North European Oil Royalty Trust (NYSE:NRT) Raised to “Buy” at StockNews.com

North European Oil Royalty Trust (NYSE:NRT) was upgraded by StockNews.com from a “hold” rating to a “buy” rating in a note issued to investors on Wednesday.

North European Oil Royalty Trust Stock Up 11.6 %

NYSE:NRT opened at $4.51 on Wednesday. The stock’s fifty day simple moving average is $4.20 and its 200-day simple moving average is $5.20. The firm has a market capitalization of $41.45 million, a P/E ratio of 9.80 and a beta of 0.76. North European Oil Royalty Trust has a 12-month low of $3.88 and a 12-month high of $8.62.

North European Oil Royalty Trust (NYSE:NRT) last released its quarterly earnings data on Tuesday, December 31st. The energy company reported $0.06 earnings per share for the quarter.

Institutional Inflows and Outflows

An institutional investor recently raised its position in North European Oil Royalty Trust stock. Peapack Gladstone Financial Corp lifted its position in shares of North European Oil Royalty Trust (NYSE:NRT) by 34.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 19,500 shares of the energy company’s stock after buying an additional 5,000 shares during the period. Peapack Gladstone Financial Corp owned about 0.21% of North European Oil Royalty Trust worth $102,000 at the end of the most recent quarter. 6.97% of the stock is owned by institutional investors.

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.