North European Oil Royalty Trust (NYSE:NRT) Insider Purchases $24,150.00 in Stock

North European Oil Royalty Trust (NYSE:NRT) insider Richard Page Howard purchased 5,000 shares of the stock in a transaction on Wednesday, January 8th. The shares were acquired at an average cost of $4.83 per share, for a total transaction of $24,150.00. Following the transaction, the insider now owns 265,000 shares of the company’s stock, valued at approximately $1,279,950. The trade was a 1.92 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

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

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

North European Oil Royalty Trust Stock Performance

NYSE NRT opened at $5.12 on Friday. The stock has a market cap of $47.05 million, a PE ratio of 11.13 and a beta of 0.76. The firm has a 50-day moving average of $4.18 and a 200-day moving average of $5.16. 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 posted its earnings results on Tuesday, December 31st. The energy company reported $0.06 EPS for the quarter.

North European Oil Royalty Trust Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Friday, November 15th were paid a $0.02 dividend. This represents a $0.08 annualized dividend and a dividend yield of 1.56%. The ex-dividend date of this dividend was Friday, November 15th. North European Oil Royalty Trust’s dividend payout ratio (DPR) is currently 15.38%.

Hedge Funds Weigh In On North European Oil Royalty Trust

An institutional investor recently bought a new position in North European Oil Royalty Trust stock. Swan Global Investments LLC bought a new position in shares of North European Oil Royalty Trust (NYSE:NRT) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 31,850 shares of the energy company’s stock, valued at approximately $167,000. 6.97% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised North European Oil Royalty Trust from a “hold” rating to a “buy” rating in a 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.