North European Oil Royalty Trust (NYSE:NRT) Insider Acquires $24,800.00 in Stock

North European Oil Royalty Trust (NYSE:NRT) insider Richard Page Howard bought 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, January 14th. The shares were purchased at an average cost of $4.96 per share, for a total transaction of $24,800.00. Following the acquisition, the insider now directly owns 270,000 shares in the company, valued at $1,339,200. This trade represents a 1.89 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link.

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

• On Thursday, January 16th, Richard Page Howard purchased 5,000 shares of North European Oil Royalty Trust stock. The stock was purchased at an average cost of $4.94 per share, for a total transaction of $24,700.00.
• On Wednesday, January 8th, Richard Page Howard acquired 5,000 shares of North European Oil Royalty Trust stock. The shares were acquired at an average cost of $4.83 per share, with a total value 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 Price Performance

Shares of NYSE:NRT opened at $5.05 on Friday. North European Oil Royalty Trust has a one year low of $3.88 and a one year high of $8.62. The company’s fifty day moving average price is $4.23 and its 200-day moving average price is $5.13.

North European Oil Royalty Trust (NYSE:NRT) last released its earnings results on Tuesday, December 31st. The energy company reported $0.06 EPS for the quarter. North European Oil Royalty Trust had a return on equity of 537.09% and a net margin of 87.43%.

North European Oil Royalty Trust Cuts Dividend

The company 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 1.59%. North European Oil Royalty Trust’s dividend payout ratio (DPR) is presently 15.38%.

Wall Street Analysts Forecast Growth

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

Institutional Trading of North European Oil Royalty Trust

A hedge fund recently bought a new stake in North European Oil Royalty Trust stock. Swan Global Investments LLC purchased a new stake in shares of North European Oil Royalty Trust (NYSE:NRT) during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 31,850 shares of the energy company’s stock, valued at approximately $167,000. 6.97% of the stock is owned by hedge funds and other institutional investors.

About North European Oil Royalty Trust

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.