Mutual Advisors LLC lessened its stake in shares of North European Oil Royalty Trust (NYSE:NRT – Free Report) by 25.9% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 17,748 shares of the energy company’s stock after selling 6,212 shares during the period. Mutual Advisors LLC’s holdings in North European Oil Royalty Trust were worth $72,000 as of its most recent SEC filing.
Separately, Swan Global Investments LLC purchased a new position in shares of North European Oil Royalty Trust in the third quarter worth about $167,000. 6.97% of the stock is owned by institutional investors and hedge funds.
North European Oil Royalty Trust Stock Down 0.7 %
NRT opened at $4.54 on Thursday. The company has a market capitalization of $41.73 million, a price-to-earnings ratio of 8.73 and a beta of 0.76. The firm has a 50-day moving average price of $4.31 and a 200-day moving average price of $5.00. North European Oil Royalty Trust has a twelve month low of $3.88 and a twelve month high of $8.62.
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 note on Wednesday, January 1st.
Check Out Our Latest Analysis on NRT
North European Oil Royalty Trust 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.
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