North European Oil Royalty Trust (NYSE:NRT) Downgraded by StockNews.com to “Hold”

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

North European Oil Royalty Trust Stock Performance

Shares of NYSE NRT opened at $4.65 on Friday. North European Oil Royalty Trust has a fifty-two week low of $3.88 and a fifty-two week high of $8.62. The firm has a market capitalization of $42.73 million, a PE ratio of 8.94 and a beta of 0.76. The stock’s 50-day simple moving average is $4.57 and its 200-day simple moving average is $4.83.

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

Institutional Inflows and Outflows

A hedge fund recently raised its stake in North European Oil Royalty Trust stock. Peapack Gladstone Financial Corp boosted its position in shares of North European Oil Royalty Trust (NYSE:NRT) by 38.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 27,000 shares of the energy company’s stock after buying an additional 7,500 shares during the period. Peapack Gladstone Financial Corp owned 0.29% of North European Oil Royalty Trust worth $109,000 as of its most recent SEC filing. 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.