North European Oil Royalty Trust (NYSE:NRT) Upgraded to “Buy” at StockNews.com

North European Oil Royalty Trust (NYSE:NRT) was upgraded by StockNews.com from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Wednesday.

North European Oil Royalty Trust Stock Up 3.1 %

North European Oil Royalty Trust stock traded up $0.12 during trading hours on Wednesday, hitting $4.04. 157,888 shares of the company traded hands, compared to its average volume of 60,994. North European Oil Royalty Trust has a 1-year low of $3.88 and a 1-year high of $8.62. The firm has a market cap of $37.13 million, a P/E ratio of 8.78 and a beta of 0.76. The firm’s 50-day simple moving average is $4.22 and its two-hundred day simple moving average is $5.21.

North European Oil Royalty Trust (NYSE:NRT) last released its earnings results on Tuesday, December 31st. The energy company reported $0.06 earnings per share for the quarter.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in North European Oil Royalty Trust stock. Peapack Gladstone Financial Corp boosted its stake in shares of North European Oil Royalty Trust (NYSE:NRT) by 34.5% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 19,500 shares of the energy company’s stock after buying an additional 5,000 shares during the period. Peapack Gladstone Financial Corp owned about 0.21% of North European Oil Royalty Trust worth $102,000 at the end of the most recent reporting period. Hedge funds and other institutional investors own 6.97% of the company’s stock.

North European Oil Royalty Trust Company Profile

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.