Peapack Gladstone Financial Corp Increases Holdings in North European Oil Royalty Trust (NYSE:NRT)

Peapack Gladstone Financial Corp raised its holdings in shares of North European Oil Royalty Trust (NYSE:NRT) by 38.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 27,000 shares of the energy company’s stock after buying an additional 7,500 shares during the quarter. Peapack Gladstone Financial Corp owned about 0.29% of North European Oil Royalty Trust worth $109,000 as of its most recent filing with the Securities & Exchange Commission.

Separately, Swan Global Investments LLC boosted its holdings in shares of North European Oil Royalty Trust by 102.8% in the 4th quarter. Swan Global Investments LLC now owns 64,600 shares of the energy company’s stock worth $261,000 after purchasing an additional 32,750 shares in the last quarter. Hedge funds and other institutional investors own 6.97% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered North European Oil Royalty Trust from a “buy” rating to a “hold” rating in a research note on Tuesday, March 4th.

North European Oil Royalty Trust Stock Up 4.6 %

North European Oil Royalty Trust stock opened at $4.28 on Thursday. The company has a market capitalization of $39.34 million, a P/E ratio of 8.23 and a beta of 0.31. The stock’s 50 day moving average is $4.60 and its 200 day moving average is $4.58. North European Oil Royalty Trust has a twelve month low of $3.88 and a twelve month high of $8.62.

North European Oil Royalty Trust (NYSE:NRT) last issued its earnings results on Friday, February 28th. The energy company reported $0.04 EPS for the quarter. The business had revenue of $0.51 million for the quarter. North European Oil Royalty Trust had a return on equity of 537.09% and a net margin of 87.43%.

North European Oil Royalty Trust Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, February 26th. Investors of record on Friday, February 14th were issued a $0.04 dividend. 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 yield of 3.74%. The ex-dividend date was Friday, February 14th. North European Oil Royalty Trust’s dividend payout ratio (DPR) is currently 31.37%.

North European Oil Royalty Trust 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.