North European Oil Royality Trust (NYSE:NRT) Stock Price Crosses Below 200 Day Moving Average – Should You Sell?

North European Oil Royality Trust (NYSE:NRT) passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $8.07 and traded as low as $7.58. North European Oil Royality Trust shares last traded at $7.70, with a volume of 13,392 shares.

Wall Street Analysts Forecast Growth

Several research firms recently commented on NRT. Wall Street Zen cut North European Oil Royality Trust from a “strong-buy” rating to a “hold” rating in a research report on Saturday. Weiss Ratings upgraded North European Oil Royality Trust from a “hold (c)” rating to a “hold (c+)” rating in a research report on Thursday. One analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the company presently has an average rating of “Hold”.

North European Oil Royality Trust Trading Down 0.1%

The stock has a market capitalization of $70.76 million, a price-to-earnings ratio of 7.62 and a beta of -0.05. The firm has a 50-day moving average of $8.26 and a 200 day moving average of $8.07.

North European Oil Royality Trust (NYSE:NRT) last posted its earnings results on Friday, June 5th. The energy company reported $0.22 EPS for the quarter. North European Oil Royality Trust had a return on equity of 498.36% and a net margin of 91.27%.The firm had revenue of $2.38 million for the quarter.

North European Oil Royality Trust Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, May 27th. Stockholders of record on Wednesday, May 13th were given a dividend of $0.22 per share. The ex-dividend date was Wednesday, May 13th. This represents a $0.88 annualized dividend and a dividend yield of 11.4%. North European Oil Royality Trust’s dividend payout ratio (DPR) is 87.13%.

Insider Activity

In other news, insider Richard Page Howard sold 25,000 shares of North European Oil Royality Trust stock in a transaction on Tuesday, March 17th. The stock was sold at an average price of $8.62, for a total transaction of $215,500.00. Following the transaction, the insider directly owned 250,000 shares in the company, valued at approximately $2,155,000. This trade represents a 9.09% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 3.50% of the company’s stock.

Hedge Funds Weigh In On North European Oil Royality Trust

Several hedge funds have recently modified their holdings of the company. LPL Financial LLC increased its position in shares of North European Oil Royality Trust by 11.2% during the 4th quarter. LPL Financial LLC now owns 30,503 shares of the energy company’s stock valued at $201,000 after purchasing an additional 3,060 shares during the period. Peapack Gladstone Financial Corp increased its position in shares of North European Oil Royality Trust by 11.0% during the 4th quarter. Peapack Gladstone Financial Corp now owns 49,500 shares of the energy company’s stock valued at $326,000 after purchasing an additional 4,900 shares during the period. Private Advisor Group LLC acquired a new position in shares of North European Oil Royality Trust during the 1st quarter valued at $108,000. Jane Street Group LLC acquired a new position in shares of North European Oil Royality Trust during the 1st quarter valued at $60,000. Finally, Verdad Advisers LP bought a new stake in shares of North European Oil Royality Trust during the 4th quarter worth $94,000. 6.97% of the stock is currently owned by institutional investors and hedge funds.

About North European Oil Royality Trust

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.