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

Posted by ABMN Staff on Sep 2nd, 2024

North European Oil Royalty Trust (NYSE:NRT – Get Free Report) issued its earnings results on Friday. The energy company reported $0.21 earnings per share (EPS) for the quarter, reports. The business had revenue of $2.46 million for the quarter.

North European Oil Royalty Trust Price Performance

Shares of North European Oil Royalty Trust stock opened at $5.68 on Monday. North European Oil Royalty Trust has a 1 year low of $4.77 and a 1 year high of $12.67. The firm has a fifty day moving average price of $6.13 and a 200 day moving average price of $6.34.

North European Oil Royalty Trust Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, August 28th. Investors of record on Friday, August 16th were issued a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 14.79%. The ex-dividend date was Friday, August 16th. This is a boost from North European Oil Royalty Trust’s previous quarterly dividend of $0.16. North European Oil Royalty Trust’s dividend payout ratio (DPR) is 64.12%.

Institutional Inflows and Outflows

An institutional investor recently raised its position in North European Oil Royalty Trust stock. Comerica Bank raised its position in North European Oil Royalty Trust (NYSE:NRT – Free Report) by 141.0% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 4,304 shares of the energy company’s stock after buying an additional 2,518 shares during the period. Comerica Bank’s holdings in North European Oil Royalty Trust were worth $26,000 at the end of the most recent quarter. 6.97% of the stock is owned by institutional investors and hedge funds.

North European Oil Royalty Trust Company Profile

(Get Free Report)

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.