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

North European Oil Royality Trust (NYSE:NRT) released its earnings results on Tuesday. The energy company reported $0.27 EPS for the quarter, FiscalAI reports. The business had revenue of $2.64 million for the quarter. North European Oil Royality Trust had a net margin of 91.27% and a return on equity of 498.36%.

North European Oil Royality Trust Stock Performance

Shares of NRT stock traded up $0.42 during trading on Tuesday, hitting $9.36. 116,246 shares of the company were exchanged, compared to its average volume of 79,855. The business’s 50-day simple moving average is $8.42 and its 200 day simple moving average is $8.37. North European Oil Royality Trust has a twelve month low of $5.08 and a twelve month high of $10.49. The firm has a market capitalization of $85.98 million, a price-to-earnings ratio of 9.26 and a beta of -0.07.

North European Oil Royality Trust Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, August 31st. Stockholders of record on Monday, August 17th were given a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 11.1%. This is a positive change from North European Oil Royality Trust’s previous quarterly dividend of $0.22. The ex-dividend date of this dividend was Monday, August 17th. North European Oil Royality Trust’s payout ratio is currently 102.97%.

Institutional Trading of North European Oil Royality Trust

A number of institutional investors have recently bought and sold shares of the company. LPL Financial LLC raised its stake in shares of North European Oil Royality Trust by 11.2% during the 4th quarter. LPL Financial LLC now owns 30,503 shares of the energy company’s stock worth $201,000 after purchasing an additional 3,060 shares in the last quarter. Peapack Gladstone Financial Corp raised its position in North European Oil Royality Trust by 11.0% during the fourth quarter. Peapack Gladstone Financial Corp now owns 49,500 shares of the energy company’s stock valued at $326,000 after acquiring an additional 4,900 shares in the last quarter. Private Advisor Group LLC acquired a new stake in North European Oil Royality Trust in the first quarter valued at approximately $108,000. Jane Street Group LLC bought a new stake in North European Oil Royality Trust in the first quarter worth approximately $60,000. Finally, Verdad Advisers LP acquired a new position in shares of North European Oil Royality Trust during the 4th quarter worth $94,000. Institutional investors and hedge funds own 6.97% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on NRT. Wall Street Zen lowered North European Oil Royality Trust from a “strong-buy” rating to a “hold” rating in a research note on Saturday, June 13th. Weiss Ratings upgraded North European Oil Royality Trust from a “hold (c)” rating to a “hold (c+)” rating in a report on Thursday, June 11th. One research analyst has rated the stock with a Hold rating, According to MarketBeat, the company has an average 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.