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

North European Oil Royalty Trust (NYSE:NRT) insider Richard Page Howard bought 5,000 shares of the stock in a transaction on Wednesday, January 8th. The stock was bought at an average price of $4.83 per share, for a total transaction of $24,150.00. Following the completion of the purchase, the insider now directly owns 265,000 shares in the company, valued at approximately $1,279,950. The trade was a 1.92 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

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

• On Monday, January 6th, Richard Page Howard purchased 5,000 shares of North European Oil Royalty Trust stock. The shares were bought at an average cost of $4.77 per share, with a total value of $23,850.00.

North European Oil Royalty Trust Stock Up 5.5 %

NYSE NRT opened at $4.95 on Thursday. The stock has a market capitalization 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 firm has a 50-day moving average price of $4.17 and a 200 day moving average price of $5.17.

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 Cuts Dividend

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

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 boosted its stake in shares of North European Oil Royalty Trust (NYSE:NRT) by 34.5% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm 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 0.21% of North European Oil Royalty Trust worth $102,000 as of its most recent filing with the Securities and Exchange Commission. Hedge funds and other institutional investors own 6.97% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised shares of North European Oil Royalty Trust from a “hold” rating to a “buy” rating in a research note 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.