North European Oil Royalty Trust (NYSE:NRT) Upgraded at StockNews.com

StockNews.com upgraded shares of North European Oil Royalty Trust (NYSE:NRT) from a hold rating to a buy rating in a research report sent to investors on Wednesday morning.

North European Oil Royalty Trust Trading Up 5.3 %

Shares of NRT stock opened at $4.75 on Wednesday. North European Oil Royalty Trust has a 12-month low of $3.88 and a 12-month high of $8.62. The company has a market cap of $43.65 million, a price-to-earnings ratio of 10.33 and a beta of 0.76. The stock has a 50 day simple moving average of $4.19 and a 200-day simple moving average of $5.20.

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

North European Oil Royalty Trust Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Friday, November 15th were paid a dividend of $0.02 per share. This represents a $0.08 annualized dividend and a dividend yield of 1.68%. The ex-dividend date of this dividend was Friday, November 15th. North European Oil Royalty Trust’s dividend payout ratio (DPR) is presently 17.39%.

Hedge Funds Weigh In On North European Oil Royalty Trust

A hedge fund recently bought a new stake in North European Oil Royalty Trust stock. Swan Global Investments LLC bought a new position in shares of North European Oil Royalty Trust (NYSE:NRT) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 31,850 shares of the energy company’s stock, valued at approximately $167,000. Institutional investors and hedge funds 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.