North European Oil Royality Trust (NYSE:NRT) Stock Price Passes Below Two Hundred Day Moving Average – Here’s What Happened

Shares of North European Oil Royality Trust (NYSE:NRT) crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $8.21 and traded as low as $7.09. North European Oil Royality Trust shares last traded at $7.2350, with a volume of 40,877 shares trading hands.

Analysts Set New Price Targets

A number of research firms recently weighed in on NRT. Wall Street Zen lowered shares of North European Oil Royality Trust from a “strong-buy” rating to a “hold” rating in a report on Saturday, June 13th. Weiss Ratings upgraded shares of North European Oil Royality Trust from a “hold (c)” rating to a “hold (c+)” rating in a research report on Thursday, June 11th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat.com, North European Oil Royality Trust has a consensus rating of “Hold”.

North European Oil Royality Trust Trading Up 1.2%

The stock has a market cap of $66.49 million, a PE ratio of 7.16 and a beta of -0.04. The firm has a fifty day simple moving average of $7.74 and a two-hundred day simple moving average of $8.21.

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

North European Oil Royality Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, May 27th. Stockholders of record on Wednesday, May 13th were issued a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 12.2%. The ex-dividend date of this dividend was Wednesday, May 13th. North European Oil Royality Trust’s payout ratio is currently 87.13%.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Advisory Services Network LLC purchased a new stake in North European Oil Royality Trust during the fourth quarter valued at about $235,000. Susquehanna International Group LLP purchased a new position in shares of North European Oil Royality Trust in the 3rd quarter worth about $134,000. Bank of America Corp DE increased 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 last quarter. Peapack Gladstone Financial Corp increased its position 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 purchasing an additional 16,200 shares during the last quarter. Finally, Marshall Wace LLP purchased a new position in shares of North European Oil Royality Trust during the 4th quarter valued at about $96,000. Institutional investors own 6.97% of the company’s stock.

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.