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

North European Oil Royalty Trust (NYSE:NRT) announced its quarterly earnings results on Friday. The energy company reported $0.04 earnings per share for the quarter, Zacks reports. North European Oil Royalty Trust had a return on equity of 537.09% and a net margin of 87.43%.

North European Oil Royalty Trust Price Performance

NYSE NRT traded down $0.11 during trading hours on Friday, reaching $4.38. 15,694 shares of the stock traded hands, compared to its average volume of 48,450. The stock has a 50 day simple moving average of $4.61 and a two-hundred day simple moving average of $4.79. North European Oil Royalty Trust has a 1 year low of $3.88 and a 1 year high of $8.62. The company has a market cap of $40.27 million, a price-to-earnings ratio of 8.43 and a beta of 0.76.

North European Oil Royalty Trust Increases Dividend

The business 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. The ex-dividend date of this dividend was Friday, February 14th. This is a positive change from North European Oil Royalty Trust’s previous quarterly dividend of $0.02. This represents a $0.16 annualized dividend and a yield of 3.65%. North European Oil Royalty Trust’s payout ratio is 30.77%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered shares of North European Oil Royalty Trust from a “buy” rating to a “hold” rating in a research report 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.