Beacon Pointe Advisors LLC Takes $618,000 Position in Cross Timbers Royalty Trust (NYSE:CRT)

Beacon Pointe Advisors LLC purchased a new position in shares of Cross Timbers Royalty Trust (NYSE:CRT - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 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 SEC filing.

Separately, Miracle Mile Advisors LLC acquired a new position in shares of Cross Timbers Royalty Trust in the 4th quarter valued at approximately $148,000. 9.74% of the stock is owned by institutional investors.

Cross Timbers Royalty Trust Trading Up 0.6 %

Shares of Cross Timbers Royalty Trust stock traded up $0.06 during trading hours on Friday, reaching $10.15. 7,431 shares of the company's stock were exchanged, compared to its average volume of 31,220. The company has a 50 day moving average of $10.78 and a two-hundred day moving average of $10.51. The stock has a market cap of $60.90 million, a P/E ratio of 9.06 and a beta of 0.17. Cross Timbers Royalty Trust has a fifty-two week low of $8.88 and a fifty-two week high of $14.40.

Cross Timbers Royalty Trust (NYSE:CRT - Get Free Report) last released its quarterly earnings data on Thursday, March 27th. The oil and gas company reported $0.22 earnings per share (EPS) for the quarter. Cross Timbers Royalty Trust had a net margin of 88.08% and a return on equity of 262.62%. The business had revenue of $1.48 million during the quarter.

Cross Timbers Royalty Trust Cuts Dividend

The business also recently disclosed a dividend, which will be paid on Wednesday, May 14th. Investors of record on Thursday, May 1st will be issued a dividend of $0.0321 per share. The ex-dividend date of this dividend is Wednesday, April 30th. This represents a yield of 3.8%. Cross Timbers Royalty Trust's dividend payout ratio (DPR) is presently 40.43%.

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.