North European Oil Royalty Trust (NYSE:NRT) Issues Earnings Results

North European Oil Royalty Trust (NYSE:NRT) announced its quarterly earnings results on Friday. The energy company reported $0.04 EPS for the quarter, Zacks reports. 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 Price Performance

Shares of NYSE NRT traded down $0.09 during trading hours on Friday, hitting $4.41. 15,427 shares of the company’s stock were exchanged, compared to its average volume of 48,429. The company’s 50-day moving average price is $4.61 and its 200-day moving average price is $4.79. North European Oil Royalty Trust has a 1-year low of $3.88 and a 1-year high of $8.62. The stock has a market capitalization of $40.49 million, a price-to-earnings ratio of 8.47 and a beta of 0.76.

North European Oil Royalty Trust Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 26th. Stockholders of record on Friday, February 14th were given a $0.04 dividend. This is an increase from North European Oil Royalty Trust’s previous quarterly dividend of $0.02. This represents a $0.16 annualized dividend and a dividend yield of 3.63%. The ex-dividend date was Friday, February 14th. North European Oil Royalty Trust’s dividend payout ratio (DPR) is currently 30.77%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded shares of North European Oil Royalty Trust from a “buy” rating to a “hold” rating in a report on Saturday, February 22nd.

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.