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

Key Points

• Cross Timbers Royalty Trust shares have fallen below their 200-day moving average, trading at $8.69 compared to the average of $10.12, indicating potential concerns about the stock's performance.
• The trust reported a quarterly earnings per share (EPS) of $0.15, alongside a strong net margin of 84.24% and a return on equity of 231.09% on $1.31 million in revenue.
• A $0.0134 dividend is set to be paid on September 15th to shareholders of record, while the company's current dividend payout ratio stands at 39.13%.

Cross Timbers Royalty Trust (NYSE:CRT - Get Free Report)'s share price passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $10.12 and traded as low as $8.69. Cross Timbers Royalty Trust shares last traded at $8.69, with a volume of 13,039 shares.

Cross Timbers Royalty Trust Trading Down 0.6%

The company has a market capitalization of $52.14 million, a price-to-earnings ratio of 9.45 and a beta of 0.17. The stock's fifty day simple moving average is $9.32 and its 200-day simple moving average is $10.12.

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

Cross Timbers Royalty Trust Announces Dividend

The company also recently disclosed a aug 25 dividend, which will be paid on Monday, September 15th. Shareholders of record on Friday, August 29th will be given a $0.0134 dividend. Cross Timbers Royalty Trust's dividend payout ratio is presently 39.13%.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the stock. Bank of America Corp DE grew its position 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 buying an additional 1,612 shares during the last quarter. Miracle Mile Advisors LLC lifted 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 worth $237,000 after acquiring an additional 3,000 shares during the period. PNC Financial Services Group Inc. lifted 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 worth $137,000 after acquiring an additional 10,000 shares during the period. Scotia Capital Inc. acquired a new stake in shares of Cross Timbers Royalty Trust in the second quarter valued at about $109,000. Finally, Citadel Advisors LLC acquired a new stake in shares of Cross Timbers Royalty Trust in the fourth quarter valued at about $132,000. 9.74% of the stock is owned by hedge funds and other institutional investors.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.