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

North European Oil Royalty Trust (NYSE:NRT) insider Richard Page Howard acquired 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, January 8th. The stock was purchased at an average cost 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 of the company’s stock, valued at $1,279,950. The trade was a 1.92 % increase in their ownership of the stock. The transaction was disclosed in a 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 bought 5,000 shares of North European Oil Royalty Trust stock. The stock was acquired at an average cost of $4.77 per share, for a total transaction of $23,850.00.

North European Oil Royalty Trust Trading Up 3.4 %

NRT opened at $5.12 on Friday. The company has a market cap of $47.05 million, a P/E ratio of 11.13 and a beta of 0.76. The company’s 50 day moving average is $4.18 and its 200-day moving average is $5.16. North European Oil Royalty Trust has a 1-year low of $3.88 and a 1-year 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 Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Friday, November 15th were given a dividend of $0.02 per share. 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 1.56%. North European Oil Royalty Trust’s dividend payout ratio is currently 15.38%.

Wall Street Analysts Forecast Growth

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.

Hedge Funds 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 North European Oil Royalty Trust (NYSE:NRT) in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor 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.

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.