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

North European Oil Royality Trust (NYSE:NRT) shares crossed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $7.93 and traded as low as $7.75. North European Oil Royality Trust shares last traded at $7.92, with a volume of 73,201 shares.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on NRT. Wall Street Zen raised shares of North European Oil Royality Trust from a “buy” rating to a “strong-buy” rating in a research note on Saturday, May 2nd. Weiss Ratings reissued a “hold (c)” rating on shares of North European Oil Royality Trust in a research note on Wednesday, April 8th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat.com, North European Oil Royality Trust presently has a consensus rating of “Hold”.

North European Oil Royality Trust Trading Up 0.6%

The stock has a 50 day simple moving average of $8.55 and a 200 day simple moving average of $7.93. The firm has a market capitalization of $72.78 million, a PE ratio of 8.00 and a beta of -0.04.

North European Oil Royality Trust (NYSE:NRT) last released its quarterly earnings data on Monday, March 2nd. The energy company reported $0.21 earnings per share for the quarter. The firm had revenue of $2.21 million during the quarter. North European Oil Royality Trust had a return on equity of 516.79% and a net margin of 92.51%.

North European Oil Royality Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, May 27th. Stockholders of record on Wednesday, May 13th were given a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 11.1%. The ex-dividend date was Wednesday, May 13th. North European Oil Royality Trust’s dividend payout ratio (DPR) is currently 88.89%.

Insider Buying and Selling at North European Oil Royality Trust

In related news, insider Richard Page Howard sold 25,000 shares of the business’s stock in a transaction dated Tuesday, March 17th. The shares were sold at an average price of $8.62, for a total transaction of $215,500.00. Following the transaction, the insider owned 250,000 shares in the company, valued at $2,155,000. The trade was a 9.09% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 3.50% of the company’s stock.

Institutional Investors Weigh In On North European Oil Royality Trust

A number of hedge funds and other institutional investors have recently bought and sold shares of NRT. Jane Street Group LLC bought a new position in shares of North European Oil Royality Trust during the first quarter valued at $60,000. Peapack Gladstone Financial Corp grew its stake in shares of North European Oil Royality Trust by 57.0% during the 2nd quarter. Peapack Gladstone Financial Corp now owns 44,600 shares of the energy company’s stock valued at $223,000 after acquiring an additional 16,200 shares during the period. Bank of America Corp DE raised its position in shares of North European Oil Royality Trust by 210.5% during the 2nd quarter. Bank of America Corp DE now owns 29,500 shares of the energy company’s stock valued at $148,000 after purchasing an additional 20,000 shares during the period. Susquehanna International Group LLP purchased a new position in shares of North European Oil Royality Trust in the third quarter valued at about $134,000. Finally, LPL Financial LLC raised its position in shares of North European Oil Royality Trust by 11.2% during the fourth quarter. LPL Financial LLC now owns 30,503 shares of the energy company’s stock valued at $201,000 after buying an additional 3,060 shares during the last quarter. Hedge funds and other institutional investors own 6.97% of the company’s stock.

North European Oil Royality Trust Company Profile

North European Oil Royalty Trust (NYSE: NRT) is a statutory trust that holds an overriding royalty interest in a diversified portfolio of oil and natural gas properties located in the United Kingdom sector of the North Sea. The trust’s sole business is to receive royalty revenues from production activities on its underlying fields and distribute those revenues directly to unitholders. It does not engage in exploration, drilling or field operations.

Under the terms of its governing agreement, the trust is entitled to a fixed percentage of net production revenues, after the deduction of operating and administrative expenses, from a series of established oil and gas fields in the North Sea region.