Cross Timbers Royalty Trust (NYSE:CRT) Share Price Crosses Below 200-Day Moving Average - Should You Sell?

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) crossed 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 Stock Performance

The stock has a fifty day simple moving average of $9.24 and a 200-day simple moving average of $10.07. The stock has a market cap of $52.38 million, a P/E ratio of 9.49 and a beta of 0.17.

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

Cross Timbers Royalty Trust Dividend Announcement

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

Hedge Funds Weigh In On Cross Timbers Royalty Trust

Hedge funds have recently made changes to their positions in the business. Bank of America Corp DE lifted its position in shares of Cross Timbers Royalty Trust by 81.3% in the second quarter. Bank of America Corp DE now owns 3,596 shares of the oil and gas company's stock worth $36,000 after purchasing an additional 1,612 shares in the last quarter. Scotia Capital Inc. acquired a new stake in Cross Timbers Royalty Trust in the 2nd quarter valued at $109,000. Citadel Advisors LLC bought a new stake in Cross Timbers Royalty Trust during the 4th quarter worth about $132,000. PNC Financial Services Group Inc. boosted its stake in shares of Cross Timbers Royalty Trust by 2,500.0% during 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 buying an additional 10,000 shares during the last quarter. Finally, Ritholtz Wealth Management acquired a new position in shares of Cross Timbers Royalty Trust during the 2nd quarter worth about $169,000. 9.74% of the stock is owned by 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.