Cross Timbers Royalty Trust (NYSE:CRT) Shares Pass Below 50-Day Moving Average - Here's Why

Key Points

• Cross Timbers Royalty Trust's shares have fallen below their 50-day moving average of $9.56, trading as low as $8.60, with its current price at $8.67.
• The company reported a return on equity of 243.41% and a net margin of 87.50%, indicating strong profitability.
• Cross Timbers Royalty Trust recently declared a dividend of $0.0304 per share, with a payout ratio of 36.36%, to be paid to investors of record.

Cross Timbers Royalty Trust (NYSE:CRT - Get Free Report) crossed below its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $9.56 and traded as low as $8.60. Cross Timbers Royalty Trust shares last traded at $8.67, with a volume of 11,290 shares.

Cross Timbers Royalty Trust Trading Up 0.9%

The stock has a fifty day simple moving average of $9.56 and a 200-day simple moving average of $10.26. The company has a market capitalization of $52.04 million, a PE ratio of 8.76 and a beta of 0.17.

Cross Timbers Royalty Trust (NYSE:CRT - Get Free Report) last posted its earnings results on Wednesday, August 13th. The oil and gas company reported $0.15 EPS for the quarter. Cross Timbers Royalty Trust had a return on equity of 243.41% and a net margin of 87.50%.

Cross Timbers Royalty Trust Announces Dividend

The business also recently declared a jul 25 dividend, which will be paid on Thursday, August 14th. Investors of record on Thursday, July 31st will be given a $0.0304 dividend. Cross Timbers Royalty Trust's dividend payout ratio (DPR) is presently 36.36%.

Hedge Funds Weigh In On Cross Timbers Royalty Trust

Institutional investors have recently added to or reduced their stakes in the stock. PNC Financial Services Group Inc. increased its position in 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. acquired a new position in Cross Timbers Royalty Trust during the 2nd quarter worth approximately $109,000. Citadel Advisors LLC acquired a new position in Cross Timbers Royalty Trust during the 4th quarter worth approximately $132,000. Ritholtz Wealth Management acquired a new position in Cross Timbers Royalty Trust during the 2nd quarter worth approximately $169,000. Finally, Miracle Mile Advisors LLC increased its position in Cross Timbers Royalty Trust by 20.0% during the 1st quarter. Miracle Mile Advisors LLC now owns 18,000 shares of the oil and gas company's stock worth $237,000 after purchasing an additional 3,000 shares during the period. Institutional investors and hedge funds 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.

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