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

North European Oil Royalty Trust (NYSE:NRT)’s stock price passed below its two hundred day moving average during trading on Monday . The stock has a two hundred 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 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 Tuesday, March 4th.

North European Oil Royalty Trust Trading Up 2.7 %

The business has a fifty day simple moving average of $4.64 and a 200 day simple moving average of $4.63. The stock has a market capitalization of $44.57 million, a P/E ratio of 9.33 and a beta of 0.60.

North European Oil Royalty Trust (NYSE:NRT) last posted 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 net margin of 87.43% and a return on equity of 537.09%. The firm had revenue of $0.51 million during the quarter.

North European Oil Royalty Trust Increases Dividend

The business also recently declared 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 of this dividend was Friday, February 14th. This represents a $0.16 annualized dividend and a yield of 3.30%. This is a positive change from North European Oil Royalty Trust’s previous quarterly dividend of $0.02. North European Oil Royalty Trust’s dividend payout ratio is presently 31.37%.

Institutional Trading of North European Oil Royalty Trust

An institutional investor recently raised its position in North European Oil Royalty Trust stock. Swan Global Investments LLC lifted its holdings in shares of North European Oil Royalty Trust (NYSE:NRT) by 102.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 64,600 shares of the energy company’s stock after buying an additional 32,750 shares during the quarter. Swan Global Investments LLC owned about 0.70% of North European Oil Royalty Trust worth $261,000 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.