Cross Timbers Royalty Trust (NYSE:CRT) Stock Crosses Above 50-Day Moving Average of $17.39

Cross Timbers Royalty Trust (NYSE:CRTGet Rating) shares crossed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $17.39 and traded as high as $17.78. Cross Timbers Royalty Trust shares last traded at $16.48, with a volume of 66,876 shares.

Cross Timbers Royalty Trust Trading Down 8.7 %

The stock has a market capitalization of $98.88 million, a P/E ratio of 13.51 and a beta of 0.72. The business has a fifty day simple moving average of $17.39 and a 200 day simple moving average of $15.74.

Cross Timbers Royalty Trust (NYSE:CRTGet Rating) last released its quarterly earnings results on Friday, May 13th. The oil and gas company reported $0.28 earnings per share for the quarter. The firm had revenue of $1.95 million for the quarter. Cross Timbers Royalty Trust had a net margin of 91.09% and a return on equity of 223.79%.

Cross Timbers Royalty Trust Increases Dividend

The company also recently announced a monthly dividend, which will be paid on Friday, August 12th. Investors of record on Friday, July 29th will be paid a $0.1917 dividend. This represents a $2.30 dividend on an annualized basis and a yield of 13.96%. The ex-dividend date is Thursday, July 28th. This is a boost from Cross Timbers Royalty Trust’s previous monthly dividend of $0.10. Cross Timbers Royalty Trust’s dividend payout ratio is currently 188.52%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Dorsey Wright & Associates purchased a new stake in shares of Cross Timbers Royalty Trust during the second quarter worth about $33,000. Bank of America Corp DE boosted its holdings in shares of Cross Timbers Royalty Trust by 54.9% during the first quarter. Bank of America Corp DE now owns 6,374 shares of the oil and gas company’s stock worth $83,000 after purchasing an additional 2,260 shares during the period. Waddell & Associates LLC purchased a new stake in Cross Timbers Royalty Trust in the first quarter worth about $147,000. UBS Group AG lifted its holdings in Cross Timbers Royalty Trust by 9.3% in the first quarter. UBS Group AG now owns 13,425 shares of the oil and gas company’s stock worth $176,000 after buying an additional 1,138 shares during the period. Finally, NewEdge Advisors LLC purchased a new stake in Cross Timbers Royalty Trust in the first quarter worth about $780,000. 9.45% of the stock is owned by institutional investors.

Cross Timbers Royalty Trust Company Profile

(Get Rating)

Cross Timbers Royalty Trust operates as an express trust in the United States. It holds 90% net profits interests in certain producing and nonproducing royalty and overriding royalty interest properties in Texas, Oklahoma, and New Mexico; and 75% net profits working interest in four properties in Texas and three properties in Oklahoma.

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