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

North European Oil Royalty Trust (NYSE:NRT)’s stock price crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred 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 traded.

Analyst Ratings Changes

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

North European Oil Royalty Trust Trading Down 3.3 %

The stock has a market capitalization of $42.73 million, a P/E ratio of 8.94 and a beta of 0.76. The firm’s fifty day moving average is $4.57 and its 200-day moving average is $4.83.

North European Oil Royalty Trust (NYSE:NRT) last announced 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 net margin of 87.43% and a return on equity of 537.09%.

North European Oil Royalty Trust Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, February 26th. Investors of record on Friday, February 14th will be issued a dividend of $0.04 per share. This is an increase from North European Oil Royalty Trust’s previous quarterly dividend of $0.02. This represents a $0.16 annualized dividend and a yield of 3.44%. The ex-dividend date is Friday, February 14th. North European Oil Royalty Trust’s dividend payout ratio (DPR) is currently 30.77%.

Hedge Funds Weigh In On North European Oil Royalty Trust

A hedge fund recently raised its stake in North European Oil Royalty Trust stock. Peapack Gladstone Financial Corp raised its stake in North European Oil Royalty Trust (NYSE:NRT) by 34.5% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor 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 about 0.21% of North European Oil Royalty Trust worth $102,000 as of its most recent filing with the Securities and Exchange Commission. Institutional investors and hedge funds own 6.97% of the company’s stock.

About North European Oil Royalty Trust

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.