North European Oil Royalty Trust (NYSE:NRT) Stock Crosses Below Two Hundred Day Moving Average – Here’s Why

Shares of North European Oil Royalty Trust (NYSE:NRT) passed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $4.49 and traded as low as $4.43. North European Oil Royalty Trust shares last traded at $4.50, with a volume of 13,196 shares traded.

Analyst Ratings Changes

Separately, StockNews.com initiated coverage on shares of North European Oil Royalty Trust in a research report on Tuesday, April 22nd. They issued a “hold” rating on the stock.

North European Oil Royalty Trust Stock Up 0.7 %

The firm has a market cap of $41.36 million, a P/E ratio of 8.65 and a beta of 0.31. The firm’s 50-day simple moving average is $4.46 and its 200 day simple moving average is $4.49.

North European Oil Royalty Trust (NYSE:NRT) last announced its quarterly earnings data on Friday, February 28th. The energy company reported $0.04 EPS for the quarter. The business had revenue of $0.51 million for the quarter. North European Oil Royalty Trust had a net margin of 87.43% and a return on equity of 537.09%.

North European Oil Royalty Trust Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 26th. Stockholders of record on Friday, February 14th were given a $0.04 dividend. The ex-dividend date was Friday, February 14th. This represents a $0.16 annualized dividend and a dividend yield of 3.56%. This is a positive change from North European Oil Royalty Trust’s previous quarterly dividend of $0.02. North European Oil Royalty Trust’s payout ratio is 31.37%.

Institutional Trading of North European Oil Royalty Trust

A hedge fund recently raised its stake in North European Oil Royalty Trust stock. Swan Global Investments LLC grew its holdings in North European Oil Royalty Trust (NYSE:NRT) by 102.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 64,600 shares of the energy company’s stock after purchasing an additional 32,750 shares during the period. Swan Global Investments LLC owned approximately 0.70% of North European Oil Royalty Trust worth $261,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 6.97% of the company’s stock.

About North European Oil Royalty Trust

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. The company also has rights under contracts with German exploration and development subsidiaries of ExxonMobil Corp. and the Royal Dutch/Shell Group of Companies.