North European Oil Royalty Trust (NYSE:NRT) Lowered to Hold Rating by StockNews.com

StockNews.com cut shares of North European Oil Royalty Trust (NYSE:NRT) from a buy rating to a hold rating in a research note published on Saturday morning.

North European Oil Royalty Trust Stock Down 3.3 %

Shares of NRT stock opened at $4.65 on Friday. The company has a market cap of $42.73 million, a price-to-earnings ratio of 8.94 and a beta of 0.76. North European Oil Royalty Trust has a 52 week low of $3.88 and a 52 week high of $8.62. The firm has a 50 day moving average of $4.57 and a 200-day moving average of $4.82.

North European Oil Royalty Trust (NYSE:NRT) last announced its quarterly earnings data on Tuesday, December 31st. The energy company reported $0.06 EPS for 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 will be paid on Wednesday, February 26th. Investors of record on Friday, February 14th will be given a $0.04 dividend. The ex-dividend date of this dividend is Friday, February 14th. This represents a $0.16 annualized dividend and a yield of 3.44%. This is an increase from North European Oil Royalty Trust’s previous quarterly dividend of $0.02. North European Oil Royalty Trust’s dividend payout ratio (DPR) is presently 30.77%.

Institutional Trading of North European Oil Royalty Trust

An institutional investor recently raised its position in North European Oil Royalty Trust stock. Swan Global Investments LLC boosted its holdings in North European Oil Royalty Trust (NYSE:NRT) by 102.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 64,600 shares of the energy company’s stock after purchasing an additional 32,750 shares during the quarter. Swan Global Investments LLC owned about 0.70% of North European Oil Royalty Trust worth $261,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 6.97% of the company’s stock.

North European Oil Royalty 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.