North European Oil Royalty Trust (NYSE:NRT) Shares Pass Below 200 Day Moving Average – Should You Sell?

North European Oil Royalty Trust (NYSE:NRT)’s share price crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $4.63 and traded as low as $4.63. North European Oil Royalty Trust shares last traded at $4.85, with a volume of 87,052 shares.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered North European Oil Royalty Trust from a “buy” rating to a “hold” rating in a research note on Tuesday, March 4th.

North European Oil Royalty Trust Stock Up 2.7 %

The firm has a market capitalization of $44.57 million, a P/E ratio of 9.33 and a beta of 0.60. The firm’s 50-day simple moving average is $4.64 and its 200-day simple moving average is $4.63.

North European Oil Royalty Trust (NYSE:NRT) last posted its quarterly earnings data on Friday, February 28th. The energy company reported $0.04 earnings per share for the quarter. North European Oil Royalty Trust had a net margin of 87.43% and a return on equity of 537.09%. The firm had revenue of $0.51 million for the quarter.

North European Oil Royalty Trust Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, February 26th. Shareholders of record on Friday, February 14th were paid a dividend of $0.04 per share. The ex-dividend date of this dividend was Friday, February 14th. This represents a $0.16 annualized dividend and a yield of 3.30%. This is a positive change from North European Oil Royalty Trust’s previous quarterly dividend of $0.02. North European Oil Royalty Trust’s payout ratio is 31.37%.

Institutional Trading of North European Oil Royalty Trust

A hedge fund recently raised its stake in North European Oil Royalty Trust stock. Swan Global Investments LLC lifted its stake in North European Oil Royalty Trust (NYSE:NRT) by 102.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 64,600 shares of the energy company’s stock after buying an additional 32,750 shares during the period. Swan Global Investments LLC owned approximately 0.70% of North European Oil Royalty Trust worth $261,000 as of its most recent SEC filing. Institutional investors own 6.97% of the company’s stock.

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.