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 bought 5,000 shares of the firm’s stock in a transaction on Wednesday, January 8th. The stock was purchased at an average cost of $4.83 per share, with a total value of $24,150.00. Following the completion of the acquisition, the insider now directly owns 265,000 shares of the company’s stock, valued at approximately $1,279,950. The trade was a 1.92 % increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

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

• On Monday, January 6th, Richard Page Howard purchased 5,000 shares of North European Oil Royalty Trust stock. The shares were purchased at an average price of $4.77 per share, for a total transaction of $23,850.00.

North European Oil Royalty Trust Stock Performance

Shares of NYSE:NRT traded up $0.26 during midday trading on Wednesday, reaching $4.95. 52,855 shares of the company’s stock traded hands, compared to its average volume of 102,391. North European Oil Royalty Trust has a one year low of $3.88 and a one year high of $8.62. The stock has a 50 day moving average of $4.17 and a 200 day moving average of $5.17. The company has a market cap of $45.49 million, a price-to-earnings ratio of 10.76 and a beta of 0.76.

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 (EPS) for the quarter.

North European Oil Royalty Trust Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Friday, November 15th were paid a dividend of $0.02 per share. The ex-dividend date of this dividend was Friday, November 15th. This represents a $0.08 dividend on an annualized basis and a yield of 1.62%. North European Oil Royalty Trust’s dividend payout ratio is presently 15.38%.

Hedge Funds Weigh In On North European Oil Royalty Trust

A hedge fund recently bought a new stake in North European Oil Royalty Trust stock. Swan Global Investments LLC bought a new stake in North European Oil Royalty Trust (NYSE:NRT) during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 31,850 shares of the energy company’s stock, valued at approximately $167,000. 6.97% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

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

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.