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

North European Oil Royalty Trust (NYSE:NRTGet Free Report) crossed 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 changing hands.

Analyst Upgrades and Downgrades

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

Check Out Our Latest Stock Analysis on North European Oil Royalty Trust

North European Oil Royalty Trust Stock Performance

The firm’s fifty day simple moving average is $4.28 and its 200 day simple moving average is $5.06. The stock has a market capitalization of $41.63 million, a P/E ratio of 8.71 and a beta of 0.76.

North European Oil Royalty Trust (NYSE:NRTGet Free Report) last announced its quarterly earnings data 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 Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Friday, November 15th were issued a $0.02 dividend. The ex-dividend date of this dividend was Friday, November 15th. This represents a $0.08 dividend on an annualized basis and a dividend yield of 1.77%. North European Oil Royalty Trust’s dividend payout ratio (DPR) is currently 15.38%.

Institutional Trading of North European Oil Royalty Trust

An institutional investor recently bought a new position in North European Oil Royalty Trust stock. Swan Global Investments LLC purchased a new stake in shares of North European Oil Royalty Trust (NYSE:NRTFree Report) during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 31,850 shares of the energy company’s stock, valued at approximately $167,000. 6.97% of the stock is owned by hedge funds and other institutional investors.

North European Oil Royalty Trust Company Profile

(Get Free Report)

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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