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. It has rights under contracts with German exploration and development subsidiaries of ExxonMobil Corp. and the Royal Dutch/Shell Group of Companies. The company holds royalties for the sale of well gas, oil well gas, crude oil, condensate, and sulfur. North European Oil Royalty Trust is based in Keene, New Hampshire.
IPO Year:
Exchange: NYSE
Website: neort.com
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8-K - NORTH EUROPEAN OIL ROYALTY TRUST (0000072633) (Filer)
8-K/A - NORTH EUROPEAN OIL ROYALTY TRUST (0000072633) (Filer)
8-K - NORTH EUROPEAN OIL ROYALTY TRUST (0000072633) (Filer)
10-Q - NORTH EUROPEAN OIL ROYALTY TRUST (0000072633) (Filer)
8-K - NORTH EUROPEAN OIL ROYALTY TRUST (0000072633) (Filer)
8-K - NORTH EUROPEAN OIL ROYALTY TRUST (0000072633) (Filer)
10-Q - NORTH EUROPEAN OIL ROYALTY TRUST (0000072633) (Filer)
8-K - NORTH EUROPEAN OIL ROYALTY TRUST (0000072633) (Filer)
10-Q - NORTH EUROPEAN OIL ROYALTY TRUST (0000072633) (Filer)
8-K - NORTH EUROPEAN OIL ROYALTY TRUST (0000072633) (Filer)
KEENE, N.H., Sept. 16, 2024 /PRNewswire/ -- North European Oil Royalty Trust (NYSE-NRT) today announced the appointments of Richard P. Howard and Andrew S. Borodach as Trustees effective October 1, 2024. Richard P. Howard is a Chartered Financial Analyst and an active investor with more than 47 years of experience in the energy industry. Mr. Howard's professional career included analytical and portfolio management positions with CIGNA, Fidelity Investments, T. Rowe Price Group, Inc., and Prospector Partners Asset Management, LLC. He was a 50-year charter member of the National Association of Petroleum Investment Analysts. He holds B.S. degrees in welding engineering and industrial engineer
KEENE, N.H., March 14, 2023 /PRNewswire/ -- Mr. Robert P. Adelman, the Managing Trustee of North European Oil Royalty Trust (the "Trust") (Symbol: NRT), has advised the Trustees that he has decided to retire from his position of Managing Trustee as of March 13, 2023 and as an active Trustee as of the end of the current fiscal quarter of the Trust, April 30, 2023. The remaining Trustees named Ms. Nancy J. Floyd Prue, a Trustee since March 15, 2018, to fill the role of Managing Trustee beginning on March 14, 2023. Ms. Floyd Prue has been a member of the Trust's Board of Trustees since March 2018. Ms. Floyd Prue has over 40 years of investment experience including 35 years with Adams Funds. D
KEENE, N.H., Oct. 31, 2024 /PRNewswire/ -- The Trustees of North European Oil Royalty Trust (NYSE-NRT) announced today a quarterly distribution of $0.02 per unit for the fourth quarter of fiscal 2024, payable on November 27, 2024 to owners of record on November 15, 2024. In accordance with the agreements between the Trust and the operating companies, the Trust's monthly scheduled royalty payments are paid based on the amount of royalties that were payable to the Trust in the prior calendar quarter. For the quarter ending October 31, 2024, the reduction in the amount of the distribution payable largely resulted from the carry-over negative adjustments from the prior quarter and the substan
KEENE, N.H., Sept. 16, 2024 /PRNewswire/ -- North European Oil Royalty Trust (NYSE-NRT) today announced the appointments of Richard P. Howard and Andrew S. Borodach as Trustees effective October 1, 2024. Richard P. Howard is a Chartered Financial Analyst and an active investor with more than 47 years of experience in the energy industry. Mr. Howard's professional career included analytical and portfolio management positions with CIGNA, Fidelity Investments, T. Rowe Price Group, Inc., and Prospector Partners Asset Management, LLC. He was a 50-year charter member of the National Association of Petroleum Investment Analysts. He holds B.S. degrees in welding engineering and industrial engineer
KEENE, N.H., July 31, 2024 /PRNewswire/ -- The Trustees of North European Oil Royalty Trust (NYSE:NRT) announced today a quarterly distribution of $0.21 per unit for the third quarter of fiscal 2024, payable on August 28, 2024 to holders of record on August 16, 2024. The distribution for the third quarter of fiscal 2023 was also $0.21 per unit. Distributions are based on actual royalty income received less incurred and anticipated expenses. The Trust receives its royalties under the Mobil and OEG Royalty Agreements as detailed in the 2023 10-K on the Trust's website. The Trust's scheduled monthly royalty payments are paid based on the amount of royalties payable to the Trust in the prio
KEENE, N.H., May 20, 2024 /PRNewswire/ -- The Managing Director, on behalf of the Trustees of North European Oil Royalty Trust, reports with regret the death of Willard B. Taylor. Mr. Taylor served as a Director of North European Oil Company and was a Trustee of North European Oil Royalty Trust since its formation in 1975. His calm clarity, poised demeanor, and broad wisdom will be sorely missed. He passed away on Friday, May 17, 2024. John R. Van KirkManaging Director Contact – John R. Van Kirk, Managing Director, telephone: (732) 741-4008, e-mail: [email protected]. The Trust's press releases and other pertinent information are available on the Trust's website: www.neort.com. View
KEENE, N.H., April 30, 2024 /PRNewswire/ -- The Trustees of North European Oil Royalty Trust (NYSE-NRT) announced today a distribution of $0.20 per unit for the second quarter of fiscal 2024, payable on May 29, 2024 to owners of record on May 17, 2024. The Trust receives its royalties under the Mobil and OEG Royalty Agreements as detailed in the 2023 10-K on the Trust's website. The Trust's monthly royalty payments are paid based on the amount of royalties payable to the Trust in the prior quarter. End of quarter royalty adjustments result from the need to align scheduled royalty payments from the operating companies with actual royalties that should have been paid. When actual prices and v
