Wells Fargo & Company MN raised its stake in Enduro Royalty Trust (NYSE:NDRO) by 75.4% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 256,640 shares of the oil and gas producer’s stock after acquiring an additional 110,305 shares during the quarter. Wells Fargo & Company MN owned about 0.78% of Enduro Royalty Trust worth $834,000 as of its most recent filing with the Securities and Exchange Commission.
Separately, Botty Investors LLC boosted its stake in shares of Enduro Royalty Trust by 1.4% in the 2nd quarter. Botty Investors LLC now owns 430,086 shares of the oil and gas producer’s stock valued at $1,404,000 after purchasing an additional 6,083 shares during the last quarter. 57.06% of the stock is owned by institutional investors and hedge funds.
Several research analysts have recently issued reports on NDRO shares. Stifel Nicolaus reaffirmed a “buy” rating on shares of Enduro Royalty Trust in a research note on Friday, September 1st. Zacks Investment Research lowered shares of Enduro Royalty Trust from a “hold” rating to a “sell” rating in a research note on Wednesday, July 26th.
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Shares of Enduro Royalty Trust (NYSE NDRO) opened at $2.95 on Thursday. The company has a market cap of $97.35, a P/E ratio of 8.94 and a beta of 0.39. Enduro Royalty Trust has a fifty-two week low of $2.75 and a fifty-two week high of $4.55.
Enduro Royalty Trust Profile
Enduro Royalty Trust (the Trust) is a statutory trust formed by Enduro Resource Partners LLC (Enduro), as trustor, The Bank of New York Mellon Trust Company, N.A. (the Trustee), as trustee, and Wilmington Trust Company (the Delaware Trustee), as Delaware Trustee. The Trust was created to acquire and hold for the benefit of the Trust unitholders a net profits interest representing the right to receive approximately 80% of the net profits from the sale of oil and natural gas production from certain properties in the states of Texas, Louisiana and New Mexico held by Enduro as of the date of the conveyance of the net profits interest to the Trust (the Net Profits Interest).
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