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 purchased 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, January 8th. The stock was acquired at an average cost of $4.83 per share, with a total value of $24,150.00. Following the purchase, the insider now directly owns 265,000 shares of the company’s stock, valued at $1,279,950. This trade represents a 1.92 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

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

North European Oil Royalty Trust Trading Up 5.5 %

Shares of NRT stock traded up $0.26 during midday trading on Wednesday, reaching $4.95. 52,855 shares of the stock were exchanged, compared to its average volume of 102,391. North European Oil Royalty Trust has a 1 year low of $3.88 and a 1 year high of $8.62. The firm has a market cap of $45.49 million, a PE ratio of 10.76 and a beta of 0.76. The company’s 50 day moving average is $4.17 and its two-hundred day moving average is $5.17.

North European Oil Royalty Trust (NYSE:NRT) last issued 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 firm also recently declared 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 was Friday, November 15th. This represents a $0.08 annualized dividend and a dividend yield of 1.62%. North European Oil Royalty Trust’s payout ratio is 15.38%.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in North European Oil Royalty Trust stock. Swan Global Investments LLC bought a new position in North European Oil Royalty Trust (NYSE:NRT) during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 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.

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.

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.