.73 on Friday. The business’s 50-day moving average price is $5.71 and its 200 day moving average price is $5.30. North European Oil Royality Trust has a 52-week low of $3.88 and a 52-week high of $6.95. The firm has a market cap 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 earnings per share for the quarter. The company had revenue of $2.62 million during the quarter. North European Oil Royality Trust had a net margin of 88.33% and a return on equity of 343.87%.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Jane Street Group LLC acquired a new stake in shares of North European Oil Royality Trust during the first quarter valued at approximately $60,000. Susquehanna International Group LLP acquired a new stake in North European Oil Royality Trust during the 3rd quarter valued at $134,000. Bank of America Corp DE raised its stake 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 valued at $148,000 after purchasing an additional 20,000 shares during the period. Peapack Gladstone Financial Corp lifted its holdings in shares of North European Oil Royality Trust by 57.0% in the second 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 in the last quarter. Finally, Kingstone Capital Partners Texas LLC acquired a new stake in shares of North European Oil Royality Trust in the second quarter worth $19,341,000. 6.97% of the stock is owned by hedge funds and other 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.