North European Oil Royality Trust (NYSE:NRT) Shares Pass Above Two Hundred Day Moving Average - Should You Sell?

Key Points

• NRT shares rose above their 200-day moving average, reaching $9.31 before closing at $9.18, compared with a 200-day average of $8.39.
• Analysts remain cautious, with the stock receiving an overall “Hold” rating after Wall Street Zen downgraded it from “strong buy.”
• The trust reported quarterly EPS of $0.27 on $2.64 million in revenue and increased its quarterly dividend to $0.26 per share, implying an annualized yield of about 11.3%; however, its payout ratio is above 100%.

Shares of North European Oil Royality Trust (NYSE:NRT - Get Free Report) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $8.39 and traded as high as $9.31. North European Oil Royality Trust shares last traded at $9.18, with a volume of 21,950 shares trading hands.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on NRT. Wall Street Zen cut North European Oil Royality Trust from a "strong-buy" rating to a "hold" rating in a research report on Saturday, June 13th. Weiss Ratings restated a "hold (c+)" rating on shares of North European Oil Royality Trust in a research report on Tuesday. One analyst has rated the stock with a Hold rating, According to data from MarketBeat, the company presently has an average rating of "Hold".

North European Oil Royality Trust Stock Performance

The stock's fifty day moving average is $8.54 and its two-hundred day moving average is $8.39. The firm has a market cap of $84.36 million, a price-to-earnings ratio of 9.00 and a beta of -0.07.

North European Oil Royality Trust (NYSE:NRT - Get Free Report) last issued its quarterly earnings data on Tuesday, September 8th. The energy company reported $0.27 earnings per share for the quarter. The firm had revenue of $2.64 million for the quarter. North European Oil Royality Trust had a net margin of 91.06% and a return on equity of 491.20%.

North European Oil Royality Trust Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, August 31st. Stockholders of record on Monday, August 17th were issued a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a dividend yield of 11.3%. This is a boost from North European Oil Royality Trust's previous quarterly dividend of $0.22. The ex-dividend date of this dividend was Monday, August 17th. North European Oil Royality Trust's dividend payout ratio is presently 102.97%.

Hedge Funds Weigh In On North European Oil Royality Trust

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Private Advisor Group LLC acquired a new stake in North European Oil Royality Trust in the 1st quarter valued at approximately $108,000. Verdad Advisers LP acquired a new position in North European Oil Royality Trust during the 4th quarter worth $94,000. Advisory Services Network LLC bought a new position in shares of North European Oil Royality Trust in the fourth quarter worth $235,000. Marshall Wace LLP bought a new position in shares of North European Oil Royality Trust in the fourth quarter worth $96,000. Finally, LPL Financial LLC increased its holdings in shares of North European Oil Royality Trust by 11.2% during the fourth quarter. LPL Financial LLC now owns 30,503 shares of the energy company's stock valued at $201,000 after purchasing an additional 3,060 shares during the period. 6.97% of the stock is owned by institutional investors.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.