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 stock in a transaction dated Tuesday, January 14th. The stock was acquired at an average cost of $4.96 per share, with a total value of $24,800.00. Following the transaction, the insider now directly owns 270,000 shares in the company, valued at approximately $1,339,200. This trade represents a 1.89 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at 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, 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 shares were bought at an average cost of $4.77 per share, for a total transaction of $23,850.00.

North European Oil Royalty Trust Stock Performance

NRT stock opened at $4.91 on Thursday. North European Oil Royalty Trust has a one year low of $3.88 and a one year high of $8.62. The firm has a market cap of $45.12 million, a price-to-earnings ratio of 10.67 and a beta of 0.76. The firm has a 50-day simple moving average of $4.22 and a two-hundred day simple moving average of $5.13.

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

North European Oil Royalty Trust Cuts Dividend

The firm also recently disclosed 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 of this dividend was Friday, November 15th. This represents a $0.08 annualized dividend and a dividend yield of 1.63%. North European Oil Royalty Trust’s dividend payout ratio is presently 15.38%.

Analyst Upgrades and Downgrades

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

Institutional Trading of 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 holdings in North European Oil Royalty Trust (NYSE:NRT) by 34.5% in the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 19,500 shares of the energy company’s stock after buying an additional 5,000 shares during the quarter. Peapack Gladstone Financial Corp owned about 0.21% of North European Oil Royalty Trust worth $102,000 at the end of the most recent reporting period. 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.