North European Oil Royalty Trust (NYSE:NRT) Shares Cross Below Two Hundred Day Moving Average – Time to Sell?

North European Oil Royalty Trust (NYSE:NRT) shares passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $6.27 and traded as low as $5.10. North European Oil Royalty Trust shares last traded at $5.13, with a volume of 32,748 shares traded.

North European Oil Royalty Trust Price Performance

The firm has a 50-day moving average of $5.42 and a 200 day moving average of $6.27. The stock has a market capitalization of $47.14 million, a price-to-earnings ratio of 3.92 and a beta of 0.81.

North European Oil Royalty Trust (NYSE:NRT) last released its quarterly earnings data on Friday, August 30th. The energy company reported $0.21 EPS for the quarter. The company had revenue of $2.46 million during the quarter.

North European Oil Royalty Trust Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, August 28th. Shareholders of record on Friday, August 16th were paid a $0.21 dividend. The ex-dividend date was Friday, August 16th. This represents a $0.84 dividend on an annualized basis and a yield of 16.37%. This is a boost from North European Oil Royalty Trust’s previous quarterly dividend of $0.16. North European Oil Royalty Trust’s dividend payout ratio (DPR) is currently 64.12%.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in North European Oil Royalty Trust stock. Comerica Bank increased its holdings in shares of North European Oil Royalty Trust (NYSE:NRT) by 141.0% in the first quarter, according to its most recent disclosure with the SEC. The firm 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 filing with the SEC. Institutional investors own 6.97% of the company’s stock.

About North European Oil Royalty Trust

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.