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

North European Oil Royalty Trust (NYSE:NRT) insider Richard Page Howard purchased 5,000 shares of the business’s stock in a transaction on Wednesday, January 8th. The shares were purchased 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 $1,279,950. This trade represents a 1.92 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

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, for a total transaction of $23,850.00.

North European Oil Royalty Trust Stock Up 5.5 %

NYSE NRT opened at $4.95 on Friday. The firm has a market cap of $45.49 million, a P/E ratio of 10.76 and a beta of 0.76. North European Oil Royalty Trust has a 52-week low of $3.88 and a 52-week high of $8.62. The business’s 50-day moving average price is $4.16 and its 200 day moving average price is $5.17.

North European Oil Royalty Trust (NYSE:NRT) last announced its earnings results on Tuesday, December 31st. The energy company reported $0.06 earnings per share for the quarter.

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 paid a $0.02 dividend. The ex-dividend date was Friday, November 15th. This represents a $0.08 annualized dividend and a yield of 1.62%. North European Oil Royalty Trust’s dividend payout ratio is currently 15.38%.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded shares of 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 increased its position in shares of North European Oil Royalty Trust (NYSE:NRT) by 34.5% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 19,500 shares of the energy company’s stock after purchasing an additional 5,000 shares during the period. Peapack Gladstone Financial Corp owned approximately 0.21% of North European Oil Royalty Trust worth $102,000 as of its most recent SEC filing. Institutional investors own 6.97% of the company’s stock.

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.