StockNews.com Downgrades North European Oil Royalty Trust (NYSE:NRT) to Hold

North European Oil Royalty Trust (NYSE:NRT) was downgraded by investment analysts at StockNews.com from a “buy” rating to a “hold” rating in a report released on Saturday.

North European Oil Royalty Trust Price Performance

Shares of North European Oil Royalty Trust stock opened at $4.65 on Friday. The stock has a 50-day simple moving average of $4.57 and a 200-day simple moving average of $4.81. North European Oil Royalty Trust has a 52-week low of $3.88 and a 52-week high of $8.62. The firm has a market cap of $42.74 million, a price-to-earnings ratio of 8.94 and a beta of 0.76.

North European Oil Royalty Trust (NYSE:NRT) last posted its earnings results on Tuesday, December 31st. The energy company reported $0.06 earnings per share (EPS) for the quarter. North European Oil Royalty Trust had a net margin of 87.43% and a return on equity of 537.09%.

Institutional Inflows and Outflows

An institutional investor recently raised its position in North European Oil Royalty Trust stock. Peapack Gladstone Financial Corp raised its stake in shares of North European Oil Royalty Trust (NYSE:NRT) by 34.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 19,500 shares of the energy company’s stock after purchasing an additional 5,000 shares during the period. Peapack Gladstone Financial Corp owned 0.21% of North European Oil Royalty Trust worth $102,000 as of its most recent SEC filing. 6.97% of the stock is currently owned by institutional investors and hedge funds.

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.