Cross Timbers Royalty Trust (NYSE:CRT) Stock Crosses Below 200 Day Moving Average - What's Next?

Key Points

• Cross Timbers Royalty Trust's share price has fallen below its 200-day moving average, trading at $8.70 against a $10.05 threshold.
• The company reported $0.15 earnings per share for the last quarter, with a notable return on equity of 231.09% and a net margin of 84.24%.
• The announced dividend of $0.0134 per share yields an impressive 183.0%, with a payout ratio of 17.39%.

Cross Timbers Royalty Trust (NYSE:CRT - Get Free Report) passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $10.05 and traded as low as $8.69. Cross Timbers Royalty Trust shares last traded at $8.70, with a volume of 17,013 shares traded.

Cross Timbers Royalty Trust Price Performance

The stock has a market cap of $49.47 million, a price-to-earnings ratio of 8.96 and a beta of 0.17. The stock's 50-day moving average is $9.14 and its 200-day moving average is $10.00.

Cross Timbers Royalty Trust (NYSE:CRT - Get Free Report) last announced its quarterly earnings results on Wednesday, August 13th. The oil and gas company reported $0.15 earnings per share for the quarter. The company had revenue of $1.31 million for the quarter. Cross Timbers Royalty Trust had a net margin of 84.24% and a return on equity of 231.09%.

Cross Timbers Royalty Trust Dividend Announcement

The business also recently declared a aug 25 dividend, which will be paid on Monday, September 15th. Shareholders of record on Friday, August 29th will be issued a $0.0134 dividend. This represents a dividend yield of 183.0%. The ex-dividend date is Friday, August 29th. Cross Timbers Royalty Trust's dividend payout ratio (DPR) is 17.39%.

Hedge Funds Weigh In On Cross Timbers Royalty Trust

A number of hedge funds have recently made changes to their positions in the business. Bank of America Corp DE raised its stake in shares of Cross Timbers Royalty Trust by 81.3% in the 2nd quarter. Bank of America Corp DE now owns 3,596 shares of the oil and gas company's stock valued at $36,000 after acquiring an additional 1,612 shares during the period. Miracle Mile Advisors LLC raised its stake in shares of Cross Timbers Royalty Trust by 20.0% in the 1st quarter. Miracle Mile Advisors LLC now owns 18,000 shares of the oil and gas company's stock valued at $237,000 after acquiring an additional 3,000 shares during the period. PNC Financial Services Group Inc. raised its stake in shares of Cross Timbers Royalty Trust by 2,500.0% in the 1st quarter. PNC Financial Services Group Inc. now owns 10,400 shares of the oil and gas company's stock valued at $137,000 after acquiring an additional 10,000 shares during the period. Scotia Capital Inc. purchased a new position in shares of Cross Timbers Royalty Trust in the 2nd quarter valued at $109,000. Finally, Citadel Advisors LLC purchased a new position in shares of Cross Timbers Royalty Trust in the 4th quarter valued at $132,000. Hedge funds and other institutional investors own 9.74% of the company's stock.

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.