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

North European Oil Royality Trust (NYSE:NRT) announced its quarterly earnings data on Friday. The energy company reported $0.22 earnings per share for the quarter, FiscalAI reports. North European Oil Royality Trust had a return on equity of 516.79% and a net margin of 92.51%.The company had revenue of $2.38 million for the quarter.

North European Oil Royality Trust Stock Down 2.2%

Shares of NRT stock traded down $0.18 on Friday, reaching $8.10. 14,681 shares of the stock were exchanged, compared to its average volume of 96,740. The stock has a market cap of $74.45 million, a P/E ratio of 8.18 and a beta of -0.05. The firm has a 50 day moving average of $8.42 and a two-hundred day moving average of $8.00. North European Oil Royality Trust has a 1-year low of $4.65 and a 1-year high of $10.49.

North European Oil Royality Trust Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, May 27th. Shareholders of record on Wednesday, May 13th were paid a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 10.9%. The ex-dividend date of this dividend was Wednesday, May 13th. North European Oil Royality Trust’s dividend payout ratio is currently 88.89%.

Insider Activity at North European Oil Royality Trust

In other news, insider Richard Page Howard sold 25,000 shares of the company’s stock in a transaction on Tuesday, March 17th. The stock was sold at an average price of $8.62, for a total transaction of $215,500.00. Following the completion of the sale, the insider directly owned 250,000 shares in the company, valued at $2,155,000. This represents a 9.09% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. 3.50% of the stock is currently owned by insiders.

Institutional Trading of North European Oil Royality Trust

Several large investors have recently added to or reduced their stakes in the stock. Private Advisor Group LLC acquired a new stake in North European Oil Royality Trust in the 1st quarter valued at $108,000. Verdad Advisers LP acquired a new stake in North European Oil Royality Trust in the 4th quarter valued at $94,000. Advisory Services Network LLC purchased a new position in North European Oil Royality Trust in the 4th quarter valued at about $235,000. Marshall Wace LLP purchased a new position in North European Oil Royality Trust in the 4th quarter valued at about $96,000. Finally, LPL Financial LLC boosted its position in North European Oil Royality Trust by 11.2% in the 4th quarter. LPL Financial LLC now owns 30,503 shares of the energy company’s stock valued at $201,000 after buying an additional 3,060 shares during the last quarter. 6.97% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on NRT shares. Wall Street Zen raised North European Oil Royality Trust from a “buy” rating to a “strong-buy” rating in a research note on Saturday, May 2nd. Weiss Ratings reissued a “hold (c)” rating on shares of North European Oil Royality Trust in a research note on Wednesday, April 8th. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the company presently 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.