North European Oil Royalty Trust (NYSE:NRT) Share Price Crosses Below Two Hundred Day Moving Average – What’s Next?

North European Oil Royalty Trust (NYSE:NRT)’s stock price crossed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $4.70 and traded as low as $4.16. North European Oil Royalty Trust shares last traded at $4.32, with a volume of 18,862 shares.

Analyst Upgrades and Downgrades

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

North European Oil Royalty Trust Stock Performance

The firm has a fifty day moving average of $4.68 and a 200 day moving average of $4.70. The firm has a market capitalization of $39.71 million, a PE ratio of 8.31 and a beta of 0.60.

North European Oil Royalty Trust (NYSE:NRT) last announced its earnings results on Friday, February 28th. The energy company reported $0.04 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%. The company had revenue of $0.51 million for the quarter.

North European Oil Royalty Trust Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, February 26th. Investors of record on Friday, February 14th were given a dividend of $0.04 per share. The ex-dividend date was Friday, February 14th. This represents a $0.16 dividend on an annualized basis and a yield of 3.70%. 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 currently 31.37%.

Institutional Investors Weigh In On North European Oil Royalty Trust

An institutional investor recently bought a new position in North European Oil Royalty Trust stock. Swan Global Investments LLC acquired a new stake in shares of North European Oil Royalty Trust (NYSE:NRT) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 31,850 shares of the energy company’s stock, valued at approximately $167,000. 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.