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

North European Oil Royalty Trust (NYSE:NRT) insider Richard Page Howard bought 5,000 shares of the company’s stock in a transaction on Thursday, January 16th. The shares were acquired at an average price of $4.94 per share, with a total value of $24,700.00. Following the completion of the acquisition, the insider now directly owns 275,000 shares in the company, valued at $1,358,500. This represents a 1.85 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

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

• On Tuesday, January 14th, Richard Page Howard purchased 5,000 shares of North European Oil Royalty Trust stock. The stock was acquired at an average price of $4.96 per share, for a total transaction of $24,800.00.
• On Wednesday, January 8th, Richard Page Howard acquired 5,000 shares of North European Oil Royalty Trust stock. The shares were bought at an average price of $4.83 per share, with a total value of $24,150.00.
• On Monday, January 6th, Richard Page Howard bought 5,000 shares of North European Oil Royalty Trust stock. The stock was bought at an average cost of $4.77 per share, for a total transaction of $23,850.00.

North European Oil Royalty Trust Stock Performance

NRT stock traded up $0.11 during trading on Thursday, hitting $5.05. The stock had a trading volume of 63,091 shares, compared to its average volume of 85,009. North European Oil Royalty Trust has a 1-year low of $3.88 and a 1-year high of $8.62. The stock has a market cap of $46.36 million, a price-to-earnings ratio of 9.70 and a beta of 0.76. The company’s 50 day moving average price is $4.22 and its two-hundred day moving average price is $5.13.

North European Oil Royalty Trust (NYSE:NRT) last posted its quarterly earnings data on Tuesday, December 31st. The energy company reported $0.06 earnings per share for the quarter. North European Oil Royalty Trust had a net margin of 87.43% and a return on equity of 537.09%.

North European Oil Royalty Trust Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Friday, November 15th were paid a dividend of $0.02 per share. This represents a $0.08 dividend on an annualized basis and a dividend yield of 1.59%. The ex-dividend date was Friday, November 15th. North European Oil Royalty Trust’s dividend payout ratio is presently 15.38%.

Institutional Investors Weigh In On North European Oil Royalty Trust

An institutional investor recently bought a new position in North European Oil Royalty Trust stock. Swan Global Investments LLC acquired a new stake in shares of North European Oil Royalty Trust (NYSE:NRT) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 31,850 shares of the energy company’s stock, valued at approximately $167,000. 6.97% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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