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

North European Oil Royality Trust (NYSE:NRT) announced its earnings results on Monday. The energy company reported $0.21 earnings per share for the quarter, FiscalAI reports. North European Oil Royality Trust had a return on equity of 458.25% and a net margin of 91.78%.The firm had revenue of $2.21 million for the quarter.

North European Oil Royality Trust Stock Performance

Shares of NYSE NRT traded up $0.93 during trading on Monday, hitting $9.01. The company had a trading volume of 165,895 shares, compared to its average volume of 118,817. The company has a market cap of $82.76 million, a P/E ratio of 10.98 and a beta of 0.17. The business’s 50-day moving average is $8.15 and its 200 day moving average is $6.56. North European Oil Royality Trust has a 52 week low of $4.00 and a 52 week high of $9.48.

North European Oil Royality Trust Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 25th. Shareholders of record on Friday, February 13th were given a $0.22 dividend. The ex-dividend date was Friday, February 13th. This represents a $0.88 annualized dividend and a yield of 9.8%. North European Oil Royality Trust’s payout ratio is 107.32%.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. Weiss Ratings reissued a “hold (c)” rating on shares of North European Oil Royality Trust in a research note on Friday, January 9th. Wall Street Zen upgraded shares of North European Oil Royality Trust from a “hold” rating to a “strong-buy” rating in a research note on Saturday, January 3rd. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, North European Oil Royality Trust currently has a consensus rating of “Hold”.

Hedge Funds Weigh In On North European Oil Royality Trust

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Jane Street Group LLC acquired a new stake in North European Oil Royality Trust during the 1st quarter worth about $60,000. Peapack Gladstone Financial Corp increased its position in shares of North European Oil Royality Trust by 57.0% in the second quarter. Peapack Gladstone Financial Corp now owns 44,600 shares of the energy company’s stock worth $223,000 after acquiring an additional 16,200 shares in the last quarter. Bank of America Corp DE raised its holdings in shares of North European Oil Royality Trust by 210.5% during the second quarter. Bank of America Corp DE now owns 29,500 shares of the energy company’s stock valued at $148,000 after acquiring an additional 20,000 shares during the period. Susquehanna International Group LLP acquired a new stake in shares of North European Oil Royality Trust during the third quarter valued at approximately $134,000. Finally, LPL Financial LLC lifted its position in shares of North European Oil Royality Trust by 11.2% in the 4th quarter. LPL Financial LLC now owns 30,503 shares of the energy company’s stock valued at $201,000 after acquiring an additional 3,060 shares in the last quarter. Institutional investors and hedge funds 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.