North European Oil Royalty Trust (NYSE:NRT) Shares Pass Below 200-Day Moving Average – Time to Sell?

Shares of North European Oil Royalty Trust (NYSE:NRT) passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $4.63 and traded as low as $4.63. North European Oil Royalty Trust shares last traded at $4.85, with a volume of 87,052 shares.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered North European Oil Royalty Trust from a “buy” rating to a “hold” rating in a research note on Tuesday, March 4th.

North European Oil Royalty Trust Stock Performance

The firm’s 50-day simple moving average is $4.64 and its two-hundred day simple moving average is $4.62. The stock has a market cap of $42.74 million, a price-to-earnings ratio of 8.94 and a beta of 0.31.

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

North European Oil Royalty Trust Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, February 26th. Investors of record on Friday, February 14th were issued a $0.04 dividend. This is a boost from North European Oil Royalty Trust’s previous quarterly dividend of $0.02. The ex-dividend date of this dividend was Friday, February 14th. This represents a $0.16 annualized dividend and a yield of 3.44%. North European Oil Royalty Trust’s dividend payout ratio (DPR) is currently 31.37%.

Institutional Trading of North European Oil Royalty Trust

An institutional investor recently raised its position in North European Oil Royalty Trust stock. Peapack Gladstone Financial Corp grew its holdings in North European Oil Royalty Trust (NYSE:NRT) by 34.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 19,500 shares of the energy company’s stock after purchasing an additional 5,000 shares during the quarter. Peapack Gladstone Financial Corp owned approximately 0.21% of North European Oil Royalty Trust worth $102,000 at the end of the most recent reporting period. 6.97% of the stock is owned by hedge funds and other institutional investors.

North European Oil Royalty Trust Company Profile

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.