Enduro Royalty Trust (NDRO) Shares Bought by Bank of New York Mellon Corp

Bank of New York Mellon Corp grew its stake in Enduro Royalty Trust (NYSE:NDRO) by 164.5% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 29,101 shares of the oil and gas producer’s stock after acquiring an additional 18,100 shares during the period. Bank of New York Mellon Corp owned about 0.09% of Enduro Royalty Trust worth $127,000 as of its most recent filing with the SEC.

Separately, Virtu KCG Holdings LLC purchased a new stake in shares of Enduro Royalty Trust in the 2nd quarter valued at approximately $161,000. Hedge funds and other institutional investors own 57.47% of the company’s stock.

Shares of Enduro Royalty Trust (NYSE NDRO) opened at $3.55 on Thursday. The stock has a market cap of $115.50, a P/E ratio of 11.45 and a beta of 0.45. Enduro Royalty Trust has a 52 week low of $2.75 and a 52 week high of $4.45.

Enduro Royalty Trust (NYSE:NDRO) last released its quarterly earnings results on Friday, October 27th. The oil and gas producer reported $0.04 earnings per share (EPS) for the quarter. Enduro Royalty Trust had a net margin of 28.20% and a return on equity of 9.68%.

The firm also recently disclosed a monthly dividend, which was paid on Tuesday, January 16th. Investors of record on Friday, December 29th were issued a $0.0164 dividend. The ex-dividend date of this dividend was Thursday, December 28th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 5.53%. This is a boost from Enduro Royalty Trust’s previous monthly dividend of $0.00. Enduro Royalty Trust’s payout ratio is 64.52%.

Separately, Stifel Nicolaus downgraded shares of Enduro Royalty Trust from a “buy” rating to a “hold” rating and boosted their price target for the company from $3.75 to $4.00 in a research note on Wednesday, September 27th.

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Enduro Royalty Trust Company Profile

Enduro Royalty Trust (the Trust) is a statutory trust formed by Enduro Resource Partners LLC (Enduro), as trustor, The Bank of New York Mellon Trust Company, N.A. (the Trustee), as trustee, and Wilmington Trust Company (the Delaware Trustee), as Delaware Trustee. The Trust was created to acquire and hold for the benefit of the Trust unitholders a net profits interest representing the right to receive approximately 80% of the net profits from the sale of oil and natural gas production from certain properties in the states of Texas, Louisiana and New Mexico held by Enduro as of the date of the conveyance of the net profits interest to the Trust (the Net Profits Interest).

Institutional Ownership by Quarter for Enduro Royalty Trust (NYSE:NDRO)

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