Swan Global Investments LLC Buys Shares of 31,850 North European Oil Royalty Trust (NYSE:NRT)

Swan Global Investments LLC bought a new stake in North European Oil Royalty Trust (NYSE:NRT) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 31,850 shares of the energy company’s stock, valued at approximately $167,000.

Separately, Comerica Bank boosted its holdings in North European Oil Royalty Trust by 141.0% during the first quarter. Comerica Bank now owns 4,304 shares of the energy company’s stock worth $26,000 after purchasing an additional 2,518 shares during the last quarter. Institutional investors and hedge funds own 6.97% of the company’s stock.

North European Oil Royalty Trust Stock Performance

NRT traded up $0.08 during trading hours on Wednesday, hitting $4.17. 2,722 shares of the company’s stock were exchanged, compared to its average volume of 61,067. North European Oil Royalty Trust has a 1-year low of $3.90 and a 1-year high of $8.62. The stock’s 50-day moving average is $4.86 and its two-hundred day moving average is $5.72.

North European Oil Royalty Trust (NYSE:NRT) last announced its quarterly earnings results on Friday, August 30th. The energy company reported $0.21 EPS for the quarter. The firm had revenue of $2.46 million during the quarter.

North European Oil Royalty Trust Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 27th. Stockholders of record on Friday, November 15th will be given a $0.02 dividend. This represents a $0.08 annualized dividend and a dividend yield of 1.92%. The ex-dividend date of this dividend is Friday, November 15th. North European Oil Royalty Trust’s payout ratio is presently 17.39%.

North European Oil Royalty Trust 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.