North European Oil Royality Trust (NYSE:NRT – Get Free Report) announced a quarterly dividend on Thursday, July 30th. Investors of record on Monday, August 17th will be paid a dividend of 0.26 per share by the energy company on Monday, August 31st. This represents a c) annualized dividend and a dividend yield of 11.7%. The ex-dividend date of this dividend is Monday, August 17th. This is a 18.2% increase from North European Oil Royality Trust’s previous quarterly dividend of $0.22.
North European Oil Royality Trust has raised its dividend payment by an average of 0.0%annually over the last three years.
North European Oil Royality Trust Stock Up 1.0%
Shares of NRT stock opened at $8.86 on Friday. The company has a market cap of $81.43 million, a price-to-earnings ratio of 8.77 and a beta of -0.04. The firm has a 50 day moving average of $7.74 and a 200-day moving average of $8.35. North European Oil Royality Trust has a 52 week low of $4.76 and a 52 week high of $10.49.
Institutional Inflows and Outflows
A number of hedge funds have recently bought and sold shares of NRT. Peapack Gladstone Financial Corp raised its holdings in North European Oil Royality Trust by 11.0% during the 4th quarter. Peapack Gladstone Financial Corp now owns 49,500 shares of the energy company’s stock valued at $326,000 after acquiring an additional 4,900 shares during the period. Advisory Services Network LLC bought a new position in shares of North European Oil Royality Trust in the fourth quarter worth $235,000. LPL Financial LLC grew its position in shares of 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 purchasing an additional 3,060 shares in the last quarter. Bank of America Corp DE grew its position in shares of 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 valued at $148,000 after purchasing an additional 20,000 shares in the last quarter. Finally, Susquehanna International Group LLP bought a new stake in shares of North European Oil Royality Trust during the 3rd quarter valued at $134,000. 6.97% of the stock is currently owned by hedge funds and other institutional investors.
North European Oil Royality Trust Company Profile
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.
Further Reading
- Five stocks we like better than North European Oil Royality Trust
- L3Harris’ Record Backlog Makes Its Stock Sell-Off Look Overdone
- Quantum Earnings Could Decide Whether the Sector’s Sell-Off Has Gone Too Far
- Microsoft Just Flipped the AI Spending Narrative Overnight
- Qualcomm’s Turnaround Is Working, So Why Is Wall Street Selling?
Receive News & Ratings for North European Oil Royality Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for North European Oil Royality Trust and related companies with MarketBeat.com's FREE daily email newsletter.
