North European Oil Royalty Trust (NYSE:NRT) Upgraded at StockNews.com

StockNews.com upgraded shares of North European Oil Royalty Trust (NYSE:NRT) from a hold rating to a buy rating in a research report sent to investors on Friday morning.

North European Oil Royalty Trust Stock Performance

Shares of NYSE NRT opened at $4.79 on Friday. North European Oil Royalty Trust has a fifty-two week low of $3.88 and a fifty-two week high of $8.62. The firm has a market capitalization of $44.02 million, a PE ratio of 9.21 and a beta of 0.76. The stock’s 50-day simple moving average is $4.47 and its 200-day simple moving average is $4.89.

North European Oil Royalty Trust (NYSE:NRT) last issued its earnings results 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 company also recently declared a quarterly dividend, which will be paid on Wednesday, February 26th. Shareholders of record on Friday, February 14th will be given a dividend of $0.04 per share. This is a positive change from North European Oil Royalty Trust’s previous quarterly dividend of $0.02. The ex-dividend date is Friday, February 14th. This represents a $0.16 annualized dividend and a yield of 3.34%. North European Oil Royalty Trust’s payout ratio is 15.38%.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in North European Oil Royalty Trust stock. Swan Global Investments LLC boosted its position in shares of North European Oil Royalty Trust (NYSE:NRT) by 102.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 64,600 shares of the energy company’s stock after buying an additional 32,750 shares during the period. Swan Global Investments LLC owned 0.70% of North European Oil Royalty Trust worth $261,000 as of its most recent SEC filing. Hedge funds and other institutional investors own 6.97% of the company’s stock.

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.