North European Oil Royalty Trust (NYSE:NRT) Now Covered by Analysts at StockNews.com

StockNews.com initiated coverage on shares of North European Oil Royalty Trust (NYSE:NRT) in a research report report published on Wednesday. The brokerage issued a hold rating on the energy company’s stock.

North European Oil Royalty Trust Price Performance

Shares of NRT opened at $4.65 on Wednesday. The company has a market cap of $42.74 million, a PE ratio of 8.94 and a beta of 0.31. The firm has a 50-day moving average of $4.46 and a 200-day moving average of $4.50. 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 issued its earnings results on Friday, February 28th. The energy company reported $0.04 earnings per share (EPS) for the quarter. The business had revenue of $0.51 million during 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 firm also recently declared a quarterly dividend, which was paid on Wednesday, February 26th. Investors of record on Friday, February 14th were paid a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a yield of 3.44%. The ex-dividend date was Friday, February 14th. This is a boost from North European Oil Royalty Trust’s previous quarterly dividend of $0.02. North European Oil Royalty Trust’s dividend payout ratio is 31.37%.

Hedge Funds Weigh In On North European Oil Royalty Trust

An institutional investor recently raised its position in North European Oil Royalty Trust stock. Peapack Gladstone Financial Corp grew its position in North European Oil Royalty Trust (NYSE:NRT) by 38.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 27,000 shares of the energy company’s stock after purchasing 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 SEC filing. Hedge funds and other institutional investors own 6.97% of the company’s stock.

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.