North European Oil Royalty Trust (NYSE:NRT) Stock Crosses Below 200-Day Moving Average – Here’s Why

Shares of 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 $4.83 and traded as low as $4.51. North European Oil Royalty Trust shares last traded at $4.65, with a volume of 26,010 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut shares of North European Oil Royalty Trust from a “buy” rating to a “hold” rating in a report on Saturday.

North European Oil Royalty Trust Trading Down 3.3 %

The stock has a 50-day simple moving average of $4.57 and a 200 day simple moving average of $4.82. The company has a market cap of $42.73 million, a price-to-earnings ratio of 8.94 and a beta of 0.76.

North European Oil Royalty Trust (NYSE:NRT) last released its earnings results on Tuesday, December 31st. The energy company reported $0.06 EPS for the quarter. North European Oil Royalty Trust had a return on equity of 537.09% and a net margin of 87.43%.

North European Oil Royalty Trust Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, February 26th. Investors of record on Friday, February 14th will be given a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a yield of 3.44%. The ex-dividend date of this dividend is Friday, February 14th. This is a positive change from North European Oil Royalty Trust’s previous quarterly dividend of $0.02. North European Oil Royalty Trust’s dividend payout ratio (DPR) is currently 30.77%.

Institutional Inflows and Outflows

An institutional investor recently raised its position in North European Oil Royalty Trust stock. Peapack Gladstone Financial Corp lifted its stake in shares of North European Oil Royalty Trust (NYSE:NRT) by 34.5% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 19,500 shares of the energy company’s stock after purchasing an additional 5,000 shares during the period. Peapack Gladstone Financial Corp owned about 0.21% of North European Oil Royalty Trust worth $102,000 as of its most recent filing with the Securities & Exchange Commission. 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.