North European Oil Royality Trust (NRT) To Go Ex-Dividend on August 17th

North European Oil Royality Trust (NYSE:NRT) declared a quarterly dividend on Thursday, July 30th. Investors of record on Monday, August 17th will be paid a dividend of 0.26 per share by the energy company on Monday, August 31st. This represents a c) dividend on an annualized basis and a dividend yield of 11.7%. The ex-dividend date of this dividend is Monday, August 17th. This is a 18.2% increase from North European Oil Royality Trust’s previous quarterly dividend of $0.22.

North European Oil Royality Trust has raised its dividend by an average of 0.0%per year over the last three years.

North European Oil Royality Trust Stock Down 1.9%

Shares of North European Oil Royality Trust stock opened at $8.93 on Friday. North European Oil Royality Trust has a 12-month low of $4.90 and a 12-month high of $10.49. The firm has a market capitalization of $82.03 million, a PE ratio of 8.84 and a beta of -0.07. The stock’s fifty day moving average is $7.95 and its 200-day moving average is $8.38.

North European Oil Royality Trust (NYSE:NRT) last released its quarterly earnings results on Friday, June 5th. The energy company reported $0.22 earnings per share for the quarter. The business had revenue of $2.38 million during the quarter. North European Oil Royality Trust had a return on equity of 498.36% and a net margin of 91.27%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of NRT. Private Advisor Group LLC acquired a new position in North European Oil Royality Trust during the first quarter valued at $108,000. Jane Street Group LLC acquired a new stake in North European Oil Royality Trust during the 1st quarter worth about $60,000. Verdad Advisers LP acquired a new stake in North European Oil Royality Trust during the 4th quarter worth about $94,000. Marshall Wace LLP purchased a new position in North European Oil Royality Trust during the 4th quarter valued at about $96,000. Finally, Susquehanna International Group LLP purchased a new position in North European Oil Royality Trust during the 3rd quarter valued at about $134,000. Hedge funds and other institutional investors own 6.97% of the company’s stock.

About North European Oil Royality Trust

North European Oil Royalty Trust (NYSE: NRT) is a statutory trust that holds an overriding royalty interest in a diversified portfolio of oil and natural gas properties located in the United Kingdom sector of the North Sea. The trust’s sole business is to receive royalty revenues from production activities on its underlying fields and distribute those revenues directly to unitholders. It does not engage in exploration, drilling or field operations.

Under the terms of its governing agreement, the trust is entitled to a fixed percentage of net production revenues, after the deduction of operating and administrative expenses, from a series of established oil and gas fields in the North Sea region.