North European Oil Royality Trust (NYSE:NRT) Declares $0.22 Quarterly Dividend

by · The Cerbat Gem

North European Oil Royality Trust (NYSE:NRT – Get Free Report) announced a quarterly dividend on Friday, January 30th. Shareholders of record on Friday, February 13th will be paid a dividend of 0.22 per share by the energy company on Wednesday, February 25th. This represents a c) dividend on an annualized basis and a yield of 9.6%. The ex-dividend date of this dividend is Friday, February 13th.

North European Oil Royality Trust has increased its dividend by an average of 0.0%annually over the last three years.

North European Oil Royality Trust Stock Up 0.3%

Shares of North European Oil Royality Trust stock traded up $0.03 on Wednesday, reaching $9.14. 64,199 shares of the stock were exchanged, compared to its average volume of 126,321. North European Oil Royality Trust has a twelve month low of $4.00 and a twelve month high of $9.48. The firm has a market capitalization of $83.95 million, a price-to-earnings ratio of 11.14 and a beta of 0.17. The business has a 50 day moving average price of $7.62 and a two-hundred day moving average price of $6.28.

North European Oil Royality Trust (NYSE:NRT – Get Free Report) last posted its quarterly earnings results on Wednesday, December 31st. The energy company reported $0.32 earnings per share (EPS) for the quarter. The company had revenue of $3.06 million during the quarter. North European Oil Royality Trust had a net margin of 91.78% and a return on equity of 458.25%.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the stock. Susquehanna International Group LLP purchased a new stake in North European Oil Royality Trust during the 3rd quarter worth approximately $134,000. Bank of America Corp DE boosted its stake in shares of North European Oil Royality Trust by 210.5% in the second quarter. Bank of America Corp DE now owns 29,500 shares of the energy company’s stock worth $148,000 after acquiring an additional 20,000 shares during the last quarter. Peapack Gladstone Financial Corp increased its position in shares of North European Oil Royality Trust by 57.0% during the second quarter. Peapack Gladstone Financial Corp now owns 44,600 shares of the energy company’s stock worth $223,000 after purchasing an additional 16,200 shares in the last quarter. Finally, Jane Street Group LLC purchased a new stake in shares of North European Oil Royality Trust during the first quarter worth approximately $60,000. Institutional investors and hedge funds own 6.97% of the company’s stock.

About North European Oil Royality Trust

(Get Free Report)

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.

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