North European Oil Royalty Trust (NYSE:NRT) Stock Holdings Cut by Farther Finance Advisors LLC

Farther Finance Advisors LLC lessened its position in North European Oil Royalty Trust (NYSE:NRT) by 32.5% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 5,801 shares of the energy company’s stock after selling 2,799 shares during the period. Farther Finance Advisors LLC’s holdings in North European Oil Royalty Trust were worth $30,000 at the end of the most recent reporting period.

Separately, Comerica Bank raised its position in North European Oil Royalty Trust by 141.0% in the first quarter. Comerica Bank now owns 4,304 shares of the energy company’s stock worth $26,000 after acquiring an additional 2,518 shares in the last quarter. Institutional investors and hedge funds own 6.97% of the company’s stock.

North European Oil Royalty Trust Price Performance

Shares of NYSE NRT opened at $4.32 on Friday. The firm has a 50-day moving average of $5.05 and a two-hundred day moving average of $5.96. North European Oil Royalty Trust has a twelve month low of $4.08 and a twelve month high of $8.62.

North European Oil Royalty Trust (NYSE:NRT) last issued its earnings results on Friday, August 30th. The energy company reported $0.21 earnings per share for the quarter. The business had revenue of $2.46 million for the quarter.

North European Oil Royalty Trust Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 27th. Stockholders of record on Friday, November 15th will be paid a $0.02 dividend. This represents a $0.08 dividend on an annualized basis and a dividend yield of 1.85%. The ex-dividend date is Friday, November 15th. North European Oil Royalty Trust’s dividend payout ratio (DPR) is presently 182.61%.

North European Oil Royalty Trust 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.