North European Oil Royalty Trust (NRT) Stock
The North European Oil Royalty Trust (NEORT) functions as a grantor trust, possessing overriding royalty interests tied to petroleum and natural gas extraction from various licensed areas and concessions within Germany. These rights stem from agreements with the German exploration and development divisions of major energy firms, specifically ExxonMobil Corporation and the Royal Dutch/Shell Group.
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About North European Oil Royalty Trust
The North European Oil Royalty Trust (NEORT) functions as a grantor trust, possessing overriding royalty interests tied to petroleum and natural gas extraction from various licensed areas and concessions within Germany. These rights stem from agreements with the German exploration and development divisions of major energy firms, specifically ExxonMobil Corporation and the Royal Dutch/Shell Group. The trust earns royalties from the sale of a range of hydrocarbon products, including natural gas from gas wells, associated gas from oil wells, crude petroleum, condensate, and sulfur. Its administrative headquarters are situated in Keene, New Hampshire.
North European Oil Royalty Trust is headquartered in US.
North European Oil Royalty Trust (NRT) stock trades at $8.59 with a market capitalization of $78.95M. The stock is valued at a price-to-earnings (P/E) ratio of 8.42, price-to-book of 41.79, price-to-sales of 7.66. Over the past 52 weeks the stock has ranged between $4.76 and $10.49, and currently trades 18.1% below its 52-week high. It pays a dividend yielding 10.24%.
On profitability, North European Oil Royalty Trust generates a return on equity (ROE) of 498.36% — well above the market average, a sign of a high-quality business, return on capital employed of 494.70%, an operating margin of 90.71%, a net profit margin of 91.14%.
Official website: www.neort.com