Mutual Advisors LLC reduced its position in North European Oil Royalty Trust (NYSE:NRT – Free Report) by 25.9% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 17,748 shares of the energy company’s stock after selling 6,212 shares during the quarter. Mutual Advisors LLC’s holdings in North European Oil Royalty Trust were worth $72,000 at the end of the most recent quarter.
Separately, Peapack Gladstone Financial Corp lifted its position in North European Oil Royalty Trust by 34.5% during the third quarter. Peapack Gladstone Financial Corp now owns 19,500 shares of the energy company’s stock valued at $102,000 after purchasing an additional 5,000 shares during the last quarter. 6.97% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
Separately, StockNews.com upgraded shares of North European Oil Royalty Trust from a “hold” rating to a “buy” rating in a research report on Wednesday, January 1st.
North European Oil Royalty Trust Price Performance
Shares of North European Oil Royalty Trust stock opened at $4.54 on Thursday. North European Oil Royalty Trust has a 1 year low of $3.88 and a 1 year high of $8.62. The firm has a market cap of $41.73 million, a PE ratio of 8.73 and a beta of 0.76. The company has a 50 day simple moving average of $4.31 and a two-hundred day simple moving average of $5.00.
North European Oil Royalty Trust (NYSE:NRT – Get Free Report) last announced 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%.
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.
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