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

North European Oil Royalty Trust (NYSE:NRTGet Free Report) crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $5.07 and traded as low as $4.45. North European Oil Royalty Trust shares last traded at $4.57, with a volume of 18,906 shares.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded North European Oil Royalty Trust from a “hold” rating to a “buy” rating in a report on Wednesday, January 1st.

Check Out Our Latest Report on NRT

North European Oil Royalty Trust Stock Performance

The firm’s fifty day moving average price is $4.27 and its 200 day moving average price is $5.07.

North European Oil Royalty Trust (NYSE:NRTGet Free Report) last issued its earnings results on Tuesday, December 31st. The energy company reported $0.06 earnings per share 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 Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Friday, November 15th were given a $0.02 dividend. This represents a $0.08 annualized dividend and a yield of 1.75%. The ex-dividend date was Friday, November 15th. North European Oil Royalty Trust’s dividend payout ratio is 15.38%.

Institutional Investors Weigh In On North European Oil Royalty Trust

An institutional investor recently raised its position in North European Oil Royalty Trust stock. Peapack Gladstone Financial Corp grew its stake in North European Oil Royalty Trust (NYSE:NRTFree Report) by 34.5% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 19,500 shares of the energy company’s stock after buying an additional 5,000 shares during the period. Peapack Gladstone Financial Corp owned approximately 0.21% of North European Oil Royalty Trust worth $102,000 as of its most recent SEC filing. Institutional investors own 6.97% of the company’s stock.

North European Oil Royalty Trust Company Profile

(Get Free Report)

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.

Further Reading

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