North European Oil Royalty Trust (NYSE:NRT) Issues Quarterly Earnings Results

North European Oil Royalty Trust (NYSE:NRT) announced its quarterly earnings results on Tuesday. The energy company reported $0.06 earnings per share (EPS) for the quarter, Zacks reports.

North European Oil Royalty Trust Stock Up 0.8 %

North European Oil Royalty Trust stock traded up $0.03 during trading hours on Tuesday, hitting $3.95. 44,176 shares of the company traded hands, compared to its average volume of 60,519. 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 $36.30 million, a P/E ratio of 8.59 and a beta of 0.76. The firm’s 50-day simple moving average is $4.26 and its two-hundred day simple moving average is $5.23.

North European Oil Royalty Trust Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Friday, November 15th were given a $0.02 dividend. The ex-dividend date was Friday, November 15th. This represents a $0.08 dividend on an annualized basis and a yield of 2.03%. North European Oil Royalty Trust’s dividend payout ratio is presently 17.39%.

North European Oil Royalty Trust 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 also has rights under contracts with German exploration and development subsidiaries of ExxonMobil Corp. and the Royal Dutch/Shell Group of Companies.