North European Oil Royalty Trust (NYSE:NRT) Insider Purchases $23,850.00 in Stock

North European Oil Royalty Trust (NYSE:NRT) insider Richard Page Howard bought 5,000 shares of the firm’s stock in a transaction dated Monday, January 6th. The stock was purchased at an average price of $4.77 per share, with a total value of $23,850.00. Following the transaction, the insider now owns 255,000 shares in the company, valued at approximately $1,216,350. This represents a 2.00 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

North European Oil Royalty Trust Stock Up 0.2 %

Shares of NRT traded up $0.01 during mid-day trading on Monday, hitting $4.76. The stock had a trading volume of 76,747 shares, compared to its average volume of 130,581. The company has a market cap of $43.74 million, a PE ratio of 10.35 and a beta of 0.76. The company’s fifty day simple moving average is $4.19 and its two-hundred day simple moving average is $5.19. North European Oil Royalty Trust has a fifty-two week low of $3.88 and a fifty-two week high of $8.62.

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

North European Oil Royalty Trust Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Friday, November 15th were given a dividend of $0.02 per share. The ex-dividend date of this dividend was Friday, November 15th. This represents a $0.08 dividend on an annualized basis and a yield of 1.68%. North European Oil Royalty Trust’s dividend payout ratio is currently 15.38%.

Institutional Inflows and Outflows

An institutional investor recently raised its position in North European Oil Royalty Trust stock. Peapack Gladstone Financial Corp boosted its stake in shares of North European Oil Royalty Trust (NYSE:NRT) by 34.5% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 19,500 shares of the energy company’s stock after purchasing an additional 5,000 shares during the quarter. Peapack Gladstone Financial Corp owned approximately 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 hedge funds and other institutional investors.

Analysts Set New Price Targets

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.

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.