North European Oil Royalty Trust (NYSE:NRT – Get Free Report) shares passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $6.31 and traded as low as $5.12. North European Oil Royalty Trust shares last traded at $5.23, with a volume of 40,777 shares traded.
North European Oil Royalty Trust Trading Up 2.1 %
The stock has a market cap of $48.06 million, a P/E ratio of 3.99 and a beta of 0.81. The firm’s fifty day moving average is $5.90 and its 200 day moving average is $6.31.
North European Oil Royalty Trust (NYSE:NRT – Get Free Report) last announced its earnings results on Friday, August 30th. The energy company reported $0.21 EPS for the quarter. The firm had revenue of $2.46 million during the quarter.
North European Oil Royalty Trust Increases Dividend
Institutional Trading of North European Oil Royalty Trust
An institutional investor recently raised its position in North European Oil Royalty Trust stock. Comerica Bank grew its stake in North European Oil Royalty Trust (NYSE:NRT – Free Report) by 141.0% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,304 shares of the energy company’s stock after purchasing an additional 2,518 shares during the period. Comerica Bank’s holdings in North European Oil Royalty Trust were worth $26,000 as of its most recent SEC filing. Hedge funds and other institutional investors own 6.97% of the company’s stock.
North European Oil Royalty Trust Company Profile
North European Oil Royalty Trust, a grantor trust, holds overriding royalty rights covering gas and oil production in various concessions or leases in the Federal Republic of Germany. The company also has rights under contracts with German exploration and development subsidiaries of ExxonMobil Corp. and the Royal Dutch/Shell Group of Companies.
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