Renaissance Technologies LLC lifted its holdings in shares of North European Oil Royality Trust (NYSE:NRT) by 98.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 56,028 shares of the energy company’s stock after purchasing an additional 27,728 shares during the quarter. Renaissance Technologies LLC owned about 0.61% of North European Oil Royality Trust worth $390,000 as of its most recent filing with the Securities and Exchange Commission.
Separately, Morse Asset Management Inc raised its position in North European Oil Royality Trust by 33.3% in the 4th quarter. Morse Asset Management Inc now owns 24,000 shares of the energy company’s stock valued at $167,000 after purchasing an additional 6,000 shares in the last quarter. 12.05% of the stock is owned by institutional investors.
Separately, TheStreet downgraded North European Oil Royality Trust from a “b-” rating to a “c” rating in a research note on Thursday, March 29th.
NYSE NRT opened at $8.90 on Friday. The firm has a market capitalization of $86.23 million, a PE ratio of 12.03 and a beta of 0.10. North European Oil Royality Trust has a fifty-two week low of $9.06 and a fifty-two week high of $9.06.
North European Oil Royality Trust (NYSE:NRT) last posted its quarterly earnings results on Tuesday, May 15th. The energy company reported $0.19 earnings per share (EPS) for the quarter. North European Oil Royality Trust had a return on equity of 8,958.75% and a net margin of 90.24%. The firm had revenue of $2.05 million during the quarter.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 30th. Shareholders of record on Friday, May 18th will be paid a dividend of $0.19 per share. The ex-dividend date of this dividend is Thursday, May 17th. This represents a $0.76 annualized dividend and a yield of 8.54%. This is a boost from North European Oil Royality Trust’s previous quarterly dividend of $0.17.
About North European Oil Royality Trust
North European Oil Royalty Trust, a grantor trust, holds overriding royalty rights covering gas and oil production in concessions or leases in the Federal Republic of Germany. It holds rights under contracts with German exploration and development subsidiaries of ExxonMobil Corp. and the Royal Dutch/Shell Group of Companies.
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