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

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

NRT traded down $0.09 during midday trading on Friday, hitting $4.41. 15,427 shares of the company’s stock traded hands, compared to its average volume of 48,429. North European Oil Royalty Trust has a one year low of $3.88 and a one year high of $8.62. The stock’s fifty day simple moving average is $4.61 and its 200-day simple moving average is $4.79. The company has a market cap of $40.49 million, a PE ratio of 8.47 and a beta of 0.76.

North European Oil Royalty Trust Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, February 26th. Stockholders of record on Friday, February 14th were issued a dividend of $0.04 per share. 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 dividend yield of 3.63%. The ex-dividend date of this dividend was Friday, February 14th. North European Oil Royalty Trust’s payout ratio is currently 30.77%.

Analysts Set New Price Targets

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.