Farther Finance Advisors LLC Sells 2,799 Shares of North European Oil Royalty Trust (NYSE:NRT)

Farther Finance Advisors LLC cut its position in shares of North European Oil Royalty Trust (NYSE:NRT) by 32.5% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 5,801 shares of the energy company’s stock after selling 2,799 shares during the period. Farther Finance Advisors LLC’s holdings in North European Oil Royalty Trust were worth $30,000 at the end of the most recent reporting period.

Separately, Comerica Bank raised its stake in North European Oil Royalty Trust by 141.0% during the first quarter. Comerica Bank now owns 4,304 shares of the energy company’s stock worth $26,000 after acquiring an additional 2,518 shares in the last quarter. Institutional investors and hedge funds own 6.97% of the company’s stock.

North European Oil Royalty Trust Stock Up 2.6 %

NYSE NRT opened at $4.32 on Friday. The company has a 50 day moving average of $5.05 and a 200-day moving average of $5.96. North European Oil Royalty Trust has a 1-year low of $4.08 and a 1-year high of $8.62.

North European Oil Royalty Trust (NYSE:NRT) last posted its quarterly earnings results on Friday, August 30th. The energy company reported $0.21 earnings per share (EPS) for the quarter. The firm had revenue of $2.46 million during the quarter.

North European Oil Royalty Trust Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 27th. Stockholders of record on Friday, November 15th will be given a dividend of $0.02 per share. This represents a $0.08 dividend on an annualized basis and a dividend yield of 1.85%. The ex-dividend date is Friday, November 15th. North European Oil Royalty Trust’s dividend payout ratio is currently 182.61%.

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.