North European Oil Royalty Trust (NYSE:NRT) Stock Price Crosses Below 200 Day Moving Average – Time to Sell?

North European Oil Royalty Trust (NYSE:NRT) crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $4.94 and traded as low as $4.56. North European Oil Royalty Trust shares last traded at $4.79, with a volume of 43,104 shares trading hands.

Analyst Ratings Changes

Separately, StockNews.com downgraded North European Oil Royalty Trust from a “buy” rating to a “hold” rating in a research note on Thursday.

North European Oil Royalty Trust Price Performance

The stock has a fifty day simple moving average of $4.38 and a 200-day simple moving average of $4.94. The company has a market capitalization of $44.02 million, a price-to-earnings ratio of 9.21 and a beta of 0.76.

North European Oil Royalty Trust (NYSE:NRT) last posted its earnings results on Tuesday, December 31st. The energy company reported $0.06 earnings per share (EPS) 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 announced a quarterly dividend, which will be paid on Wednesday, February 26th. Stockholders of record on Friday, February 14th will be paid a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a dividend yield of 3.34%. This is an increase from North European Oil Royalty Trust’s previous quarterly dividend of $0.02. The ex-dividend date is Friday, February 14th. North European Oil Royalty Trust’s dividend payout ratio is presently 15.38%.

Institutional Trading of North European Oil Royalty Trust

A hedge fund recently bought a new stake in North European Oil Royalty Trust stock. Swan Global Investments LLC acquired a new position in shares of North European Oil Royalty Trust (NYSE:NRT) in the 3rd quarter, according to its most recent filing with the SEC. The fund acquired 31,850 shares of the energy company’s stock, valued at approximately $167,000. 6.97% of the stock is currently owned by institutional investors.

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.