StockNews.com Begins Coverage on North European Oil Royalty Trust (NYSE:NRT)

StockNews.com began coverage on shares of North European Oil Royalty Trust (NYSE:NRT) in a report issued on Thursday. The brokerage set a “hold” rating on the energy company’s stock.

North European Oil Royalty Trust Price Performance

NRT stock opened at $4.80 on Thursday. The stock has a market capitalization of $44.12 million, a P/E ratio of 9.23 and a beta of 0.11. North European Oil Royalty Trust has a 1-year low of $3.88 and a 1-year high of $8.48. The business has a fifty day moving average price of $4.49 and a 200-day moving average price of $4.47.

North European Oil Royalty Trust (NYSE:NRT) last announced its quarterly earnings results on Friday, February 28th. The energy company reported $0.04 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%. The firm had revenue of $0.51 million for the quarter.

Institutional Inflows and Outflows

An institutional investor recently raised its position in North European Oil Royalty Trust stock. Swan Global Investments LLC lifted its stake in shares of North European Oil Royalty Trust (NYSE:NRT) by 102.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 64,600 shares of the energy company’s stock after acquiring an additional 32,750 shares during the quarter. Swan Global Investments LLC owned approximately 0.70% of North European Oil Royalty Trust worth $261,000 at the end of the most recent reporting period. Hedge funds and other institutional investors own 6.97% of the company’s stock.

About North European Oil Royalty Trust

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.