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 Saturday morning.

North European Oil Royalty Trust Trading Down 3.3 %

Shares of NYSE:NRT opened at $4.65 on Friday. The stock’s fifty day simple moving average is $4.57 and its two-hundred day simple moving average is $4.82. North European Oil Royalty Trust has a 1-year low of $3.88 and a 1-year high of $8.62. The stock has a market cap of $42.73 million, a PE ratio of 8.94 and a beta of 0.76.

North European Oil Royalty Trust (NYSE:NRT) last issued its quarterly earnings data on Tuesday, December 31st. The energy company reported $0.06 earnings per share 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 issued a $0.04 dividend. This is an increase 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 dividend yield of 3.44%. The ex-dividend date is Friday, February 14th. North European Oil Royalty Trust’s payout ratio is 30.77%.

Hedge Funds Weigh In On North European Oil Royalty Trust

A hedge fund recently raised its stake in North European Oil Royalty Trust stock. Peapack Gladstone Financial Corp increased its stake in North European Oil Royalty Trust (NYSE:NRT) by 34.5% during the third quarter, according to its most recent filing with the SEC. The fund owned 19,500 shares of the energy company’s stock after buying an additional 5,000 shares during the quarter. Peapack Gladstone Financial Corp owned 0.21% of North European Oil Royalty Trust worth $102,000 at the end of the most recent quarter. 6.97% of the stock is currently 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.