Insider Buying: North European Oil Royalty Trust (NYSE:NRT) Insider Purchases $24,800.00 in Stock

North European Oil Royalty Trust (NYSE:NRT) insider Richard Page Howard bought 5,000 shares of the stock in a transaction dated Tuesday, January 14th. The shares were acquired at an average price of $4.96 per share, for a total transaction of $24,800.00. Following the completion of the purchase, the insider now directly owns 270,000 shares in the company, valued at approximately $1,339,200. This trade represents a 1.89 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink.

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

• On Thursday, January 16th, Richard Page Howard acquired 5,000 shares of North European Oil Royalty Trust stock. The shares were bought at an average price of $4.94 per share, with a total value of $24,700.00.
• On Wednesday, January 8th, Richard Page Howard bought 5,000 shares of North European Oil Royalty Trust stock. The stock was bought at an average price 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 bought at an average price of $4.77 per share, with a total value of $23,850.00.

North European Oil Royalty Trust Trading Up 2.1 %

NRT stock opened at $5.05 on Friday. The stock has a fifty day moving average of $4.23 and a 200-day moving average of $5.13. North European Oil Royalty Trust has a fifty-two week low of $3.88 and a fifty-two week high of $8.62.

North European Oil Royalty Trust (NYSE:NRT) last issued its earnings results 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 disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Friday, November 15th were paid a $0.02 dividend. The ex-dividend date of this dividend was Friday, November 15th. This represents a $0.08 dividend on an annualized basis and a yield of 1.59%. North European Oil Royalty Trust’s dividend payout ratio is 15.38%.

Institutional Investors Weigh In On North European Oil Royalty Trust

A hedge fund recently bought a new stake 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) during the third quarter, according to its most recent filing with the SEC. The fund acquired 31,850 shares of the energy company’s stock, valued at approximately $167,000. Hedge funds and other institutional investors own 6.97% of the company’s stock.

Analyst Upgrades and Downgrades

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