North European Oil Royalty Trust (NYSE:NRT) Stock Price Passes Below 200-Day Moving Average of $13.02

North European Oil Royalty Trust (NYSE:NRT)’s share price passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $13.02 and traded as low as $10.60. North European Oil Royalty Trust shares last traded at $10.79, with a volume of 103,917 shares changing hands.

Wall Street Analyst Weigh In

Separately, StockNews.com cut North European Oil Royalty Trust from a “buy” rating to a “hold” rating in a research note on Friday, August 25th.

North European Oil Royalty Trust Stock Performance

The firm has a market cap of $99.16 million, a P/E ratio of 3.60 and a beta of 1.20. The company has a 50 day moving average of $13.28 and a 200 day moving average of $13.02.

North European Oil Royalty Trust (NYSE:NRT) last announced its quarterly earnings results on Friday, August 18th. The energy company reported $0.21 earnings per share for the quarter. The company had revenue of $2.49 million during the quarter. North European Oil Royalty Trust had a return on equity of 4,219.21% and a net margin of 97.12%.

North European Oil Royalty Trust Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, August 30th. Stockholders of record on Friday, August 18th were paid a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 7.78%. This is a boost from North European Oil Royalty Trust’s previous quarterly dividend of $0.16. The ex-dividend date was Thursday, August 17th. North European Oil Royalty Trust’s payout ratio is presently 28.00%.

Institutional Trading of North European Oil Royalty Trust

A number of institutional investors and hedge funds have recently modified their holdings of NRT. JPMorgan Chase & Co. bought a new stake in North European Oil Royalty Trust during the 2nd quarter valued at approximately $169,000. Navellier & Associates Inc. boosted its stake in North European Oil Royalty Trust by 5.9% during the 2nd quarter. Navellier & Associates Inc. now owns 25,508 shares of the energy company’s stock valued at $331,000 after purchasing an additional 1,418 shares during the period. Ferguson Wellman Capital Management Inc. bought a new stake in North European Oil Royalty Trust in the 2nd quarter valued at $172,000. UBS Group AG boosted its holdings in North European Oil Royalty Trust by 45.2% in the 1st quarter. UBS Group AG now owns 4,788 shares of the energy company’s stock valued at $60,000 after purchasing an additional 1,490 shares during the period. Finally, First Republic Investment Management Inc. bought a new stake in North European Oil Royalty Trust in the 1st quarter valued at $163,000. 4.51% of the stock is currently owned by institutional investors and hedge funds.

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 has rights under contracts with German exploration and development subsidiaries of ExxonMobil Corp. and the Royal Dutch/Shell Group of Companies.