North European Oil Royality Trust (NYSE:NRT) Shares Cross Above 50-Day Moving Average – What’s Next?

Shares of North European Oil Royality Trust (NYSE:NRT) crossed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $6.94 and traded as high as $9.21. North European Oil Royality Trust shares last traded at $8.9030, with a volume of 121,372 shares traded.

Analysts Set New Price Targets

NRT has been the subject of several analyst reports. Weiss Ratings reissued a “hold (c)” rating on shares of North European Oil Royality Trust in a research note on Friday, January 9th. Wall Street Zen upgraded North European Oil Royality Trust from a “hold” rating to a “strong-buy” rating in a report on Saturday, January 3rd. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the company has an average rating of “Hold”.

North European Oil Royality Trust Stock Up 2.9%

The business’s 50-day simple moving average is $6.94 and its two-hundred day simple moving average is $5.97. The firm has a market capitalization of $81.82 million, a price-to-earnings ratio of 10.86 and a beta of 0.09.

North European Oil Royality Trust (NYSE:NRT) last posted its quarterly earnings data on Wednesday, December 31st. The energy company reported $0.32 earnings per share for the quarter. North European Oil Royality Trust had a net margin of 91.78% and a return on equity of 458.25%. The firm had revenue of $3.06 million during the quarter.

North European Oil Royality Trust Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, November 26th. Stockholders of record on Friday, November 14th were given a dividend of $0.31 per share. This is an increase from North European Oil Royality Trust’s previous quarterly dividend of $0.26. This represents a $1.24 annualized dividend and a dividend yield of 13.9%. The ex-dividend date was Friday, November 14th. North European Oil Royality Trust’s dividend payout ratio (DPR) is 151.22%.

Hedge Funds Weigh In On North European Oil Royality Trust

Several hedge funds have recently bought and sold shares of the company. Jane Street Group LLC purchased a new position in North European Oil Royality Trust during the 1st quarter valued at about $60,000. Peapack Gladstone Financial Corp lifted its position in shares of North European Oil Royality Trust by 57.0% during the second quarter. Peapack Gladstone Financial Corp now owns 44,600 shares of the energy company’s stock worth $223,000 after purchasing an additional 16,200 shares in the last quarter. Bank of America Corp DE boosted its stake in shares of North European Oil Royality Trust by 210.5% in the second quarter. Bank of America Corp DE now owns 29,500 shares of the energy company’s stock valued at $148,000 after purchasing an additional 20,000 shares during the period. Finally, Susquehanna International Group LLP acquired a new position in shares of North European Oil Royality Trust in the third quarter valued at approximately $134,000. Institutional investors and hedge funds own 6.97% of the company’s stock.

North European Oil Royality Trust Company Profile

North European Oil Royalty Trust (NYSE: NRT) is a statutory trust that holds an overriding royalty interest in a diversified portfolio of oil and natural gas properties located in the United Kingdom sector of the North Sea. The trust’s sole business is to receive royalty revenues from production activities on its underlying fields and distribute those revenues directly to unitholders. It does not engage in exploration, drilling or field operations.

Under the terms of its governing agreement, the trust is entitled to a fixed percentage of net production revenues, after the deduction of operating and administrative expenses, from a series of established oil and gas fields in the North Sea region.