North European Oil Royalty Trust (NYSE:NRT) Share Price Passes Below 200 Day Moving Average – Here’s What Happened

North European Oil Royalty Trust (NYSE:NRT) crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $4.83 and traded as low as $4.51. North European Oil Royalty Trust shares last traded at $4.65, with a volume of 26,010 shares trading hands.

Analyst Ratings Changes

Separately, StockNews.com lowered shares of North European Oil Royalty Trust from a “buy” rating to a “hold” rating in a research note on Saturday.

North European Oil Royalty Trust Stock Performance

The business has a 50 day simple moving average of $4.57 and a 200-day simple moving average of $4.82. The firm has a market capitalization of $42.73 million, a price-to-earnings ratio of 8.94 and a beta of 0.76.

North European Oil Royalty Trust (NYSE:NRT) last issued its earnings results on Tuesday, December 31st. The energy company reported $0.06 EPS 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 business also recently announced a quarterly dividend, which will be paid on Wednesday, February 26th. Shareholders of record on Friday, February 14th will be given a $0.04 dividend. The ex-dividend date of this dividend is Friday, February 14th. This represents a $0.16 dividend on an annualized basis and a yield of 3.44%. This is a boost from North European Oil Royalty Trust’s previous quarterly dividend of $0.02. North European Oil Royalty Trust’s dividend payout ratio is presently 30.77%.

Hedge Funds Weigh In On 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 position in shares of North European Oil Royalty Trust (NYSE:NRT) by 38.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 27,000 shares of the energy company’s stock after purchasing an additional 7,500 shares during the period. Peapack Gladstone Financial Corp owned approximately 0.29% of North European Oil Royalty Trust worth $109,000 as of its most recent SEC filing. Institutional investors and hedge funds 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.