North European Oil Royality Trust (NYSE:NRT) Stock Price Passes Below 200 Day Moving Average – Here’s Why

North European Oil Royality Trust (NYSE:NRT) crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $7.93 and traded as low as $7.75. North European Oil Royality Trust shares last traded at $7.92, with a volume of 73,201 shares changing hands.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on NRT shares. Wall Street Zen upgraded North European Oil Royality Trust from a “buy” rating to a “strong-buy” rating in a report on Saturday, May 2nd. Weiss Ratings restated a “hold (c)” rating on shares of North European Oil Royality Trust in a research note on Wednesday, April 8th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold”.

North European Oil Royality Trust Price Performance

The firm has a market capitalization of $72.78 million, a PE ratio of 8.00 and a beta of -0.04. The company’s fifty day simple moving average is $8.55 and its 200-day simple moving average is $7.93.

North European Oil Royality Trust (NYSE:NRT) last announced its quarterly earnings data on Monday, March 2nd. The energy company reported $0.21 EPS for the quarter. The firm had revenue of $2.21 million during the quarter. North European Oil Royality Trust had a net margin of 92.51% and a return on equity of 516.79%.

North European Oil Royality Trust Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, May 27th. Shareholders of record on Wednesday, May 13th were issued a $0.22 dividend. The ex-dividend date of this dividend was Wednesday, May 13th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 11.1%. North European Oil Royality Trust’s dividend payout ratio (DPR) is currently 88.89%.

Insider Activity at North European Oil Royality Trust

In other news, insider Richard Page Howard sold 25,000 shares of North European Oil Royality Trust stock in a transaction on Tuesday, March 17th. The shares were sold at an average price of $8.62, for a total transaction of $215,500.00. Following the completion of the sale, the insider directly owned 250,000 shares in the company, valued at approximately $2,155,000. The trade was a 9.09% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 3.50% of the company’s stock.

Hedge Funds Weigh In On North European Oil Royality Trust

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Jane Street Group LLC acquired a new stake in North European Oil Royality Trust during the 1st quarter worth about $60,000. Peapack Gladstone Financial Corp grew its stake in North European Oil Royality Trust by 57.0% during the 2nd quarter. Peapack Gladstone Financial Corp now owns 44,600 shares of the energy company’s stock valued at $223,000 after purchasing an additional 16,200 shares during the last quarter. Bank of America Corp DE increased its holdings in shares of North European Oil Royality Trust by 210.5% in the second quarter. Bank of America Corp DE now owns 29,500 shares of the energy company’s stock valued at $148,000 after purchasing an additional 20,000 shares during the period. Susquehanna International Group LLP purchased a new position in shares of North European Oil Royality Trust in the third quarter worth about $134,000. Finally, LPL Financial LLC raised its stake in shares of North European Oil Royality Trust by 11.2% in the fourth quarter. LPL Financial LLC now owns 30,503 shares of the energy company’s stock worth $201,000 after purchasing an additional 3,060 shares during the last quarter. Hedge funds and other institutional investors own 6.97% of the company’s stock.

About North European Oil Royality Trust

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.