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

North European Oil Royality Trust (NYSE:NRT) released its earnings results on Wednesday. The energy company reported $0.32 EPS for the quarter, Zacks reports. North European Oil Royality Trust had a return on equity of 343.87% and a net margin of 88.33%.

North European Oil Royality Trust Price Performance

North European Oil Royality Trust stock traded down $0.03 during trading hours on Wednesday, reaching $6.57. The company had a trading volume of 55,375 shares, compared to its average volume of 41,205. The firm has a market cap of $60.38 million, a price-to-earnings ratio of 11.73 and a beta of 0.08. The company has a 50-day moving average price of $6.15 and a 200 day moving average price of $5.56. North European Oil Royality Trust has a 12-month low of $3.90 and a 12-month high of $6.95.

North European Oil Royality Trust Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, November 26th. Investors of record on Friday, November 14th were issued a dividend of $0.31 per share. The ex-dividend date was Friday, November 14th. This represents a $1.24 annualized dividend and a yield of 18.9%. This is a boost from North European Oil Royality Trust’s previous quarterly dividend of $0.26. North European Oil Royality Trust’s dividend payout ratio (DPR) is currently 221.43%.

Institutional Trading of North European Oil Royality Trust

Several large investors have recently bought and sold shares of NRT. Jane Street Group LLC purchased a new position in North European Oil Royality Trust during the first quarter valued at $60,000. Susquehanna International Group LLP bought a new stake in North European Oil Royality Trust during the 3rd quarter valued at approximately $134,000. Bank of America Corp DE raised its stake in 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 purchasing an additional 20,000 shares in the last quarter. Finally, Peapack Gladstone Financial Corp raised its position in shares of 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. 6.97% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts recently commented on the stock. Weiss Ratings reaffirmed a “hold (c)” rating on shares of North European Oil Royality Trust in a research report on Tuesday, October 14th. Wall Street Zen upgraded shares of North European Oil Royality Trust to a “hold” rating in a research report on Saturday, November 22nd. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat.com, the stock presently has a consensus rating of “Hold”.

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.