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

North European Oil Royalty Trust (NYSE:NRT) insider Richard Page Howard acquired 5,000 shares of the business’s stock in a transaction dated Wednesday, January 8th. The shares were bought at an average cost of $4.83 per share, for a total transaction of $24,150.00. Following the transaction, the insider now directly owns 265,000 shares of the company’s stock, valued at approximately $1,279,950. This trade represents a 1.92 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible 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 bought at an average price of $4.77 per share, with a total value of $23,850.00.

North European Oil Royalty Trust Stock Up 5.5 %

Shares of North European Oil Royalty Trust stock opened at $4.95 on Friday. North European Oil Royalty Trust has a 52-week low of $3.88 and a 52-week high of $8.62. The company has a market capitalization of $45.49 million, a P/E ratio of 10.76 and a beta of 0.76. The company has a 50 day moving average of $4.16 and a 200 day moving average of $5.17.

North European Oil Royalty Trust (NYSE:NRT) last announced its quarterly earnings results on Tuesday, December 31st. The energy company reported $0.06 earnings per share (EPS) for the quarter.

North European Oil Royalty Trust Cuts Dividend

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

Institutional Trading of North European Oil Royalty Trust

A hedge fund recently raised its stake in North European Oil Royalty Trust stock. Peapack Gladstone Financial Corp grew its stake in North European Oil Royalty Trust (NYSE:NRT) by 34.5% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 19,500 shares of the energy company’s stock after buying an additional 5,000 shares during the period. Peapack Gladstone Financial Corp owned 0.21% of North European Oil Royalty Trust worth $102,000 at the end of the most recent reporting period. 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.

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.