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

Shares of North European Oil Royalty Trust (NYSE:NRT) crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $4.70 and traded as low as $4.16. North European Oil Royalty Trust shares last traded at $4.32, with a volume of 18,862 shares traded.

Analysts Set New Price Targets

Separately, StockNews.com lowered North European Oil Royalty Trust from a “buy” rating to a “hold” rating in a research report on Tuesday, March 4th.

North European Oil Royalty Trust Stock Performance

The firm has a market cap of $39.71 million, a P/E ratio of 8.31 and a beta of 0.60. The stock’s 50-day moving average is $4.68 and its 200 day moving average is $4.70.

North European Oil Royalty Trust (NYSE:NRT) last posted its quarterly earnings data on Friday, February 28th. The energy company reported $0.04 EPS for the quarter. The business had revenue of $0.51 million for the quarter. North European Oil Royalty Trust had a net margin of 87.43% and a return on equity of 537.09%.

North European Oil Royalty Trust Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, February 26th. Stockholders of record on Friday, February 14th were issued a $0.04 dividend. The ex-dividend date was Friday, February 14th. This is an increase from North European Oil Royalty Trust’s previous quarterly dividend of $0.02. This represents a $0.16 dividend on an annualized basis and a dividend yield of 3.70%. North European Oil Royalty Trust’s dividend payout ratio (DPR) is 31.37%.

Institutional Trading of North European Oil Royalty Trust

A hedge fund recently raised its stake in North European Oil Royalty Trust stock. Peapack Gladstone Financial Corp grew its holdings in shares of North European Oil Royalty Trust (NYSE:NRT) by 34.5% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,500 shares of the energy company’s stock after buying an additional 5,000 shares during the quarter. Peapack Gladstone Financial Corp owned approximately 0.21% of North European Oil Royalty Trust worth $102,000 at the end of the most recent reporting period. 6.97% of the stock is currently owned by hedge funds and other institutional investors.

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.