North European Oil Royalty Trust (NYSE:NRT) Insider Richard Page Howard Buys 5,000 Shares

North European Oil Royalty Trust (NYSE:NRT) insider Richard Page Howard purchased 5,000 shares of the company’s stock in a transaction on Tuesday, January 14th. The stock was acquired at an average price of $4.96 per share, for a total transaction of $24,800.00. Following the completion of the transaction, the insider now owns 270,000 shares of the company’s stock, valued at $1,339,200. This represents a 1.89 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Richard Page Howard also recently made the following trade(s):

• On Wednesday, January 8th, Richard Page Howard acquired 5,000 shares of North European Oil Royalty Trust stock. The stock was acquired at an average cost of $4.83 per share, for a total transaction of $24,150.00.
• On Monday, January 6th, Richard Page Howard bought 5,000 shares of North European Oil Royalty Trust stock. The stock was acquired at an average price of $4.77 per share, for a total transaction of $23,850.00.

North European Oil Royalty Trust Stock Up 1.8 %

Shares of NYSE NRT opened at $5.01 on Wednesday. The stock’s fifty day simple moving average is $4.21 and its 200 day simple moving average is $5.13. The stock has a market capitalization of $46.04 million, a price-to-earnings ratio of 10.89 and a beta of 0.76. North European Oil Royalty Trust has a 52-week low of $3.88 and a 52-week high of $8.62.

North European Oil Royalty Trust (NYSE:NRT) last issued its quarterly earnings results on Tuesday, December 31st. The energy company reported $0.06 earnings per share for the quarter.

North European Oil Royalty Trust Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Friday, November 15th were issued a dividend of $0.02 per share. The ex-dividend date was Friday, November 15th. This represents a $0.08 dividend on an annualized basis and a dividend yield of 1.60%. North European Oil Royalty Trust’s dividend payout ratio is currently 15.38%.

Analyst Ratings Changes

Separately, StockNews.com upgraded shares of North European Oil Royalty Trust from a “hold” rating to a “buy” rating in a research report on Wednesday, January 1st.

Institutional Investors Weigh In On North European Oil Royalty Trust

A hedge fund recently raised its stake in North European Oil Royalty Trust stock. Peapack Gladstone Financial Corp raised its position in shares of North European Oil Royalty Trust (NYSE:NRT) by 34.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 19,500 shares of the energy company’s stock after purchasing an additional 5,000 shares during the quarter. Peapack Gladstone Financial Corp owned 0.21% of North European Oil Royalty Trust worth $102,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 6.97% of the company’s stock.

North European Oil Royalty Trust Company Profile

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