North European Oil Royality Trust (NRT) Insider Acquires $13,600.00 in Stock
North European Oil Royality Trust (NYSE:NRT) insider Ahron H. Haspel bought 2,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 19th. The shares were acquired at an average price of $6.80 per share, for a total transaction of $13,600.00. Following the transaction, the insider now owns 5,000 shares in the company, valued at $34,000. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.
Shares of North European Oil Royality Trust (NRT) remained flat at $6.80 during midday trading on Wednesday. 14,525 shares of the stock traded hands. The firm’s 50 day moving average is $6.54 and its 200 day moving average is $6.86. The company has a market capitalization of $62.49 million and a P/E ratio of 10.26. North European Oil Royality Trust has a 12-month low of $5.94 and a 12-month high of $8.31.
North European Oil Royality Trust (NYSE:NRT) last released its quarterly earnings data on Friday, August 11th. The energy company reported $0.20 EPS for the quarter. The firm had revenue of $1.97 million for the quarter. North European Oil Royality Trust had a return on equity of 5,668.84% and a net margin of 88.93%.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, August 30th. Stockholders of record on Friday, August 18th were issued a $0.20 dividend. The ex-dividend date of this dividend was Wednesday, August 16th. This represents a $0.80 annualized dividend and a dividend yield of 11.76%. This is an increase from North European Oil Royality Trust’s previous quarterly dividend of $0.19. North European Oil Royality Trust’s payout ratio is currently 123.08%.
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An institutional investor recently bought a new position in North European Oil Royality Trust stock. Virtu KCG Holdings LLC acquired a new position in North European Oil Royality Trust (NYSE:NRT) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 53,480 shares of the energy company’s stock, valued at approximately $362,000. Virtu KCG Holdings LLC owned 0.58% of North European Oil Royality Trust at the end of the most recent quarter. Institutional investors and hedge funds own 11.19% of the company’s stock.
North European Oil Royality Trust Company Profile
North European Oil Royalty Trust is a grantor trust. The Trust, on behalf of the owners, holds overriding royalty rights covering gas and oil production in certain concessions or leases in the Federal Republic of Germany. The rights are held under contracts with local German exploration and development subsidiaries of ExxonMobil Corp.
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