North European Oil Royalty Trust (NYSE:NRT) Insider Purchases $23,850.00 in Stock

North European Oil Royalty Trust (NYSE:NRT) insider Richard Page Howard bought 5,000 shares of the business’s stock in a transaction on Monday, January 6th. The shares were acquired at an average cost of $4.77 per share, for a total transaction of $23,850.00. Following the purchase, the insider now directly owns 255,000 shares in the company, valued at $1,216,350. This represents a 2.00 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link.

North European Oil Royalty Trust Price Performance

Shares of NRT traded up $0.01 during midday trading on Monday, reaching $4.76. The stock had a trading volume of 76,747 shares, compared to its average volume of 130,581. North European Oil Royalty Trust has a 52 week low of $3.88 and a 52 week high of $8.62. The firm’s 50 day moving average price is $4.19 and its 200-day moving average price is $5.19. The company has a market capitalization of $43.74 million, a P/E ratio of 10.35 and a beta of 0.76.

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 disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Friday, November 15th were paid a $0.02 dividend. This represents a $0.08 dividend on an annualized basis and a dividend yield of 1.68%. The ex-dividend date was Friday, November 15th. North European Oil Royalty Trust’s dividend payout ratio is presently 15.38%.

Wall Street Analyst Weigh In

Separately, StockNews.com raised 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 bought a new stake 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 third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 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.

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.