Insider Selling: North European Oil Royality Trust (NYSE:NRT) Insider Sells $215,500.00 in Stock

North European Oil Royality Trust (NYSE:NRT) insider Richard Page Howard sold 25,000 shares of the business’s stock in a transaction 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 sale, the insider owned 250,000 shares in the company, valued at $2,155,000. The trade was a 9.09% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

North European Oil Royality Trust Stock Down 2.6%

NYSE:NRT opened at $9.51 on Friday. The firm’s fifty day simple moving average is $8.79 and its 200-day simple moving average is $6.95. The stock has a market cap of $87.40 million, a PE ratio of 9.61 and a beta of 0.19. North European Oil Royality Trust has a fifty-two week low of $4.00 and a fifty-two week high of $10.49.

North European Oil Royality Trust (NYSE:NRT) last announced its quarterly earnings data on Monday, March 2nd. The energy company reported $0.21 EPS for the quarter. The firm 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 business also recently declared a quarterly dividend, which was paid on Wednesday, February 25th. Stockholders of record on Friday, February 13th were given a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis 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%.

Institutional Investors Weigh In On North European Oil Royality Trust

A number of large investors have recently added to or reduced their stakes in the business. Jane Street Group LLC acquired a new position in North European Oil Royality Trust during the first quarter worth about $60,000. Verdad Advisers LP acquired a new stake in shares of North European Oil Royality Trust in the fourth quarter valued at approximately $94,000. Marshall Wace LLP acquired a new stake in shares of North European Oil Royality Trust in the fourth quarter valued at approximately $96,000. Susquehanna International Group LLP purchased a new position in shares of North European Oil Royality Trust during the 3rd quarter worth approximately $134,000. Finally, Bank of America Corp DE increased its stake in shares of North European Oil Royality Trust by 210.5% during the 2nd quarter. Bank of America Corp DE now owns 29,500 shares of the energy company’s stock worth $148,000 after purchasing an additional 20,000 shares in the last quarter. 6.97% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the company. Weiss Ratings reissued a “hold (c)” rating on shares of North European Oil Royality Trust in a research note on Friday, January 9th. Wall Street Zen downgraded North European Oil Royality Trust from a “strong-buy” rating to a “buy” rating in a research note on Saturday. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat.com, North European Oil Royality Trust 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.