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

North European Oil Royality Trust (NYSE:NRT) posted its earnings results on Friday. The energy company reported $0.26 earnings per share for the quarter, Zacks reports. North European Oil Royality Trust had a net margin of 88.34% and a return on equity of 379.51%.

North European Oil Royality Trust Stock Performance

NRT opened at $5.34 on Friday. The stock has a market capitalization of $49.07 million, a P/E ratio of 10.47 and a beta of 0.08. The company’s 50-day simple moving average is $5.14 and its two-hundred day simple moving average is $4.83. North European Oil Royality Trust has a 52-week low of $3.88 and a 52-week high of $5.90.

North European Oil Royality Trust Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, August 27th. Investors of record on Friday, August 15th were paid a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a yield of 19.5%. The ex-dividend date was Friday, August 15th. This is a positive change from North European Oil Royality Trust’s previous quarterly dividend of $0.20. North European Oil Royality Trust’s dividend payout ratio (DPR) is presently 203.92%.

Institutional Investors Weigh In On North European Oil Royality Trust

Hedge funds and other institutional investors have recently made changes to their positions in the business. Jane Street Group LLC purchased a new stake in shares of North European Oil Royality Trust during the 1st quarter valued at about $60,000. Bank of America Corp DE grew its holdings 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 buying an additional 20,000 shares in the last quarter. Finally, Peapack Gladstone Financial Corp grew its holdings in North European Oil Royality Trust by 57.0% during the 2nd quarter. Peapack Gladstone Financial Corp now owns 44,600 shares of the energy company’s stock valued at $223,000 after buying an additional 16,200 shares in the last quarter. Hedge funds and other institutional investors own 6.97% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen assumed coverage on shares of North European Oil Royality Trust in a research report on Friday, May 16th. They set a “buy” rating for the company.

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.