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 firm’s stock in a transaction on Thursday, January 16th. The shares were bought at an average price of $4.94 per share, for a total transaction of $24,700.00. Following the completion of the transaction, the insider now directly owns 275,000 shares in the company, valued at approximately $1,358,500. This represents a 1.85 % increase in their position. The purchase was disclosed in a document filed with the SEC, which is available through this link.

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

• On Tuesday, January 14th, Richard Page Howard bought 5,000 shares of North European Oil Royalty Trust stock. The shares were bought at an average price of $4.96 per share, for a total transaction of $24,800.00.
• On Wednesday, January 8th, Richard Page Howard purchased 5,000 shares of North European Oil Royalty Trust stock. The stock was purchased at an average price of $4.83 per share, with a total value of $24,150.00.
• On Monday, January 6th, Richard Page Howard purchased 5,000 shares of North European Oil Royalty Trust stock. The stock was acquired at an average cost of $4.77 per share, for a total transaction of $23,850.00.

North European Oil Royalty Trust Stock Performance

Shares of NYSE NRT opened at $4.97 on Friday. North European Oil Royalty Trust has a 1 year low of $3.88 and a 1 year high of $8.62. The firm’s 50 day moving average price is $4.24 and its 200 day moving average price is $5.12.

North European Oil Royalty Trust (NYSE:NRT) last released 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 had a net margin of 87.43% and a return on equity of 537.09%.

North European Oil Royalty Trust Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Friday, November 15th were given a $0.02 dividend. The ex-dividend date was Friday, November 15th. This represents a $0.08 dividend on an annualized basis and a yield of 1.61%. North European Oil Royalty Trust’s payout ratio is currently 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 report on Wednesday, January 1st.

Institutional Investors Weigh In On North European Oil Royalty Trust

An institutional investor recently raised its position in North European Oil Royalty Trust stock. Peapack Gladstone Financial Corp lifted its stake in shares of North European Oil Royalty Trust (NYSE:NRT) by 34.5% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor 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 approximately 0.21% of North European Oil Royalty Trust worth $102,000 as of its most recent filing with the Securities and Exchange Commission. 6.97% of the stock is owned by 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.