North European Oil Royality Trust (NYSE:NRT) Stock Price Crosses Above Two Hundred Day Moving Average – Here’s What Happened

North European Oil Royality Trust (NYSE:NRT)’s share price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $8.37 and traded as high as $8.87. North European Oil Royality Trust shares last traded at $8.8460, with a volume of 11,932 shares traded.

Analyst Ratings Changes

NRT has been the topic of a number of recent analyst reports. Wall Street Zen downgraded North European Oil Royality Trust from a “strong-buy” rating to a “hold” rating in a research report on Saturday, June 13th. Weiss Ratings upgraded North European Oil Royality Trust from a “hold (c)” rating to a “hold (c+)” rating in a research report on Thursday, June 11th. One research analyst has rated the stock with a Hold rating, According to MarketBeat.com, the stock currently has a consensus rating of “Hold”.

North European Oil Royality Trust Stock Performance

The stock’s 50 day moving average price is $7.87 and its 200-day moving average price is $8.37. The company has a market cap of $81.29 million, a PE ratio of 8.76 and a beta of -0.07.

North European Oil Royality Trust (NYSE:NRT) last issued its earnings results on Friday, June 5th. The energy company reported $0.22 EPS for the quarter. The company had revenue of $2.38 million for the quarter. North European Oil Royality Trust had a net margin of 91.27% and a return on equity of 498.36%.

North European Oil Royality Trust Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, August 31st. Stockholders of record on Monday, August 17th will be paid a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a dividend yield of 11.8%. This is an increase from North European Oil Royality Trust’s previous quarterly dividend of $0.22. The ex-dividend date of this dividend is Monday, August 17th. North European Oil Royality Trust’s payout ratio is 87.13%.

Institutional Investors Weigh In On North European Oil Royality Trust

Hedge funds and other institutional investors have recently modified their holdings of the stock. Peapack Gladstone Financial Corp boosted its stake in shares of North European Oil Royality Trust by 11.0% during the fourth quarter. Peapack Gladstone Financial Corp now owns 49,500 shares of the energy company’s stock valued at $326,000 after purchasing an additional 4,900 shares during the period. Advisory Services Network LLC bought a new stake in North European Oil Royality Trust during the 4th quarter valued at $235,000. LPL Financial LLC raised its holdings in North European Oil Royality Trust by 11.2% during the 4th quarter. LPL Financial LLC now owns 30,503 shares of the energy company’s stock valued at $201,000 after buying an additional 3,060 shares during the last quarter. Bank of America Corp DE boosted its position in North European Oil Royality Trust by 210.5% during the 2nd quarter. Bank of America Corp DE now owns 29,500 shares of the energy company’s stock valued at $148,000 after buying an additional 20,000 shares during the period. Finally, Susquehanna International Group LLP purchased a new stake in North European Oil Royality Trust during the 3rd quarter valued at $134,000. Institutional investors own 6.97% of the company’s stock.

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.