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 stock in a transaction that occurred on Tuesday, March 17th. The shares were 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 trade represents a 9.09% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

North European Oil Royality Trust Stock Up 9.2%

Shares of NRT traded up $0.82 during mid-day trading on Thursday, reaching $9.78. 262,154 shares of the stock traded hands, compared to its average volume of 127,471. The stock has a fifty day simple moving average of $8.72 and a 200 day simple moving average of $6.89. North European Oil Royality Trust has a 12-month low of $4.00 and a 12-month high of $10.49. The firm has a market cap of $89.88 million, a price-to-earnings ratio of 9.88 and a beta of 0.19.

North European Oil Royality Trust (NYSE:NRT) last released its quarterly 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 during the quarter.

North European Oil Royality Trust Cuts Dividend

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

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in NRT. LPL Financial LLC raised 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 valued at $201,000 after purchasing an additional 3,060 shares in the last quarter. Peapack Gladstone Financial Corp lifted its position in shares of North European Oil Royality Trust by 11.0% during the fourth quarter. Peapack Gladstone Financial Corp now owns 49,500 shares of the energy company’s stock worth $326,000 after purchasing an additional 4,900 shares during the last quarter. Jane Street Group LLC acquired a new position in North European Oil Royality Trust in the first quarter worth about $60,000. Verdad Advisers LP bought a new stake in North European Oil Royality Trust in the fourth quarter valued at about $94,000. Finally, Marshall Wace LLP bought a new stake in North European Oil Royality Trust in the fourth quarter valued at about $96,000. 6.97% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts recently commented on the company. Weiss Ratings reiterated a “hold (c)” rating on shares of North European Oil Royality Trust in a research note on Friday, January 9th. 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. One analyst has rated the stock with a Hold rating, According to MarketBeat, the company has a consensus 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.