North European Oil Royality Trust (NYSE:NRT) Insider Richard Page Howard Sells 25,000 Shares

North European Oil Royality Trust (NYSE:NRT) insider Richard Page Howard sold 25,000 shares of the stock in a transaction that occurred on Tuesday, March 17th. The stock was sold at an average price of $8.62, for a total transaction of $215,500.00. Following the completion of the sale, the insider directly owned 250,000 shares of the company’s stock, valued at $2,155,000. This represents a 9.09% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

North European Oil Royality Trust Price Performance

Shares of NRT stock opened at $9.82 on Friday. North European Oil Royality Trust has a one year low of $4.00 and a one year high of $10.49. The company’s fifty day moving average price is $8.75 and its 200-day moving average price is $6.91. The company has a market capitalization of $90.26 million, a price-to-earnings ratio of 9.92 and a beta of 0.19.

North European Oil Royality Trust (NYSE:NRT) last issued its earnings results on Monday, March 2nd. The energy company reported $0.21 earnings per share for the quarter. The company had revenue of $2.21 million during the quarter. North European Oil Royality Trust had a net margin of 92.51% and a return on equity of 516.79%.

North European Oil Royality Trust Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, February 25th. Investors of record on Friday, February 13th were paid a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 9.0%. The ex-dividend date of this dividend was Friday, February 13th. North European Oil Royality Trust’s dividend payout ratio (DPR) is 88.89%.

Institutional Trading of North European Oil Royality Trust

Large investors have recently added to or reduced their stakes in the company. Jane Street Group LLC bought a new position in shares of North European Oil Royality Trust during the 1st quarter valued at approximately $60,000. Peapack Gladstone Financial Corp increased its position in North European Oil Royality Trust by 57.0% in the second quarter. Peapack Gladstone Financial Corp now owns 44,600 shares of the energy company’s stock worth $223,000 after purchasing an additional 16,200 shares during the last quarter. Bank of America Corp DE raised its stake in North European Oil Royality Trust by 210.5% during the second quarter. Bank of America Corp DE now owns 29,500 shares of the energy company’s stock valued at $148,000 after purchasing an additional 20,000 shares in the last quarter. Susquehanna International Group LLP bought a new position in North European Oil Royality Trust during the third quarter valued at $134,000. Finally, LPL Financial LLC grew its stake in shares of North European Oil Royality Trust by 11.2% in the 4th quarter. LPL Financial LLC now owns 30,503 shares of the energy company’s stock worth $201,000 after buying an additional 3,060 shares in the last quarter. Institutional investors own 6.97% of the company’s stock.

Analyst Upgrades and Downgrades

NRT has been the subject of several recent analyst reports. Wall Street Zen upgraded North European Oil Royality Trust from a “hold” rating to a “strong-buy” rating in a research note on Saturday, January 3rd. Weiss Ratings reissued a “hold (c)” rating on shares of North European Oil Royality Trust in a report on Friday, January 9th. One analyst has rated the stock with a Hold rating, According to data from MarketBeat, the stock currently has an average rating of “Hold”.

About North European Oil Royality Trust

North European Oil Royalty Trust (NYSE: NRT) is a statutory trust that holds an overriding royalty interest in a diversified portfolio of oil and natural gas properties located in the United Kingdom sector of the North Sea. The trust’s sole business is to receive royalty revenues from production activities on its underlying fields and distribute those revenues directly to unitholders. It does not engage in exploration, drilling or field operations.

Under the terms of its governing agreement, the trust is entitled to a fixed percentage of net production revenues, after the deduction of operating and administrative expenses, from a series of established oil and gas fields in the North Sea region.