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

North European Oil Royalty Trust (NYSE:NRT) passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $5.07 and traded as low as $4.45. North European Oil Royalty Trust shares last traded at $4.57, with a volume of 18,906 shares trading hands.

Analysts Set New Price Targets

Separately, StockNews.com raised North European Oil Royalty Trust from a “hold” rating to a “buy” rating in a research note on Wednesday, January 1st.

North European Oil Royalty Trust Trading Down 0.9 %

The stock has a market cap of $41.63 million, a price-to-earnings ratio of 8.71 and a beta of 0.76. The company has a 50 day simple moving average of $4.28 and a 200-day simple moving average of $5.06.

North European Oil Royalty Trust (NYSE:NRT) last posted its quarterly earnings data on Tuesday, December 31st. The energy company reported $0.06 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 Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Friday, November 15th were paid a dividend of $0.02 per share. The ex-dividend date was Friday, November 15th. This represents a $0.08 annualized dividend and a dividend yield of 1.77%. North European Oil Royalty Trust’s dividend payout ratio is presently 15.38%.

Institutional Inflows and Outflows

An institutional investor recently raised its position in North European Oil Royalty Trust stock. Peapack Gladstone Financial Corp raised its position in shares of North European Oil Royalty Trust (NYSE:NRT) by 34.5% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 19,500 shares of the energy company’s stock after acquiring an additional 5,000 shares during the period. Peapack Gladstone Financial Corp owned approximately 0.21% of North European Oil Royalty Trust worth $102,000 at the end of the most recent quarter. 6.97% of the stock is currently owned by institutional investors and hedge funds.

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.