North European Oil Royality Trust (NYSE:NRT) Stock Price Crosses Below 200 Day Moving Average – Should You Sell?

North European Oil Royality Trust (NYSE:NRT) shares crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $8.07 and traded as low as $7.58. North European Oil Royality Trust shares last traded at $7.70, with a volume of 13,392 shares traded.

Wall Street Analyst Weigh In

NRT has been the subject of several research reports. Wall Street Zen lowered North European Oil Royality Trust from a “strong-buy” rating to a “hold” rating in a research note on Saturday. Weiss Ratings raised North European Oil Royality Trust from a “hold (c)” rating to a “hold (c+)” rating in a research note on Thursday. One investment analyst has rated the stock with a Hold rating, According to MarketBeat, North European Oil Royality Trust has a consensus rating of “Hold”.

North European Oil Royality Trust Stock Down 0.1%

The firm has a market cap of $70.76 million, a price-to-earnings ratio of 7.62 and a beta of -0.05. The company has a 50-day moving average price of $8.26 and a 200 day moving average price of $8.07.

North European Oil Royality Trust (NYSE:NRT) last issued its earnings results on Friday, June 5th. The energy company reported $0.22 EPS for the quarter. The business had revenue of $2.38 million during the quarter. North European Oil Royality Trust had a return on equity of 498.36% and a net margin of 91.27%.

North European Oil Royality Trust Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, May 27th. Stockholders of record on Wednesday, May 13th were given a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 11.4%. The ex-dividend date of this dividend was Wednesday, May 13th. North European Oil Royality Trust’s dividend payout ratio (DPR) is 87.13%.

Insider Activity at North European Oil Royality Trust

In other news, insider Richard Page Howard sold 25,000 shares of the firm’s stock in a transaction on Tuesday, March 17th. The stock was sold at an average price of $8.62, for a total value of $215,500.00. Following the completion of the sale, the insider owned 250,000 shares of the company’s stock, valued at $2,155,000. This trade represents a 9.09% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. 3.50% of the stock is currently owned by company insiders.

Institutional Trading of North European Oil Royality Trust

Several hedge funds and other institutional investors have recently modified their holdings of NRT. Jane Street Group LLC acquired a new stake in shares of North European Oil Royality Trust in the first quarter worth $60,000. Verdad Advisers LP acquired a new stake in shares of North European Oil Royality Trust in the fourth quarter worth $94,000. Marshall Wace LLP acquired a new stake in North European Oil Royality Trust during the fourth quarter valued at $96,000. Private Advisor Group LLC acquired a new stake in North European Oil Royality Trust during the first quarter valued at $108,000. Finally, Susquehanna International Group LLP acquired a new stake in North European Oil Royality Trust during the third quarter valued at $134,000. Institutional investors and hedge funds own 6.97% of the company’s stock.

About North European Oil Royality Trust

North European Oil Royalty Trust (NYSE: NRT) is a statutory trust that holds an overriding royalty interest in a diversified portfolio of oil and natural gas properties located in the United Kingdom sector of the North Sea. The trust’s sole business is to receive royalty revenues from production activities on its underlying fields and distribute those revenues directly to unitholders. It does not engage in exploration, drilling or field operations.

Under the terms of its governing agreement, the trust is entitled to a fixed percentage of net production revenues, after the deduction of operating and administrative expenses, from a series of established oil and gas fields in the North Sea region.