North European Oil Royalty Trust (NYSE:NRT – Get Free Report) shares crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $6.33 and traded as low as $5.42. North European Oil Royalty Trust shares last traded at $5.45, with a volume of 21,618 shares changing hands.
North European Oil Royalty Trust Trading Down 2.2 %
The stock has a market capitalization of $48.80 million, a P/E ratio of 4.05 and a beta of 0.83. The business has a 50-day moving average price of $6.08 and a two-hundred day moving average price of $6.32.
North European Oil Royalty Trust (NYSE:NRT – Get Free Report) last announced its quarterly earnings results on Friday, August 30th. The energy company reported $0.21 earnings per share (EPS) for the quarter. The firm had revenue of $2.46 million during the quarter.
North European Oil Royalty Trust Increases Dividend
Institutional Investors Weigh In On North European Oil Royalty Trust
A hedge fund recently raised its stake in North European Oil Royalty Trust stock. Comerica Bank raised its position in shares of North European Oil Royalty Trust (NYSE:NRT – Free Report) by 141.0% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,304 shares of the energy company’s stock after buying an additional 2,518 shares during the period. Comerica Bank’s holdings in North European Oil Royalty Trust were worth $26,000 at the end of the most recent reporting period. 6.97% of the stock is currently owned by 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.
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