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

Key Points

• Cross Timbers Royalty Trust reported a quarterly earnings of $0.15 per share with a net margin of 84.24% and revenue of $1.31 million.
• The company has announced a dividend of $0.0304 per share, with a current dividend payout ratio of 39.13%.
• Shares of Cross Timbers Royalty Trust closed at $8.78, with a market cap of $52.65 million and a 52-week trading range between $8.46 and $13.31.

Cross Timbers Royalty Trust (NYSE:CRT - Get Free Report) issued its earnings results on Wednesday. The oil and gas company reported $0.15 earnings per share for the quarter, Zacks reports. Cross Timbers Royalty Trust had a return on equity of 228.00% and a net margin of 84.24%. The business had revenue of $1.31 million for the quarter.

Cross Timbers Royalty Trust Price Performance

Shares of CRT stock traded up $0.10 during midday trading on Thursday, hitting $8.78. The company had a trading volume of 23,838 shares, compared to its average volume of 25,730. The company's 50 day simple moving average is $9.54 and its 200 day simple moving average is $10.25. Cross Timbers Royalty Trust has a 52-week low of $8.46 and a 52-week high of $13.31. The stock has a market cap of $52.65 million, a price-to-earnings ratio of 9.54 and a beta of 0.17.

Cross Timbers Royalty Trust Dividend Announcement

The business also recently announced a jul 25 dividend, which will be paid on Thursday, August 14th. Shareholders of record on Thursday, July 31st will be paid a $0.0304 dividend. Cross Timbers Royalty Trust's dividend payout ratio (DPR) is currently 39.13%.

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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