Swan Global Investments LLC Purchases 32,750 Shares of North European Oil Royalty Trust (NYSE:NRT)

Swan Global Investments LLC increased its stake in North European Oil Royalty Trust (NYSE:NRT) by 102.8% during the 4th quarter, HoldingsChannel reports. 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’s holdings in North European Oil Royalty Trust were worth $261,000 as of its most recent filing with the Securities and Exchange Commission.

Separately, Peapack Gladstone Financial Corp boosted its holdings in North European Oil Royalty Trust by 34.5% in the third quarter. Peapack Gladstone Financial Corp now owns 19,500 shares of the energy company’s stock worth $102,000 after purchasing an additional 5,000 shares during the last quarter. Institutional investors and hedge funds own 6.97% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut shares of North European Oil Royalty Trust from a “buy” rating to a “hold” rating in a report on Tuesday, March 4th.

North European Oil Royalty Trust Trading Down 3.3 %

Shares of NRT stock opened at $4.80 on Friday. North European Oil Royalty Trust has a 12-month low of $3.88 and a 12-month high of $8.62. The firm’s 50 day moving average is $4.67 and its 200 day moving average is $4.65. The stock has a market capitalization of $44.07 million, a P/E ratio of 9.22 and a beta of 0.60.

North European Oil Royalty Trust (NYSE:NRT) last issued its quarterly earnings results on Friday, February 28th. The energy company reported $0.04 earnings per share for the quarter. The business had revenue of $0.51 million for the quarter. North European Oil Royalty Trust had a net margin of 87.43% and a return on equity of 537.09%.

North European Oil Royalty Trust Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 26th. Stockholders of record on Friday, February 14th were paid a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a dividend yield of 3.34%. The ex-dividend date was Friday, February 14th. This is a boost from North European Oil Royalty Trust’s previous quarterly dividend of $0.02. North European Oil Royalty Trust’s dividend payout ratio (DPR) is currently 31.37%.

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.