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

North European Oil Royality Trust (NYSE:NRT) passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $8.26 and traded as low as $7.51. North European Oil Royality Trust shares last traded at $7.8230, with a volume of 20,897 shares trading hands.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on NRT shares. 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 raised shares of North European Oil Royality Trust from a “hold (c)” rating to a “hold (c+)” rating in a report on Thursday, June 11th. One research analyst has rated the stock with a Hold rating, According to MarketBeat, the company presently has an average rating of “Hold”.

North European Oil Royality Trust Stock Performance

The company has a market cap of $71.89 million, a P/E ratio of 7.75 and a beta of -0.04. The business has a 50 day moving average price of $7.66 and a two-hundred day moving average price of $8.26.

North European Oil Royality Trust (NYSE:NRT) last posted its quarterly earnings results on Friday, June 5th. The energy company reported $0.22 earnings per share (EPS) for the quarter. The business had revenue of $2.38 million for 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 paid a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 11.2%. The ex-dividend date of this dividend was Wednesday, May 13th. North European Oil Royality Trust’s dividend payout ratio is 87.13%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Advisory Services Network LLC purchased a new position in shares of North European Oil Royality Trust in the fourth quarter worth $235,000. Peapack Gladstone Financial Corp boosted its position in 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 buying an additional 16,200 shares during the period. LPL Financial LLC boosted its position in 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 buying an additional 3,060 shares during the period. Bank of America Corp DE grew its holdings in North European Oil Royality Trust by 210.5% in the 2nd quarter. Bank of America Corp DE now owns 29,500 shares of the energy company’s stock worth $148,000 after acquiring an additional 20,000 shares during the last quarter. Finally, Susquehanna International Group LLP bought a new stake in North European Oil Royality Trust in the 3rd quarter worth $134,000. 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.