Stocks of North European Oil Royalty Trust (NYSE:NRT) traded higher last session on Wall Street, up 3.86% to $15.87.
NRT stock price is now 6.30% away from the 50-day moving average and 0.41% away from the 200-day moving average. The market capitalization of the company currently stands at $148.38M.
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In other news, Prue Nancy J F, Trustee bought 872 shares of the company’s stock on Jul 01. The stock was bought for $10,795 at an average price of $12.38. Upon completion of the transaction, the Trustee now directly owns 7,000 shares in the company, valued at $0.11 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jun 23, Trustee Prue Nancy J F bought 128 shares of the business’s stock. A total of $1,605 was incurred on buying the stock at an average price of $12.54. This leaves the insider owning 6,128 shares of the company worth $97251.36. A total of 0.10% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in NRT stock. A new stake in North European Oil Royalty Trust shares was purchased by DORSEY WRIGHT & ASSOCIATES during the first quarter worth $39,000. JPMORGAN CHASE & CO invested $24,000 in shares of NRT during the first quarter. In the first quarter, MCELHENNY SHEFFIELD CAPITAL MANAGEMENT, LLC acquired a new stake in North European Oil Royalty Trust valued at approximately $8,000. RFP FINANCIAL GROUP LLC acquired a new stake in NRT for approximately $5,000. In total, there are 31 active investors with 17.40% ownership of the company’s stock.
Thursday’s opening bell rang with an opening price of $15.54 for North European Oil Royalty Trust (NYSE: NRT). During the past 12 months, North European Oil Royalty Trust has had a low of $10.61 and a high of $20.72. As of last week, the company has a debt-to-equity ratio of 0.00, a current ratio of 1.10, and a quick ratio of 1.10. The fifty day moving average price for NRT is $14.90 and a two-hundred day moving average price translates $15.79 for the stock.
The latest earnings results from North European Oil Royalty Trust (NYSE: NRT) was released for Jul, 2022. The company reported revenue of $7.04 million for the quarter, compared to $1.44 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 389.36 percent.
Moreover, the firm recently paid out its quarterly dividend on 11/30/2022. Investors who held shares on 11/18/2022 were paid a $0.74 dividend. On an annualized basis, this represents a $1.83 dividend and a 11.53% percent yield. There was an ex-dividend date of 11/17/2022 for this dividend. In terms of dividend payout ratio, NRT is presently at 66.00%.
North European Oil Royalty Trust(NRT) 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 has rights under contracts with German exploration and development subsidiaries of ExxonMobil Corp. and the Royal Dutch/Shell Group of Companies. It holds royalties for the sale of gas well gas, oil well gas, crude oil, condensate, and sulfur. North European Oil Royalty Trust is based in Keene, New Hampshire.
