North European Oil Royality Trust (NYSE:NRT) Stock Passes Above 50 Day Moving Average - Here's What Happened

Key Points

• Price move: North European Oil Royalty Trust stock passed above its 50‑day moving average on Monday (50‑day = $8.89), trading as high as $9.45 and last at $9.26; the 200‑day moving average is $7.28.
• The trust paid a quarterly dividend of $0.22 (ex‑dividend Feb 13), equal to an annualized $0.88 and a 9.5% yield with a dividend payout ratio of 88.89%.
• Financials and ownership: the company reported $0.21 EPS with a net margin of 92.51% and a P/E of 9.35, while an insider sold 25,000 shares, institutional ownership is about 6.97%, and analysts’ consensus rating is Hold.

North European Oil Royality Trust (NYSE:NRT - Get Free Report)'s stock price passed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $8.89 and traded as high as $9.45. North European Oil Royality Trust shares last traded at $9.26, with a volume of 66,510 shares traded.

Analyst Ratings Changes

Several research analysts have recently issued reports on NRT shares. 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 cut North European Oil Royality Trust from a "strong-buy" rating to a "buy" rating in a research note on Saturday, March 21st. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, North European Oil Royality Trust has an average rating of "Hold".

North European Oil Royality Trust Stock Down 2.5%

The company has a 50 day moving average of $8.89 and a two-hundred day moving average of $7.28. The firm has a market cap of $85.10 million, a P/E ratio of 9.35 and a beta of 0.12.

North European Oil Royality Trust (NYSE:NRT - Get Free Report) last announced its earnings results on Monday, March 2nd. The energy company reported $0.21 earnings per share for the quarter. North European Oil Royality Trust had a return on equity of 516.79% and a net margin of 92.51%.The business had revenue of $2.21 million during the quarter.

North European Oil Royality Trust Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, February 25th. Investors of record on Friday, February 13th were paid a dividend of $0.22 per share. The ex-dividend date of this dividend was Friday, February 13th. This represents a $0.88 annualized dividend and a yield of 9.5%. North European Oil Royality Trust's dividend payout ratio (DPR) is currently 88.89%.

Insiders Place Their Bets

In related news, insider Richard Page Howard sold 25,000 shares of the firm's stock in a transaction dated Tuesday, March 17th. The stock was sold at an average price of $8.62, for a total transaction of $215,500.00. Following the completion of the transaction, the insider owned 250,000 shares of the company's stock, valued at $2,155,000. This trade represents a 9.09% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 3.50% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of NRT. Jane Street Group LLC bought a new position in North European Oil Royality Trust during the first quarter valued at about $60,000. Verdad Advisers LP purchased a new stake in shares of North European Oil Royality Trust during the fourth quarter valued at $94,000. Marshall Wace LLP purchased a new stake in shares of North European Oil Royality Trust during the fourth quarter valued at $96,000. Susquehanna International Group LLP purchased a new stake in shares of North European Oil Royality Trust during the third quarter valued at $134,000. Finally, Bank of America Corp DE lifted its holdings in shares of North European Oil Royality Trust by 210.5% during 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 last quarter. Institutional investors own 6.97% of the company's stock.

About North European Oil Royality Trust

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.

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