North European Oil Royalty Trust (NYSE:NRT) shares crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $0.00 and traded as low as $7.45. North European Oil Royalty Trust shares last traded at $7.51, with a volume of 11,251 shares trading hands.
Separately, TheStreet downgraded North European Oil Royalty Trust from a “b-” rating to a “c” rating in a research note on Wednesday, June 26th.
The company’s 50 day moving average price is $7.19. The stock has a market cap of $67.89 million, a P/E ratio of 9.47 and a beta of 0.47.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, August 28th. Stockholders of record on Friday, August 16th will be paid a $0.22 dividend. The ex-dividend date of this dividend is Thursday, August 15th. This represents a $0.88 annualized dividend and a dividend yield of 11.73%.
An institutional investor recently bought a new position in North European Oil Royalty Trust stock. Lucas Capital Management bought a new position in shares of North European Oil Royalty Trust (NYSE:NRT) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 29,927 shares of the energy company’s stock, valued at approximately $206,000. Lucas Capital Management owned 0.33% of North European Oil Royalty Trust at the end of the most recent quarter. Institutional investors own 14.45% of the company’s stock.
North European Oil Royalty Trust Company Profile (NYSE:NRT)
North European Oil Royalty Trust, a grantor trust, holds overriding royalty rights covering gas and oil production in concessions or leases in the Federal Republic of Germany. It holds rights under contracts with German exploration and development subsidiaries of ExxonMobil Corp. and the Royal Dutch/Shell Group of Companies.
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