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

North European Oil Royalty Trust (NYSE:NRT) insider Richard Page Howard purchased 5,000 shares of the company’s stock in a transaction that occurred on Monday, January 6th. The shares were purchased at an average cost of $4.77 per share, with a total value of $23,850.00. Following the completion of the purchase, the insider now owns 255,000 shares in the company, valued at $1,216,350. This trade represents a 2.00 % increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at this link.

North European Oil Royalty Trust Stock Down 1.7 %

NRT stock opened at $4.68 on Wednesday. North European Oil Royalty Trust has a twelve month low of $3.88 and a twelve month high of $8.62. The firm has a market cap of $43.01 million, a price-to-earnings ratio of 10.17 and a beta of 0.76. The business’s fifty day simple moving average is $4.18 and its two-hundred day simple moving average is $5.18.

North European Oil Royalty Trust (NYSE:NRT) last posted its quarterly earnings results on Tuesday, December 31st. The energy company reported $0.06 EPS 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. Shareholders of record on Friday, November 15th were issued a dividend of $0.02 per share. The ex-dividend date was Friday, November 15th. This represents a $0.08 annualized dividend and a yield of 1.71%. North European Oil Royalty Trust’s 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.

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 purchased a new stake in shares of North European Oil Royalty Trust (NYSE:NRT) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 31,850 shares of the energy company’s stock, valued at approximately $167,000. 6.97% of the stock is owned by hedge funds and other institutional investors.

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.