Wells Fargo & Company MN increased its position in Enduro Royalty Trust (NYSE:NDRO) by 42.1% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 364,703 shares of the oil and gas producer’s stock after purchasing an additional 108,063 shares during the period. Wells Fargo & Company MN owned 1.11% of Enduro Royalty Trust worth $1,586,000 at the end of the most recent quarter.
Separately, Bank of New York Mellon Corp lifted its holdings in shares of Enduro Royalty Trust by 164.5% in the 3rd quarter. Bank of New York Mellon Corp now owns 29,101 shares of the oil and gas producer’s stock valued at $127,000 after purchasing an additional 18,100 shares during the last quarter. Institutional investors own 57.43% of the company’s stock.
Enduro Royalty Trust (NDRO) traded up $0.05 on Friday, reaching $3.20. The company’s stock had a trading volume of 113,291 shares, compared to its average volume of 69,536. The stock has a market cap of $105.60, a P/E ratio of 10.32 and a beta of 0.45. Enduro Royalty Trust has a 12-month low of $2.75 and a 12-month high of $4.45.
The business also recently disclosed a monthly dividend, which will be paid on Wednesday, February 14th. Shareholders of record on Wednesday, January 31st will be paid a dividend of $0.018 per share. The ex-dividend date is Tuesday, January 30th. This is an increase from Enduro Royalty Trust’s previous monthly dividend of $0.02. This represents a $0.22 annualized dividend and a yield of 6.75%. Enduro Royalty Trust’s dividend payout ratio is currently 70.97%.
Separately, Zacks Investment Research downgraded Enduro Royalty Trust from a “hold” rating to a “sell” rating in a report on Wednesday, January 24th.
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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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