North European Oil Royalty Trust (NYSE:NRT) Stock Price Crosses Below 200-Day Moving Average – Here’s Why

North European Oil Royalty Trust (NYSE:NRT) shares passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $5.07 and traded as low as $4.45. North European Oil Royalty Trust shares last traded at $4.57, with a volume of 18,906 shares changing hands.

Analyst Ratings Changes

Separately, StockNews.com upgraded North European Oil Royalty Trust from a “hold” rating to a “buy” rating in a research report on Wednesday, January 1st.

North European Oil Royalty Trust Stock Performance

The business’s 50-day simple moving average is $4.27 and its 200 day simple moving average is $5.07.

North European Oil Royalty Trust (NYSE:NRT) last issued its quarterly earnings results on Tuesday, December 31st. The energy company reported $0.06 earnings per share (EPS) for the quarter. North European Oil Royalty Trust had a return on equity of 537.09% and a net margin of 87.43%.

North European Oil Royalty Trust Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Friday, November 15th were issued a $0.02 dividend. This represents a $0.08 dividend on an annualized basis and a yield of 1.75%. The ex-dividend date of this dividend was Friday, November 15th. North European Oil Royalty Trust’s payout ratio is 15.38%.

Institutional Trading of North European Oil Royalty Trust

A hedge fund recently raised its stake in North European Oil Royalty Trust stock. Peapack Gladstone Financial Corp increased its stake in North European Oil Royalty Trust (NYSE:NRT) by 34.5% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 19,500 shares of the energy company’s stock after acquiring 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 quarter. Institutional investors own 6.97% of the company’s stock.

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.