StockNews.com Initiates Coverage on Cross Timbers Royalty Trust (NYSE:CRT)

Research analysts at StockNews.com began coverage on shares of Cross Timbers Royalty Trust (NYSE:CRT – Get Rating) in a research note issued on Thursday. The brokerage set a “hold” rating on the oil and gas company’s stock.

Cross Timbers Royalty Trust Stock Down 1.9 %

NYSE:CRT opened at $15.02 on Thursday. Cross Timbers Royalty Trust has a 52 week low of $12.27 and a 52 week high of $30.40. The firm’s 50-day simple moving average is $23.54 and its 200 day simple moving average is $22.60.

Institutional Investors Weigh In On Cross Timbers Royalty Trust

A number of hedge funds have recently made changes to their positions in CRT. Dorsey Wright & Associates bought a new position in Cross Timbers Royalty Trust in the 4th quarter valued at approximately $34,000. Private Trust Co. NA bought a new stake in shares of Cross Timbers Royalty Trust in the 2nd quarter valued at $34,000. Bank of America Corp DE grew its position in Cross Timbers Royalty Trust by 54.9% in the 1st quarter. Bank of America Corp DE now owns 6,374 shares of the oil and gas company’s stock valued at $83,000 after purchasing an additional 2,260 shares during the period. Citadel Advisors LLC acquired a new stake in Cross Timbers Royalty Trust in the 3rd quarter valued at $216,000. Finally, LPL Financial LLC grew its position in Cross Timbers Royalty Trust by 20.9% in the 2nd quarter. LPL Financial LLC now owns 13,010 shares of the oil and gas company’s stock valued at $197,000 after purchasing an additional 2,251 shares during the period.

About Cross Timbers Royalty Trust

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Cross Timbers Royalty Trust is an express trust, which operates as a trustee of Southwest Bank. It is created to collect and distribute monthly net profits income to Unitholders. It has interest in certain royalty and overriding royalty interest properties in Texas, Oklahoma and New Mexico. The firm also has interest in certain working interest properties in Texas and Oklahoma.