North European Oil Royalty Trust (NYSE:NRT) Cut to “Hold” at StockNews.com

StockNews.com downgraded shares of North European Oil Royalty Trust (NYSE:NRT) from a buy rating to a hold rating in a research note published on Thursday morning.

North European Oil Royalty Trust Price Performance

NYSE NRT opened at $4.86 on Thursday. The business’s fifty day moving average is $4.37 and its 200-day moving average is $4.94. The stock has a market capitalization of $44.67 million, a price-to-earnings ratio of 9.35 and a beta of 0.76. North European Oil Royalty Trust has a one year low of $3.88 and a one year high of $8.62.

North European Oil Royalty Trust (NYSE:NRT) last posted its quarterly earnings data on Tuesday, December 31st. The energy company reported $0.06 earnings per share (EPS) for the quarter. North European Oil Royalty Trust had a net margin of 87.43% and a return on equity of 537.09%.

North European Oil Royalty Trust Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, February 26th. Shareholders of record on Friday, February 14th will be paid a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a yield of 3.29%. This is a boost from North European Oil Royalty Trust’s previous quarterly dividend of $0.02. The ex-dividend date is Friday, February 14th. North European Oil Royalty Trust’s payout ratio is presently 15.38%.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in North European Oil Royalty Trust stock. Peapack Gladstone Financial Corp raised its stake in North European Oil Royalty Trust (NYSE:NRT) by 34.5% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 19,500 shares of the energy company’s stock after acquiring an additional 5,000 shares during the quarter. Peapack Gladstone Financial Corp owned approximately 0.21% of North European Oil Royalty Trust worth $102,000 as of its most recent filing with the Securities & Exchange Commission. 6.97% of the stock is owned by institutional investors.

About North European Oil Royalty 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.