North European Oil Royality Trust (NYSE:NRT) Shares Cross Above 200 Day Moving Average – Should You Sell?

Shares of North European Oil Royality Trust (NYSE:NRT) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $8.39 and traded as high as $9.31. North European Oil Royality Trust shares last traded at $9.18, with a volume of 21,950 shares traded.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the stock. Wall Street Zen lowered shares of North European Oil Royality Trust from a “strong-buy” rating to a “hold” rating in a research note on Saturday, June 13th. Weiss Ratings restated a “hold (c+)” rating on shares of North European Oil Royality Trust in a research note on Tuesday. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Hold”.

North European Oil Royality Trust Stock Down 0.1%

The company has a market cap of $83.90 million, a PE ratio of 8.95 and a beta of -0.07. The business’s fifty day moving average is $8.58 and its 200-day moving average is $8.40.

North European Oil Royality Trust (NYSE:NRT) last announced its earnings results on Tuesday, September 8th. The energy company reported $0.27 EPS for the quarter. North European Oil Royality Trust had a net margin of 91.06% and a return on equity of 491.20%. The business had revenue of $2.64 million during the quarter.

North European Oil Royality Trust Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, August 31st. Stockholders of record on Monday, August 17th were paid a $0.26 dividend. This is a positive change from North European Oil Royality Trust’s previous quarterly dividend of $0.22. The ex-dividend date was Monday, August 17th. This represents a $1.04 annualized dividend and a dividend yield of 11.4%. North European Oil Royality Trust’s dividend payout ratio (DPR) is currently 101.96%.

Hedge Funds Weigh In On North European Oil Royality Trust

Institutional investors have recently bought and sold shares of the stock. Advisory Services Network LLC purchased a new position in shares of North European Oil Royality Trust during the 4th quarter valued at about $235,000. Susquehanna International Group LLP purchased a new stake in North European Oil Royality Trust in the 3rd quarter worth approximately $134,000. Bank of America Corp DE increased 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 in the last quarter. Peapack Gladstone Financial Corp increased its holdings in North European Oil Royality Trust by 57.0% in the 2nd quarter. Peapack Gladstone Financial Corp now owns 44,600 shares of the energy company’s stock worth $223,000 after acquiring an additional 16,200 shares in the last quarter. Finally, Marshall Wace LLP bought a new stake in North European Oil Royality Trust during the 4th quarter worth approximately $96,000. 6.97% of the stock is owned by institutional investors.

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.