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

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

North European Oil Royalty Trust Price Performance

Shares of NYSE NRT opened at $4.86 on Thursday. The company has a 50-day moving average price of $4.37 and a 200-day moving average price of $4.94. The stock has a market capitalization of $44.67 million, a P/E ratio of 9.35 and a beta of 0.76. North European Oil Royalty Trust has a 1 year low of $3.88 and a 1 year high of $8.62.

North European Oil Royalty Trust (NYSE:NRT) last released its quarterly earnings results on Tuesday, December 31st. The energy company reported $0.06 earnings per share (EPS) for the quarter. 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 Increases Dividend

The business 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. This is a positive change from North European Oil Royalty Trust’s previous quarterly dividend of $0.02. This represents a $0.16 dividend on an annualized basis and a yield of 3.29%. The ex-dividend date is Friday, February 14th. North European Oil Royalty Trust’s dividend payout ratio is presently 15.38%.

Hedge Funds Weigh In On North European Oil Royalty Trust

An institutional investor recently bought a new position in North European Oil Royalty Trust stock. Swan Global Investments LLC purchased a new position in shares of North European Oil Royalty Trust (NYSE:NRT) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 31,850 shares of the energy company’s stock, valued at approximately $167,000. 6.97% of the stock is owned by institutional investors and hedge funds.

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.