North European Oil Royalty Trust (NYSE:NRT) Releases Earnings Results

North European Oil Royalty Trust (NYSE:NRT) issued its earnings results on Friday. The energy company reported $0.04 earnings per share (EPS) for the quarter, Zacks reports. 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 Stock Performance

Shares of North European Oil Royalty Trust stock traded down $0.11 on Friday, hitting $4.38. The company had a trading volume of 15,694 shares, compared to its average volume of 48,450. The stock has a market capitalization of $40.27 million, a price-to-earnings ratio of 8.43 and a beta of 0.76. The stock has a 50 day moving average of $4.61 and a 200-day moving average of $4.79. North European Oil Royalty Trust has a 1 year low of $3.88 and a 1 year high of $8.62.

North European Oil Royalty Trust Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, February 26th. Stockholders of record on Friday, February 14th were issued a dividend of $0.04 per share. This is a boost from North European Oil Royalty Trust’s previous quarterly dividend of $0.02. This represents a $0.16 dividend on an annualized basis and a dividend yield of 3.65%. The ex-dividend date of this dividend was Friday, February 14th. North European Oil Royalty Trust’s dividend payout ratio (DPR) is currently 30.77%.

Analyst Ratings Changes

Separately, StockNews.com downgraded North European Oil Royalty Trust from a “buy” rating to a “hold” rating in a research note on Saturday, February 22nd.

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.