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

North European Oil Royality Trust (NYSE:NRT) posted its earnings results on Friday. The energy company reported $0.22 earnings per share for the quarter, FiscalAI reports. The firm had revenue of $2.38 million during the quarter. North European Oil Royality Trust had a net margin of 92.51% and a return on equity of 516.79%.

North European Oil Royality Trust Price Performance

NRT stock opened at $8.10 on Friday. The business has a 50-day moving average price of $8.40 and a 200 day moving average price of $8.00. The company has a market capitalization of $74.44 million, a P/E ratio of 8.18 and a beta of -0.05. North European Oil Royality Trust has a 1-year low of $4.65 and a 1-year high of $10.49.

North European Oil Royality Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, May 27th. Investors of record on Wednesday, May 13th were issued a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 10.9%. The ex-dividend date was Wednesday, May 13th. North European Oil Royality Trust’s payout ratio is presently 88.89%.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on NRT. Weiss Ratings reiterated a “hold (c)” rating on shares of North European Oil Royality Trust in a research report on Wednesday, April 8th. Wall Street Zen upgraded North European Oil Royality Trust from a “buy” rating to a “strong-buy” rating in a research report on Saturday, May 2nd. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the company has an average rating of “Hold”.

Insider Buying and Selling at North European Oil Royality Trust

In related news, insider Richard Page Howard sold 25,000 shares of North European Oil Royality Trust stock in a transaction dated Tuesday, March 17th. The stock was sold at an average price of $8.62, for a total value of $215,500.00. Following the completion of the sale, the insider directly owned 250,000 shares in the company, valued at $2,155,000. The trade was a 9.09% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 3.50% of the stock is owned by insiders.

Institutional Trading of North European Oil Royality Trust

Several institutional investors and hedge funds have recently made changes to their positions in the company. Private Advisor Group LLC bought a new stake in shares of North European Oil Royality Trust in the first quarter valued at about $108,000. Verdad Advisers LP bought a new stake in shares of North European Oil Royality Trust in the fourth quarter valued at about $94,000. Advisory Services Network LLC bought a new stake in shares of North European Oil Royality Trust in the fourth quarter valued at about $235,000. Marshall Wace LLP purchased a new position in shares of North European Oil Royality Trust in the 4th quarter worth approximately $96,000. Finally, LPL Financial LLC raised its stake in North European Oil Royality Trust by 11.2% in the fourth quarter. LPL Financial LLC now owns 30,503 shares of the energy company’s stock valued at $201,000 after buying an additional 3,060 shares during the last quarter. 6.97% of the stock is currently owned by institutional investors.

North European Oil Royality Trust Company Profile

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.