North European Oil Royalty Trust (NYSE:NRT) Share Price Passes Below 200 Day Moving Average – Here’s Why

North European Oil Royalty Trust (NYSE:NRT) shares crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $4.83 and traded as low as $4.51. North European Oil Royalty Trust shares last traded at $4.65, with a volume of 26,010 shares trading hands.

Analysts Set New Price Targets

Separately, StockNews.com cut shares of North European Oil Royalty Trust from a “buy” rating to a “hold” rating in a research report on Saturday.

North European Oil Royalty Trust Stock Performance

The firm’s 50-day moving average price is $4.57 and its 200 day moving average price is $4.83. The company has a market cap of $42.73 million, a price-to-earnings ratio of 8.94 and a beta of 0.76.

North European Oil Royalty Trust (NYSE:NRT) last issued its quarterly earnings results 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 Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, February 26th. Stockholders of record on Friday, February 14th will be given a dividend of $0.04 per share. This is a boost from North European Oil Royalty Trust’s previous quarterly dividend of $0.02. The ex-dividend date is Friday, February 14th. This represents a $0.16 annualized dividend and a dividend yield of 3.44%. North European Oil Royalty Trust’s payout ratio is currently 30.77%.

Institutional Investors Weigh In On North European Oil Royalty Trust

A hedge fund recently raised its stake in North European Oil Royalty Trust stock. Swan Global Investments LLC boosted its position in shares of North European Oil Royalty Trust (NYSE:NRT) by 102.8% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 64,600 shares of the energy company’s stock after purchasing 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. Hedge funds and other institutional investors own 6.97% of the company’s stock.

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.