North European Oil Royality Trust (NYSE:NRT) Shares Pass Below 200-Day Moving Average – What’s Next?

North European Oil Royality Trust (NYSE:NRT)’s stock price passed below its 200-day moving average during trading on Wednesday . The stock has a 200-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 trading hands.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on NRT shares. Weiss Ratings reiterated a “hold (c)” rating on shares of North European Oil Royality Trust in a report on Wednesday, April 8th. Wall Street Zen upgraded North European Oil Royality Trust from a “buy” rating to a “strong-buy” rating in a report on Saturday, May 2nd. One research analyst has rated the stock with a Hold rating, According to MarketBeat, North European Oil Royality Trust presently has an average rating of “Hold”.

North European Oil Royality Trust Trading Down 1.8%

The company has a market capitalization of $73.30 million, a price-to-earnings ratio of 8.20 and a beta of -0.04. The company has a fifty day moving average of $8.52 and a 200-day moving average of $7.95.

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

North European Oil Royality Trust Dividend Announcement

The business also recently announced 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 annualized dividend and a dividend yield of 11.0%. The ex-dividend date was Wednesday, May 13th. North European Oil Royality Trust’s payout ratio is currently 88.89%.

Insider Buying and Selling at North European Oil Royality Trust

In other news, insider Richard Page Howard sold 25,000 shares of the business’s stock in a transaction that occurred 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 $2,155,000. The trade was a 9.09% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 3.50% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in NRT. Jane Street Group LLC acquired a new position in North European Oil Royality Trust in the first quarter valued at approximately $60,000. Peapack Gladstone Financial Corp lifted its holdings in North European Oil Royality Trust by 57.0% in the second 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 last quarter. Bank of America Corp DE lifted its holdings in North European Oil Royality Trust by 210.5% in the second quarter. Bank of America Corp DE now owns 29,500 shares of the energy company’s stock valued at $148,000 after acquiring an additional 20,000 shares during the last quarter. Susquehanna International Group LLP acquired a new position in North European Oil Royality Trust in the third quarter valued at approximately $134,000. Finally, LPL Financial LLC lifted its holdings in North European Oil Royality Trust by 11.2% in the fourth quarter. LPL Financial LLC now owns 30,503 shares of the energy company’s stock valued at $201,000 after acquiring an additional 3,060 shares during the last quarter. 6.97% of the stock is currently owned by institutional investors and hedge funds.

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.