North European Oil Royality Trust (NYSE:NRT) Downgraded to Buy Rating by Wall Street Zen

Wall Street Zen lowered shares of North European Oil Royality Trust (NYSE:NRT) from a strong-buy rating to a buy rating in a report released on Saturday.

Separately, Weiss Ratings reiterated a “hold (c)” rating on shares of North European Oil Royality Trust in a report on Friday, January 9th. One research analyst has rated the stock with a Hold rating, According to MarketBeat.com, the company has an average rating of “Hold”.

North European Oil Royality Trust Stock Down 2.6%

North European Oil Royality Trust stock opened at $9.51 on Friday. The company has a market capitalization of $87.40 million, a PE ratio of 9.61 and a beta of 0.19. The firm has a fifty day simple moving average of $8.79 and a two-hundred day simple moving average of $6.95. North European Oil Royality Trust has a twelve month low of $4.00 and a twelve month high of $10.49.

North European Oil Royality Trust (NYSE:NRT) last announced its quarterly earnings results on Monday, March 2nd. The energy company reported $0.21 earnings per share for the quarter. The business had revenue of $2.21 million during the quarter. North European Oil Royality Trust had a net margin of 92.51% and a return on equity of 516.79%.

North European Oil Royality Trust Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, February 25th. Shareholders of record on Friday, February 13th were paid a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 9.3%. The ex-dividend date was Friday, February 13th. North European Oil Royality Trust’s dividend payout ratio (DPR) is currently 88.89%.

Insider Activity at North European Oil Royality Trust

In other North European Oil Royality Trust news, insider Richard Page Howard sold 25,000 shares of the company’s stock in a transaction dated Tuesday, March 17th. The shares were sold at an average price of $8.62, for a total transaction of $215,500.00. Following the transaction, the insider owned 250,000 shares in the company, valued at approximately $2,155,000. This represents a 9.09% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 3.50% of the stock is owned by company insiders.

Institutional Investors Weigh In On North European Oil Royality Trust

A number of large investors have recently made changes to their positions in the company. Peapack Gladstone Financial Corp increased its stake in shares of North European Oil Royality Trust by 11.0% in the 4th quarter. Peapack Gladstone Financial Corp now owns 49,500 shares of the energy company’s stock worth $326,000 after purchasing an additional 4,900 shares in the last quarter. Advisory Services Network LLC bought a new stake in North European Oil Royality Trust in the 4th quarter valued at $235,000. LPL Financial LLC boosted its holdings in shares of North European Oil Royality Trust by 11.2% during the 4th quarter. LPL Financial LLC now owns 30,503 shares of the energy company’s stock valued at $201,000 after purchasing an additional 3,060 shares during the last quarter. Bank of America Corp DE grew its holdings in North European Oil Royality Trust by 210.5% during the 2nd quarter. Bank of America Corp DE now owns 29,500 shares of the energy company’s stock valued at $148,000 after buying an additional 20,000 shares in the last quarter. Finally, Susquehanna International Group LLP purchased a new stake in shares of North European Oil Royality Trust during the 3rd quarter worth approximately $134,000. 6.97% of the stock is currently owned by institutional investors.

North European Oil Royality Trust Company Profile

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.