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

North European Oil Royalty Trust (NYSE:NRT) insider Richard Page Howard purchased 5,000 shares of the firm’s stock in a transaction on Thursday, January 16th. The shares were acquired at an average cost of $4.94 per share, for a total transaction of $24,700.00. Following the completion of the acquisition, the insider now owns 275,000 shares of the company’s stock, valued at approximately $1,358,500. This trade represents a 1.85 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed 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 acquired at an average cost of $4.96 per share, for a total transaction of $24,800.00.
• On Wednesday, January 8th, Richard Page Howard acquired 5,000 shares of North European Oil Royalty Trust stock. The shares were bought at an average price of $4.83 per share, for a total transaction 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 bought at an average price of $4.77 per share, for a total transaction of $23,850.00.

North European Oil Royalty Trust Stock Up 2.1 %

North European Oil Royalty Trust stock opened at $5.05 on Friday. North European Oil Royalty Trust has a 52-week low of $3.88 and a 52-week high of $8.62. The firm’s fifty day moving average is $4.23 and its 200 day moving average is $5.13.

North European Oil Royalty Trust (NYSE:NRT) last announced its quarterly earnings results on Tuesday, December 31st. The energy company reported $0.06 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 paid a dividend of $0.02 per share. This represents a $0.08 annualized dividend and a yield of 1.59%. The ex-dividend date of this dividend was Friday, November 15th. North European Oil Royalty Trust’s payout ratio is 15.38%.

Analyst Ratings Changes

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

A hedge fund recently bought a new stake 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) during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor purchased 31,850 shares of the energy company’s stock, valued at approximately $167,000. 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.