North European Oil Royalty Trust (NYSE:NRT) Plans Quarterly Dividend of $0.05

North European Oil Royalty Trust (NYSE:NRTGet Free Report) declared a quarterly dividend on Wednesday, January 31st, Zacks reports. Stockholders of record on Friday, February 16th will be given a dividend of 0.05 per share by the energy company on Wednesday, February 28th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 3.93%. The ex-dividend date is Thursday, February 15th.

North European Oil Royalty Trust Stock Performance

NRT opened at $5.09 on Tuesday. The company has a market cap of $46.78 million, a P/E ratio of 2.25 and a beta of 0.90. North European Oil Royalty Trust has a one year low of $4.77 and a one year high of $16.36. The business’s 50-day simple moving average is $5.76 and its 200-day simple moving average is $9.02.

Wall Street Analyst Weigh In

Separately, TheStreet cut North European Oil Royalty Trust from a “b-” rating to a “c” rating in a research report on Tuesday, January 2nd.

Read Our Latest Analysis on NRT

Institutional Trading of North European Oil Royalty Trust

A number of large investors have recently made changes to their positions in NRT. Advisor Group Holdings Inc. boosted its position in shares of North European Oil Royalty Trust by 34.1% in the 4th quarter. Advisor Group Holdings Inc. now owns 3,929 shares of the energy company’s stock valued at $51,000 after purchasing an additional 1,000 shares during the period. UBS Group AG lifted its position in North European Oil Royalty Trust by 19.6% during the 3rd quarter. UBS Group AG now owns 3,874 shares of the energy company’s stock worth $55,000 after acquiring an additional 635 shares during the period. First Republic Investment Management Inc. acquired a new stake in North European Oil Royalty Trust during the 1st quarter worth approximately $163,000. JPMorgan Chase & Co. purchased a new position in shares of North European Oil Royalty Trust during the 2nd quarter worth approximately $169,000. Finally, BNP Paribas Arbitrage SA purchased a new position in shares of North European Oil Royalty Trust during the 1st quarter worth approximately $265,000. 4.51% 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.

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Dividend History for North European Oil Royalty Trust (NYSE:NRT)

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