Zacks Investment Research upgraded shares of Enduro Royalty Trust (NYSE:NDRO) from a sell rating to a hold rating in a research note released on Tuesday morning.

According to Zacks, “Enduro Royalty Trust is formed by Enduro Sponsor to earn net profits interest from the sale of oil and natural gas production from properties located in the states of Texas, Louisiana and New Mexico. Enduro Royalty Trust is based in Austin, Texas. “

Shares of Enduro Royalty Trust (NYSE:NDRO) traded up 1.41% during mid-day trading on Tuesday, hitting $3.60. 1,579 shares of the company were exchanged. The stock has a market cap of $118.80 million, a PE ratio of 12.37 and a beta of 0.66. The stock’s 50-day moving average price is $3.76 and its 200 day moving average price is $3.57. Enduro Royalty Trust has a 12-month low of $1.77 and a 12-month high of $4.55.

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The company also recently disclosed a monthly dividend, which will be paid on Tuesday, January 17th. Investors of record on Friday, December 30th will be issued a $0.014 dividend. The ex-dividend date of this dividend is Wednesday, December 28th. This represents a $0.17 dividend on an annualized basis and a yield of 4.67%.

A number of institutional investors have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. increased its position in Enduro Royalty Trust by 8,771.2% in the second quarter. JPMorgan Chase & Co. now owns 46,219 shares of the company’s stock worth $171,000 after buying an additional 45,698 shares in the last quarter. Wells Fargo & Company MN increased its position in Enduro Royalty Trust by 71.6% in the third quarter. Wells Fargo & Company MN now owns 87,549 shares of the company’s stock worth $311,000 after buying an additional 36,529 shares in the last quarter. Finally, Botty Investors LLC increased its position in Enduro Royalty Trust by 1.9% in the third quarter. Botty Investors LLC now owns 619,031 shares of the company’s stock worth $2,191,000 after buying an additional 11,500 shares in the last quarter. Hedge funds and other institutional investors own 57.94% of the company’s stock.

Enduro Royalty Trust Company Profile

Enduro Royalty Trust (the Trust) is a statutory trust formed by Enduro Resource Partners LLC (Enduro), as trustor, The Bank of New York Mellon Trust Company, N.A. (the Trustee), as trustee, and Wilmington Trust Company (the Delaware Trustee), as Delaware Trustee. The Trust was created to acquire and hold for the benefit of the Trust unitholders a net profits interest representing the right to receive approximately 80% of the net profits from the sale of oil and natural gas production from certain properties in the states of Texas, Louisiana and New Mexico held by Enduro as of the date of the conveyance of the net profits interest to the Trust (the Net Profits Interest).

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