North European Oil Royality Trust (NYSE:NRT) Stock Rating Lowered by Wall Street Zen

North European Oil Royality Trust (NYSE:NRT) was downgraded by equities research analysts at Wall Street Zen from a “strong-buy” rating to a “buy” rating in a research report issued to clients and investors 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 data from MarketBeat, North European Oil Royality Trust presently has a consensus rating of “Hold”.

North European Oil Royality Trust Trading Down 2.6%

Shares of NRT stock opened at $9.51 on Friday. The firm has a fifty day moving average price of $8.79 and a 200 day moving average price of $6.94. The company has a market cap of $87.40 million, a P/E ratio of 9.61 and a beta of 0.19. North European Oil Royality Trust has a 12 month low of $4.00 and a 12 month high of $10.49.

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

Insider Transactions 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 that occurred on Tuesday, March 17th. The stock was sold at an average price of $8.62, for a total transaction of $215,500.00. Following the completion of the sale, the insider directly owned 250,000 shares of the company’s stock, valued at $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 available at the SEC website. 3.50% of the stock is owned by company insiders.

Hedge Funds Weigh In On North European Oil Royality Trust

A number of large investors have recently bought and sold shares of the company. Jane Street Group LLC purchased a new position in North European Oil Royality Trust during the first quarter worth about $60,000. Peapack Gladstone Financial Corp grew its holdings in 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 acquiring an additional 16,200 shares during the period. Bank of America Corp DE raised its position in 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 in the last quarter. Susquehanna International Group LLP purchased a new position in North European Oil Royality Trust in the third quarter worth $134,000. Finally, LPL Financial LLC lifted its holdings in North European Oil Royality Trust by 11.2% in the fourth quarter. LPL Financial LLC now owns 30,503 shares of the energy company’s stock valued at $201,000 after acquiring an additional 3,060 shares during the period. Hedge funds and other institutional investors own 6.97% of the company’s stock.

About North European Oil Royality Trust

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.