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

North European Oil Royalty Trust (NYSE:NRT) insider Richard Page Howard bought 5,000 shares of the company’s stock in a transaction dated Tuesday, January 14th. The stock was purchased at an average price of $4.96 per share, for a total transaction of $24,800.00. Following the purchase, the insider now owns 270,000 shares of the company’s stock, valued at approximately $1,339,200. This represents a 1.89 % increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

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

• On Wednesday, January 8th, Richard Page Howard purchased 5,000 shares of North European Oil Royalty Trust stock. The shares were acquired at an average cost of $4.83 per share, for a total transaction of $24,150.00.
• On Monday, January 6th, Richard Page Howard acquired 5,000 shares of North European Oil Royalty Trust stock. The shares were acquired at an average cost of $4.77 per share, with a total value of $23,850.00.

North European Oil Royalty Trust Price Performance

Shares of NYSE NRT traded up $0.09 during mid-day trading on Tuesday, hitting $5.01. 36,195 shares of the company’s stock traded hands, compared to its average volume of 89,451. The company has a market capitalization of $46.04 million, a P/E ratio of 10.89 and a beta of 0.76. The company’s 50-day moving average is $4.20 and its two-hundred day moving average is $5.14. 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 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 company also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Friday, November 15th were issued a $0.02 dividend. This represents a $0.08 dividend on an annualized basis and a dividend yield of 1.60%. The ex-dividend date was Friday, November 15th. North European Oil Royalty Trust’s dividend payout ratio is currently 15.38%.

Institutional Inflows and Outflows

An institutional investor recently bought a new position 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) in the 3rd 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 currently owned by institutional investors and hedge funds.

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 report on Wednesday, January 1st.

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.