Neste Oyj (OTCMKTS:NTOIY) Shares Pass Below 50-Day Moving Average of $13.66

Neste Oyj (OTCMKTS:NTOIY)’s stock price crossed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $13.66 and traded as low as $11.27. Neste Oyj shares last traded at $11.29, with a volume of 15,289 shares traded.

Analyst Ratings Changes

Separately, TD Cowen cut their price objective on shares of Neste Oyj from $19.00 to $18.00 and set a “market perform” rating for the company in a research report on Thursday, March 14th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, Neste Oyj has a consensus rating of “Moderate Buy” and a consensus price target of $18.00.

Neste Oyj Stock Performance

The stock’s 50-day simple moving average is $13.66 and its 200 day simple moving average is $16.05.

Neste Oyj Increases Dividend

The company also recently disclosed a dividend, which was paid on Wednesday, April 24th. Shareholders of record on Tuesday, April 2nd were given a dividend of $0.3261 per share. The ex-dividend date of this dividend was Monday, April 1st. This is an increase from Neste Oyj’s previous dividend of $0.27. Neste Oyj’s dividend payout ratio is presently 45.88%.

About Neste Oyj

Neste Oyj provides renewable diesel and sustainable aviation fuel in Finland, and other Nordic countries, Baltic Rim, other European countries, North and South America, and internationally. The company operates in four segments: Renewable Products, Oil Products, Marketing & Services, and Others. The Renewable Products segment produces, markets, and sells renewable diesel, sustainable aviation fuel, renewable solvents, and feedstock for bioplastics to wholesale markets.