Insider Buying: 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 purchased 5,000 shares of the stock in a transaction on Monday, January 6th. The shares were bought at an average cost of $4.77 per share, for a total transaction of $23,850.00. Following the transaction, the insider now directly owns 255,000 shares in the company, valued at approximately $1,216,350. The trade was a 2.00 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

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

• On Wednesday, January 8th, Richard Page Howard acquired 5,000 shares of North European Oil Royalty Trust stock. The shares were purchased at an average price of $4.83 per share, for a total transaction of $24,150.00.

North European Oil Royalty Trust Price Performance

NYSE:NRT opened at $4.95 on Thursday. The company has a market cap of $45.49 million, a P/E ratio of 10.76 and a beta of 0.76. The firm’s fifty day moving average price is $4.17 and its two-hundred day moving average price is $5.17. North European Oil Royalty Trust has a one year low of $3.88 and a one year high of $8.62.

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 Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Friday, November 15th were issued a dividend of $0.02 per share. The ex-dividend date was Friday, November 15th. This represents a $0.08 annualized dividend and a yield of 1.62%. North European Oil Royalty Trust’s payout ratio is currently 15.38%.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in North European Oil Royalty Trust stock. Swan Global Investments LLC bought a new stake in North European Oil Royalty Trust (NYSE:NRT) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 31,850 shares of the energy company’s stock, valued at approximately $167,000. 6.97% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised North European Oil Royalty Trust from a “hold” rating to a “buy” rating in a research report on Wednesday, January 1st.

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.