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 purchased 5,000 shares of the company’s stock in a transaction that occurred on Thursday, January 16th. The shares were purchased at an average price of $4.94 per share, for a total transaction of $24,700.00. Following the purchase, the insider now directly owns 275,000 shares in the company, valued at $1,358,500. The trade was a 1.85 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

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

North European Oil Royalty Trust Stock Down 1.8 %

North European Oil Royalty Trust stock opened at $4.97 on Friday. The stock has a 50 day moving average of $4.24 and a two-hundred day moving average of $5.12. North European Oil Royalty Trust has a twelve month low of $3.88 and a twelve month high of $8.62.

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

North European Oil Royalty Trust Cuts Dividend

The company also recently announced 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 annualized dividend and a dividend yield of 1.61%. The ex-dividend date of this dividend was Friday, November 15th. North European Oil Royalty Trust’s dividend payout ratio (DPR) is presently 15.38%.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in North European Oil Royalty Trust stock. Peapack Gladstone Financial Corp raised its holdings in North European Oil Royalty Trust (NYSE:NRT) by 34.5% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 19,500 shares of the energy company’s stock after purchasing an additional 5,000 shares during the quarter. Peapack Gladstone Financial Corp owned 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 currently owned by institutional investors.

Wall Street Analysts Forecast Growth

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.

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.