Cross Timbers Royalty Trust (NYSE:CRT) Posts Quarterly Earnings Results

Cross Timbers Royalty Trust (NYSE:CRTGet 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

Several institutional investors and hedge funds have recently added to or reduced their stakes in CRT. Beacon Pointe Advisors LLC acquired a new stake in shares of Cross Timbers Royalty Trust in the 2nd quarter valued at $1,569,000. NewEdge Advisors LLC acquired a new stake in Cross Timbers Royalty Trust in the first quarter valued at $780,000. Morgan Stanley lifted its holdings in Cross Timbers Royalty Trust by 817.7% during the 4th quarter. Morgan Stanley now owns 20,327 shares of the oil and gas company’s stock worth $517,000 after buying an additional 18,112 shares during the last quarter. Citadel Advisors LLC acquired a new position in shares of Cross Timbers Royalty Trust during the 3rd quarter worth about $216,000. Finally, US Bancorp DE increased its holdings in shares of Cross Timbers Royalty Trust by 347.1% in the 1st quarter. US Bancorp DE now owns 3,800 shares of the oil and gas company’s stock valued at $71,000 after acquiring an additional 2,950 shares during the last quarter.

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.

Get Our Latest Research Report on Cross Timbers Royalty Trust

Cross Timbers Royalty Trust Company Profile

(Get Free Report)

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.

Read More

Earnings History for Cross Timbers Royalty Trust (NYSE:CRT)

Receive News & Ratings for Cross Timbers Royalty Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cross Timbers Royalty Trust and related companies with MarketBeat.com's FREE daily email newsletter.