North European Oil Royality Trust (NYSE:NRT) Stock Crosses Below 200-Day Moving Average – What’s Next?

Shares of North European Oil Royality Trust (NYSE:NRT) 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.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the company. Wall Street Zen cut North European Oil Royality Trust from a “strong-buy” rating to a “hold” rating in a report on Saturday. Weiss Ratings raised North European Oil Royality Trust from a “hold (c)” rating to a “hold (c+)” rating in a report on Thursday. One analyst has rated the stock with a Hold rating, According to MarketBeat, the company has an average rating of “Hold”.

North European Oil Royality Trust Stock Down 0.1%

The company’s 50 day moving average is $8.26 and its 200 day moving average is $8.07. The firm has a market capitalization of $70.77 million, a price-to-earnings ratio of 7.62 and a beta of -0.05.

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

North European Oil Royality Trust Dividend Announcement

The firm also recently declared 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 dividend on an annualized basis and a dividend yield of 11.4%. The ex-dividend date was Wednesday, May 13th. North European Oil Royality Trust’s payout ratio is presently 87.13%.

Insider Activity

In related news, insider Richard Page Howard sold 25,000 shares of the business’s stock in a transaction that occurred 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 directly owned 250,000 shares in the company, valued at approximately $2,155,000. The trade was a 9.09% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 3.50% of the company’s stock.

Hedge Funds Weigh In On North European Oil Royality Trust

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Jane Street Group LLC bought a new stake in shares of North European Oil Royality Trust during the 1st quarter valued at $60,000. Peapack Gladstone Financial Corp raised its stake in North European Oil Royality Trust by 57.0% in the second quarter. Peapack Gladstone Financial Corp now owns 44,600 shares of the energy company’s stock valued at $223,000 after purchasing an additional 16,200 shares in the last quarter. Bank of America Corp DE lifted its position in North European Oil Royality Trust by 210.5% during the second quarter. Bank of America Corp DE now owns 29,500 shares of the energy company’s stock worth $148,000 after purchasing an additional 20,000 shares during the period. Susquehanna International Group LLP bought a new stake in North European Oil Royality Trust during the third quarter worth about $134,000. Finally, LPL Financial LLC lifted its position in North European Oil Royality Trust by 11.2% during the fourth quarter. LPL Financial LLC now owns 30,503 shares of the energy company’s stock worth $201,000 after purchasing an additional 3,060 shares during the period. 6.97% of the stock is owned by institutional investors and hedge funds.

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.