Beacon Pointe Advisors LLC acquired a new stake in Cross Timbers Royalty Trust (NYSE:CRT - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 62,800 shares of the oil and gas company's stock, valued at approximately $618,000. Beacon Pointe Advisors LLC owned about 1.05% of Cross Timbers Royalty Trust as of its most recent filing with the Securities and Exchange Commission (SEC).
Separately, Miracle Mile Advisors LLC acquired a new position in shares of Cross Timbers Royalty Trust in the 4th quarter valued at $148,000. Hedge funds and other institutional investors own 9.74% of the company's stock.
Cross Timbers Royalty Trust Trading Down 0.6 %
Shares of NYSE:CRT opened at $10.05 on Friday. The company has a market capitalization of $60.30 million, a price-to-earnings ratio of 8.97 and a beta of 0.23. Cross Timbers Royalty Trust has a 12-month low of $8.88 and a 12-month high of $14.40. The business has a 50-day moving average price of $10.83 and a 200 day moving average price of $10.54.
Cross Timbers Royalty Trust (NYSE:CRT - Get Free Report) last announced its quarterly earnings results on Thursday, March 27th. The oil and gas company reported $0.22 earnings per share for the quarter. The business had revenue of $1.48 million during the quarter. Cross Timbers Royalty Trust had a net margin of 88.08% and a return on equity of 262.62%.
Cross Timbers Royalty Trust Cuts Dividend
The company also recently announced a dividend, which will be paid on Wednesday, May 14th. Shareholders of record on Thursday, May 1st will be given a $0.0321 dividend. This represents a yield of 3.8%. The ex-dividend date is Wednesday, April 30th. Cross Timbers Royalty Trust's payout ratio is 40.43%.
About Cross Timbers Royalty Trust
(
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.
Further Reading
Want to see what other hedge funds are holding CRT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Cross Timbers Royalty Trust (NYSE:CRT - Free Report).
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