Cross Timbers Royalty Trust (NYSE:CRT – Get Free Report) posted its quarterly earnings data on Monday. The oil and gas company reported $0.41 EPS for the quarter, reports. Cross Timbers Royalty Trust had a net margin of 75.62% and a return on equity of 426.70%. The business had revenue of $2.69 million during the quarter.
Cross Timbers Royalty Trust Stock Down 1.2 %
CRT stock opened at $19.25 on Thursday. The business’s 50-day moving average is $19.35 and its two-hundred day moving average is $20.55. Cross Timbers Royalty Trust has a 1 year low of $13.51 and a 1 year high of $30.40.
Cross Timbers Royalty Trust Increases Dividend
The business also recently declared a monthly dividend, which was paid on Tuesday, November 14th. Shareholders of record on Tuesday, October 31st were issued a dividend of $0.11 per share. This is an increase from Cross Timbers Royalty Trust’s previous monthly dividend of $0.09. The ex-dividend date was Monday, October 30th. This represents a $1.32 annualized dividend and a yield of 6.86%.
Institutional Inflows and Outflows
Analyst Upgrades and Downgrades
Separately, StockNews.com initiated coverage on shares of Cross Timbers Royalty Trust in a research report on Thursday, October 5th. They issued a “hold” rating for the company.
Cross Timbers Royalty Trust Company Profile
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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