North European Oil Royalty Trust (NYSE:NRT) Shares Pass Above 200 Day Moving Average – Here’s What Happened

North European Oil Royalty Trust (NYSE:NRT)’s stock price passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $4.46 and traded as high as $4.81. North European Oil Royalty Trust shares last traded at $4.76, with a volume of 115,555 shares.

Wall Street Analysts Forecast Growth

Separately, StockNews.com began coverage on North European Oil Royalty Trust in a research report on Thursday, May 8th. They issued a “hold” rating on the stock.

North European Oil Royalty Trust Stock Performance

The firm has a market capitalization of $43.75 million, a P/E ratio of 9.15 and a beta of 0.11. The company has a 50-day moving average price of $4.53 and a 200-day moving average price of $4.46.

North European Oil Royalty Trust (NYSE:NRT) last posted its quarterly 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 business had revenue of $0.51 million for the quarter.

North European Oil Royalty Trust Increases Dividend

The firm also recently disclosed a dividend, which will be paid on Wednesday, May 28th. Investors of record on Monday, May 19th will be paid a dividend of $0.20 per share. This represents a yield of 16.7%. The ex-dividend date of this dividend is Friday, May 16th. This is an increase from North European Oil Royalty Trust’s previous dividend of $0.16. North European Oil Royalty Trust’s dividend payout ratio (DPR) is presently 156.86%.

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 increased its holdings in shares of North European Oil Royalty Trust (NYSE:NRT) by 102.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm 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 0.70% of North European Oil Royalty Trust worth $261,000 as of its most recent SEC filing. 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.