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

North European Oil Royality Trust (NYSE:NRT) insider Richard Page Howard sold 25,000 shares of North European Oil Royality Trust stock in a transaction dated Tuesday, March 17th. The stock was sold at an average price of $8.62, for a total value of $215,500.00. Following the completion of the transaction, the insider owned 250,000 shares in the company, valued at approximately $2,155,000. This represents a 9.09% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link.

North European Oil Royality Trust Stock Performance

NYSE NRT opened at $9.51 on Friday. The stock has a 50 day simple moving average of $8.79 and a two-hundred day simple moving average of $6.94. North European Oil Royality Trust has a fifty-two week low of $4.00 and a fifty-two week high of $10.49. The stock has a market cap of $87.40 million, a P/E ratio of 9.61 and a beta of 0.19.

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

North European Oil Royality Trust Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 25th. Investors of record on Friday, February 13th were paid a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 9.3%. The ex-dividend date was Friday, February 13th. North European Oil Royality Trust’s dividend payout ratio (DPR) is presently 88.89%.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on NRT shares. Wall Street Zen cut shares of North European Oil Royality Trust from a “strong-buy” rating to a “buy” rating in a report on Saturday. Weiss Ratings restated a “hold (c)” rating on shares of North European Oil Royality Trust in a research note on Friday, January 9th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the company has an average rating of “Hold”.

Institutional Investors Weigh In On North European Oil Royality Trust

A number of large investors have recently added to or reduced their stakes in NRT. Jane Street Group LLC purchased a new stake in North European Oil Royality Trust during the 1st quarter valued at $60,000. Verdad Advisers LP purchased a new position in shares of North European Oil Royality Trust in the 4th quarter worth $94,000. Marshall Wace LLP bought a new stake in shares of North European Oil Royality Trust in the fourth quarter worth $96,000. Susquehanna International Group LLP bought a new stake in shares of North European Oil Royality Trust in the third quarter worth $134,000. Finally, Bank of America Corp DE increased its position 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 acquiring an additional 20,000 shares during the last quarter. Institutional investors own 6.97% of the company’s stock.

North European Oil Royality Trust Company Profile

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.