North European Oil Royality Trust (NYSE:NRT) Cut to Buy at Wall Street Zen

Key Points

• Wall Street Zen downgraded North European Oil Royality Trust from a “strong‑buy” to a “buy”, while Weiss Ratings reiterated a “hold (c)” and the consensus rating is Hold.
• Shares opened at $9.51 and were trading down about 2.6%; the trust has a market cap of $87.4M and P/E of 9.61, and it reported Q results of $0.21 EPS on $2.21M revenue with a net margin of 92.51% and ROE of 516.79%.
• Insider Richard Page Howard sold 25,000 shares at roughly $8.62 (reducing his stake by 9.09%), and institutional investors now own about 6.97% of the stock amid several recent buys and stake increases.

North European Oil Royality Trust (NYSE:NRT - Get Free Report) was downgraded by investment analysts at Wall Street Zen from a "strong-buy" rating to a "buy" rating in a research report issued on Saturday.

Separately, Weiss Ratings restated a "hold (c)" rating on shares of North European Oil Royality Trust in a report on Friday, January 9th. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, North European Oil Royality Trust presently has a consensus rating of "Hold".

North European Oil Royality Trust Trading Down 2.6%

Shares of NRT opened at $9.51 on Friday. North European Oil Royality Trust has a 12-month low of $4.00 and a 12-month high of $10.49. The firm has a market capitalization of $87.40 million, a P/E ratio of 9.61 and a beta of 0.19. The firm has a 50-day moving average price of $8.79 and a 200 day moving average price of $6.94.

North European Oil Royality Trust (NYSE:NRT - Get Free Report) last issued its earnings results on Monday, March 2nd. The energy company reported $0.21 EPS for the quarter. The company had revenue of $2.21 million for the quarter. North European Oil Royality Trust had a net margin of 92.51% and a return on equity of 516.79%.

Insider Buying and Selling at North European Oil Royality Trust

In other news, insider Richard Page Howard sold 25,000 shares of the company's stock in a transaction on Tuesday, March 17th. The stock was sold at an average price of $8.62, for a total transaction of $215,500.00. Following the sale, the insider owned 250,000 shares of the company's stock, valued at approximately $2,155,000. This represents a 9.09% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 3.50% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Jane Street Group LLC purchased a new stake in North European Oil Royality Trust during the 1st quarter worth about $60,000. Peapack Gladstone Financial Corp boosted its stake in shares of North European Oil Royality Trust by 57.0% in the 2nd quarter. Peapack Gladstone Financial Corp now owns 44,600 shares of the energy company's stock valued at $223,000 after buying an additional 16,200 shares during the period. Bank of America Corp DE grew its position in shares of North European Oil Royality Trust by 210.5% during the second quarter. Bank of America Corp DE now owns 29,500 shares of the energy company's stock worth $148,000 after buying an additional 20,000 shares in the last quarter. Susquehanna International Group LLP purchased a new stake in shares of North European Oil Royality Trust during the third quarter worth approximately $134,000. Finally, LPL Financial LLC raised its holdings in North European Oil Royality Trust by 11.2% in the fourth quarter. LPL Financial LLC now owns 30,503 shares of the energy company's stock valued at $201,000 after acquiring an additional 3,060 shares in the last quarter. 6.97% of the stock is owned by institutional investors and hedge funds.

About North European Oil Royality Trust

North European Oil Royalty Trust NYSE: NRT is a statutory trust that holds an overriding royalty interest in a diversified portfolio of oil and natural gas properties located in the United Kingdom sector of the North Sea. The trust's sole business is to receive royalty revenues from production activities on its underlying fields and distribute those revenues directly to unitholders. It does not engage in exploration, drilling or field operations.

Under the terms of its governing agreement, the trust is entitled to a fixed percentage of net production revenues, after the deduction of operating and administrative expenses, from a series of established oil and gas fields in the North Sea region.

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