North European Oil Royalty Trust (NYSE:NRT) Stock Crosses Below Two Hundred Day Moving Average of $7.00

North European Oil Royalty Trust (NYSE:NRT)’s share price crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $7.00 and traded as low as $6.82. North European Oil Royalty Trust shares last traded at $6.85, with a volume of 89,550 shares traded.

Analyst Upgrades and Downgrades

Separately, TheStreet downgraded North European Oil Royalty Trust from a “b-” rating to a “c” rating in a research report on Tuesday, January 2nd.

North European Oil Royalty Trust Trading Up 0.4 %

The stock has a market capitalization of $62.96 million, a PE ratio of 5.23 and a beta of 0.90. The company’s 50 day simple moving average is $5.92 and its 200 day simple moving average is $7.00.

North European Oil Royalty Trust (NYSE:NRT) last announced its quarterly earnings data on Thursday, February 15th. The energy company reported $0.05 earnings per share (EPS) for the quarter. North European Oil Royalty Trust had a net margin of 97.12% and a return on equity of 1,655.62%. The company had revenue of $0.43 million during the quarter.

North European Oil Royalty Trust Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, February 28th. Stockholders of record on Friday, February 16th were paid a dividend of $0.05 per share. The ex-dividend date was Thursday, February 15th. This represents a $0.20 annualized dividend and a dividend yield of 2.92%. North European Oil Royalty Trust’s dividend payout ratio is presently 15.27%.

Institutional Trading of North European Oil Royalty Trust

Several institutional investors have recently made changes to their positions in NRT. Union Savings Bank acquired a new stake in North European Oil Royalty Trust in the 3rd quarter valued at $665,000. Cambridge Investment Research Advisors Inc. acquired a new stake in North European Oil Royalty Trust in the 3rd quarter valued at $134,000. Navellier & Associates Inc. increased its holdings in North European Oil Royalty Trust by 20.9% in the 3rd quarter. Navellier & Associates Inc. now owns 30,844 shares of the energy company’s stock valued at $377,000 after purchasing an additional 5,336 shares in the last quarter. BNP Paribas Arbitrage SA increased its holdings in North European Oil Royalty Trust by 68.6% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 27,744 shares of the energy company’s stock valued at $340,000 after purchasing an additional 11,287 shares in the last quarter. Finally, JPMorgan Chase & Co. acquired a new stake in North European Oil Royalty Trust in the 2nd quarter valued at $169,000. 6.97% of the stock is owned by hedge funds and other institutional investors.

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.