Halsey Associates Inc. CT acquired a new position in North European Oil Royalty Trust (NYSE:NRT) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 90,432 shares of the energy company’s stock, valued at approximately $551,000. Halsey Associates Inc. CT owned about 0.98% of North European Oil Royalty Trust as of its most recent filing with the Securities and Exchange Commission (SEC).
Separately, Morgan Stanley increased its holdings in North European Oil Royalty Trust by 7.2% in the second quarter. Morgan Stanley now owns 491,149 shares of the energy company’s stock worth $3,478,000 after buying an additional 32,974 shares during the last quarter. 11.38% of the stock is owned by institutional investors and hedge funds.
NRT stock traded up $0.06 during midday trading on Wednesday, hitting $5.76. 9,207 shares of the company traded hands, compared to its average volume of 24,486. North European Oil Royalty Trust has a twelve month low of $5.12 and a twelve month high of $7.75. The business has a 50 day simple moving average of $5.94 and a 200-day simple moving average of $6.60. The stock has a market capitalization of $52.45 million, a price-to-earnings ratio of 7.10 and a beta of 0.49.
About North European Oil Royalty Trust
North European Oil Royalty Trust, a grantor trust, holds overriding royalty rights covering gas and oil production in concessions or leases in the Federal Republic of Germany. It holds rights under contracts with German exploration and development subsidiaries of ExxonMobil Corp. and the Royal Dutch/Shell Group of Companies.
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