Key Points
- Insider Richard Page Howard sold 25,000 shares of North European Oil Royalty Trust (NYSE: NRT) on March 17 at an average price of $8.62, generating $215,500 and reducing his stake by 9.09% to 250,000 shares (SEC Form 4).
- The trust paid a quarterly dividend of $0.22 (annualized $0.88), representing a 9.0% yield
- NRT has a market cap of ~$90.3M, a trailing PE of 9.92 and a 52-week range of $4.00–$10.49; analysts’ consensus is an average “Hold” rating, though one firm recently upgraded it to “Strong-Buy.”
North European Oil Royality Trust (NYSE:NRT - Get Free Report) insider Richard Page Howard sold 25,000 shares of the business's stock in a transaction that occurred on Tuesday, March 17th. The shares were sold at an average price of $8.62, for a total value of $215,500.00. Following the transaction, the insider directly 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 legal filing with the SEC, which is available at the SEC website.
North European Oil Royality Trust Stock Up 0.6%
Shares of NRT opened at $9.82 on Friday. The business has a fifty day moving average of $8.75 and a 200 day moving average of $6.91. The company has a market cap of $90.26 million, a PE ratio of 9.92 and a beta of 0.19. North European Oil Royality Trust has a 52-week low of $4.00 and a 52-week high of $10.49.
North European Oil Royality Trust (NYSE:NRT - Get Free Report) last announced its earnings results on Monday, March 2nd. The energy company reported $0.21 earnings per share for the quarter. North European Oil Royality Trust had a net margin of 92.51% and a return on equity of 516.79%. The business had revenue of $2.21 million for the quarter.
North European Oil Royality Trust Cuts Dividend
The firm also recently announced a quarterly dividend, which was paid on Wednesday, February 25th. Shareholders of record on Friday, February 13th were paid a $0.22 dividend. The ex-dividend date was Friday, February 13th. This represents a $0.88 dividend on an annualized basis and a yield of 9.0%. North European Oil Royality Trust's dividend payout ratio (DPR) is presently 88.89%.
Hedge Funds Weigh In On North European Oil Royality Trust
Several institutional investors have recently made changes to their positions in NRT. Advisory Services Network LLC purchased a new position in shares of North European Oil Royality Trust in the 4th quarter valued at $235,000. Susquehanna International Group LLP purchased a new stake in shares of North European Oil Royality Trust during the 3rd quarter worth $134,000. Bank of America Corp DE lifted 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 during the last quarter. Peapack Gladstone Financial Corp boosted its position in North European Oil Royality Trust by 57.0% during the second quarter. Peapack Gladstone Financial Corp now owns 44,600 shares of the energy company's stock valued at $223,000 after purchasing an additional 16,200 shares in the last quarter. Finally, Marshall Wace LLP purchased a new position in North European Oil Royality Trust in the fourth quarter valued at about $96,000. Hedge funds and other institutional investors own 6.97% of the company's stock.
Analyst Upgrades and Downgrades
A number of analysts have recently issued reports on the stock. Wall Street Zen raised shares of North European Oil Royality Trust from a "hold" rating to a "strong-buy" rating in a research note on Saturday, January 3rd. Weiss Ratings reaffirmed a "hold (c)" rating on shares of North European Oil Royality Trust in a research report on Friday, January 9th. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the stock currently has an average rating of "Hold".
Check Out Our Latest Research Report on NRT
North European Oil Royality Trust Company Profile
(
Get Free Report)
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.
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