31,850 Shares in North European Oil Royalty Trust (NYSE:NRT) Purchased by Swan Global Investments LLC

Swan Global Investments LLC purchased a new stake in North European Oil Royalty Trust (NYSE:NRT) during the third quarter, HoldingsChannel reports. The institutional investor purchased 31,850 shares of the energy company’s stock, valued at approximately $167,000.

Separately, Comerica Bank grew its holdings in North European Oil Royalty Trust by 141.0% during the 1st quarter. Comerica Bank now owns 4,304 shares of the energy company’s stock worth $26,000 after acquiring an additional 2,518 shares during the last quarter. 6.97% of the stock is currently owned by institutional investors.

North European Oil Royalty Trust Trading Up 2.0 %

NRT traded up $0.08 during trading on Wednesday, reaching $4.17. 2,722 shares of the company’s stock were exchanged, compared to its average volume of 61,067. North European Oil Royalty Trust has a one year low of $3.90 and a one year high of $8.62. The firm has a fifty day moving average price of $4.86 and a two-hundred day moving average price of $5.72.

North European Oil Royalty Trust (NYSE:NRT) last issued its quarterly earnings results on Friday, August 30th. The energy company reported $0.21 earnings per share (EPS) for the quarter. The firm had revenue of $2.46 million during the quarter.

North European Oil Royalty Trust Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 27th. Investors of record on Friday, November 15th will be given a dividend of $0.02 per share. The ex-dividend date is Friday, November 15th. This represents a $0.08 dividend on an annualized basis and a dividend yield of 1.92%. North European Oil Royalty Trust’s payout ratio is presently 17.39%.

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.