KEENE, N.H., Feb. 15, 2024 /PRNewswire/ -- North European Oil Royalty Trust (NYSE-NRT) (the "Trust") reported its net income for the first quarter of fiscal 2024 which appears in the table below compared to its net income for the first quarter of fiscal 2023. Total royalty income often includes positive and negative adjustments that the operators make during the quarter based upon their adjusted royalty calculations for the prior periods as required by the Mobil and OEG Royalty Agreements. Total royalty income for the first quarter of fiscal 2024 was reduced by prior period negative adjustments of Euros 1,988,530 and increased by Mobil sulfur royalties of $68,205. Total royalty income for th
KEENE, N.H., Jan. 31, 2024 /PRNewswire/ -- The Trustees of North European Oil Royalty Trust (NYSE-NRT) announced today a distribution of $0.05 per unit for the first quarter of fiscal 2024, payable on February 28, 2024 to owners of record on February 16, 2024. The Trust receives its royalties under the Mobil and OEG Royalty Agreements as detailed in the 2023 10-K on the Trust's website. The Trust's monthly royalty payments are paid based on the amount of royalties payable to the Trust in the prior quarter. End of quarter royalty adjustments result from the need to align scheduled royalty payments from the operating companies with actual royalties that should have been paid. When actual pric
KEENE, N.H., Nov. 17, 2023 /PRNewswire/ -- North European Oil Royalty Trust (NYSE-NRT) reported the net income for the fourth quarter of fiscal 2023, which appears below compared with the fourth quarter of fiscal 2022. The absence of royalty income for the fourth quarter of fiscal 2023 resulted in a residual overpayment of a Euro amount equivalent to $733,028 that has not been offset as of the end of the fourth quarter. Additionally, the negative adjustment for calendar 2022 in a Euro amount equivalent to $241,662 has also not been offset as of the end of the fourth quarter. Total royalty income for the fourth quarter of fiscal 2022 includes a positive adjustment for 2021 of $1,550,020. The
KEENE, N.H., Aug. 18, 2023 /PRNewswire/ -- North European Oil Royalty Trust (NYSE-NRT) reported net income for the third quarter of fiscal 2023 compared with the third quarter of fiscal 2022 as detailed in the table below. Total royalty income for the third quarter of fiscal 2023 decreased from the third quarter of fiscal 2022. This decrease resulted from the effect of lower gas prices and lower gas sales under both the Mobil and OEG Royalty Agreements. Total royalty income includes adjustments made by the operating companies based upon their corrected royalty calculations for prior periods as well as any Mobil sulfur royalties. There was a negative adjustment equivalent to $3,739,013 th
KEENE, N.H., July 31, 2023 /PRNewswire/ -- The Trustees of North European Oil Royalty Trust (NYSE-NRT) announced today a quarterly distribution of $0.21 per unit for the third quarter of fiscal 2023, payable on August 30, 2023 to holders of record on August 18, 2023. This year's quarterly distribution of $0.21 per unit is 54.35%, or $0.25 per unit, lower than the distribution of $0.46 per unit for the third quarter of fiscal 2022. For the quarter ending July 31, 2023, the negative carry-over from the second quarter of fiscal 2023, as well as lower gas sales and lower gas prices, resulted in this decline. Distributions are based on actual royalty income received less incurred and anticipated
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SC 13G/A - NORTH EUROPEAN OIL ROYALTY TRUST (0000072633) (Subject)
SC 13G/A - NORTH EUROPEAN OIL ROYALTY TRUST (0000072633) (Subject)
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By the close of today, August 30, 2023, North European Oil (NYSE:NRT) will issue a dividend payout of $0.21 per share, resulting in an annualized dividend yield of 5.61%. This payout is exclusively for shareholders who held the stock before the ex-dividend date on August 17, 2023. North European Oil Recent Dividend Payouts table { width: 100%; border-collapse: collapse; font-family: Arial, sans-serif; font-size: 14px; } th, td { padding: 8px; text-align: left; } th { background-color: #293a5a; color: #fff; text-align: left; }
The Meaning Behind Value Stocks A value stock is traditionally defined in terms of how investors in the marketplace are valuing that company's future growth prospects. Low P/E multiples are good base indicators that the company is undervalued and can most likely be labelled as a value stock. Benzinga Insights has compiled a list of value stocks in the energy sector that may be worth watching: North European Oil (NYSE:NRT) - P/E: 3.43 Evolution Petroleum (AMEX:EPM) - P/E: 6.24 Earthstone Energy (NYSE:ESTE) - P/E: 4.24 HighPeak Energy (NASDAQ:HPK) - P/E: 6.5 Murphy Oil (NYSE:MUR) - P/E: 6.91 This quarter, North European Oil experienced a decrease in earnings per share, which was $1.05 in Q2
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North European Oil Royalty Trust (NYSE-NRT) (the "Trust") reported its net income for the first quarter of fiscal 2023 which appears in the table below compared to its net income for the first quarter of fiscal 2022. Total royalty income often includes positive and negative adjustments that the operators made during the quarter based upon their corrected royalty calculations for the prior periods, as well as Mobil sulfur royalties. Total royalty income for the first quarter of fiscal 2023 was not affected because there were no prior period adjustments. In addition, due to sulfur prices falling below the required threshold, there were no Mobil sulfur royalties. Total royalty income for the fi