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

North European Oil Royalty Trust (NYSE:NRT) insider Richard Page Howard purchased 5,000 shares of the stock in a transaction on Monday, January 6th. The shares were purchased at an average price of $4.77 per share, with a total value of $23,850.00. Following the acquisition, the insider now directly owns 255,000 shares in the company, valued at $1,216,350. This represents a 2.00 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

North European Oil Royalty Trust Price Performance

Shares of NYSE NRT opened at $4.76 on Tuesday. The business has a 50-day moving average of $4.18 and a two-hundred day moving average of $5.18. The company has a market capitalization of $43.74 million, a price-to-earnings ratio of 10.35 and a beta of 0.76. North European Oil Royalty Trust has a 1 year low of $3.88 and a 1 year high of $8.62.

North European Oil Royalty Trust (NYSE:NRT) last posted its 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 business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Friday, November 15th were given a dividend of $0.02 per share. The ex-dividend date was Friday, November 15th. This represents a $0.08 annualized dividend and a dividend yield of 1.68%. North European Oil Royalty Trust’s dividend payout ratio is presently 15.38%.

Wall Street Analyst Weigh In

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

Institutional Inflows and Outflows

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

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.