Insider Buying: North European Oil Royalty Trust (NYSE:NRT) Insider Purchases 5,000 Shares of Stock

North European Oil Royalty Trust (NYSE:NRT) insider Richard Page Howard bought 5,000 shares of the firm’s stock in a transaction on Wednesday, January 8th. The shares were purchased at an average price of $4.83 per share, for a total transaction of $24,150.00. Following the completion of the transaction, the insider now owns 265,000 shares of the company’s stock, valued at $1,279,950. This represents a 1.92 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

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

• On Monday, January 6th, Richard Page Howard purchased 5,000 shares of North European Oil Royalty Trust stock. The shares were purchased at an average cost of $4.77 per share, with a total value of $23,850.00.

North European Oil Royalty Trust Price Performance

Shares of North European Oil Royalty Trust stock opened at $4.95 on Thursday. North European Oil Royalty Trust has a 1 year low of $3.88 and a 1 year high of $8.62. The business has a 50 day moving average price of $4.17 and a 200 day moving average price of $5.17. The company has a market capitalization of $45.49 million, a P/E ratio of 10.76 and a beta of 0.76.

North European Oil Royalty Trust (NYSE:NRT) last released its quarterly 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 announced a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Friday, November 15th were paid a $0.02 dividend. This represents a $0.08 annualized dividend and a yield of 1.62%. The ex-dividend date of this dividend was Friday, November 15th. North European Oil Royalty Trust’s payout ratio is 15.38%.

Analyst Upgrades and Downgrades

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

Institutional Inflows and Outflows

An institutional investor recently bought a new position 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 third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 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.

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.