North European Oil Royalty Trust (NYSE:NRT) Announces Earnings Results

North European Oil Royalty Trust (NYSE:NRT) posted its quarterly earnings results on Friday. The energy company reported $0.04 earnings per share (EPS) for the quarter, Zacks reports. The company 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 Price Performance

Shares of North European Oil Royalty Trust stock opened at $4.41 on Friday. North European Oil Royalty Trust has a 52-week low of $3.88 and a 52-week high of $8.62. The company’s fifty day moving average price is $4.62 and its two-hundred day moving average price is $4.78. The firm has a market capitalization of $40.57 million, a PE ratio of 8.49 and a beta of 0.76.

North European Oil Royalty Trust Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, February 26th. Investors of record on Friday, February 14th were given a $0.04 dividend. This is a boost from North European Oil Royalty Trust’s previous quarterly dividend of $0.02. This represents a $0.16 annualized dividend and a yield of 3.62%. The ex-dividend date of this dividend was Friday, February 14th. North European Oil Royalty Trust’s dividend payout ratio (DPR) is 30.77%.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered North European Oil Royalty Trust from a “buy” rating to a “hold” rating in a research note on Saturday, February 22nd.

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.