Peapack Gladstone Financial Corp Invests $73,000 in North European Oil Royalty Trust (NYSE:NRT)

Peapack Gladstone Financial Corp acquired a new stake in North European Oil Royalty Trust (NYSE:NRTFree Report) during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 12,500 shares of the energy company’s stock, valued at approximately $73,000. Peapack Gladstone Financial Corp owned approximately 0.14% of North European Oil Royalty Trust as of its most recent SEC filing.

Separately, Navellier & Associates Inc. boosted its stake in shares of North European Oil Royalty Trust by 20.9% in the 3rd quarter. Navellier & Associates Inc. now owns 30,844 shares of the energy company’s stock valued at $377,000 after purchasing an additional 5,336 shares in the last quarter. 6.97% of the stock is owned by hedge funds and other institutional investors.

North European Oil Royalty Trust Stock Down 3.6 %

Shares of North European Oil Royalty Trust stock opened at $6.12 on Friday. The firm’s 50 day moving average is $7.15 and its 200 day moving average is $6.33. North European Oil Royalty Trust has a 1 year low of $4.77 and a 1 year high of $16.36.

North European Oil Royalty Trust Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, May 29th. Stockholders of record on Friday, May 17th were issued a dividend of $0.20 per share. The ex-dividend date was Thursday, May 16th. This is an increase from North European Oil Royalty Trust’s previous quarterly dividend of $0.05. This represents a $0.80 annualized dividend and a dividend yield of 13.07%. North European Oil Royalty Trust’s dividend payout ratio is 61.07%.

About North European Oil Royalty Trust

(Free Report)

North European Oil Royalty Trust, a grantor trust, holds overriding royalty rights covering gas and oil production in various concessions or leases in the Federal Republic of Germany. The company also has rights under contracts with German exploration and development subsidiaries of ExxonMobil Corp. and the Royal Dutch/Shell Group of Companies.

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Institutional Ownership by Quarter for North European Oil Royalty Trust (NYSE:NRT)

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