Cross Timbers Royalty Trust (NYSE:CRT) Short Interest Down 30.5% in May

Cross Timbers Royalty Trust (NYSE:CRT - Get Free Report) was the recipient of a significant decline in short interest in the month of May. As of May 31st, there was short interest totalling 4,100 shares, a decline of 30.5% from the May 15th total of 5,900 shares. Currently, 0.1% of the company's shares are sold short. Based on an average daily volume of 30,400 shares, the days-to-cover ratio is currently 0.1 days.

Cross Timbers Royalty Trust Trading Down 0.6%

Shares of Cross Timbers Royalty Trust stock opened at $10.03 on Tuesday. Cross Timbers Royalty Trust has a 12 month low of $8.88 and a 12 month high of $13.31. The stock's fifty day moving average price is $10.17 and its 200-day moving average price is $10.43. The firm has a market cap of $60.18 million, a P/E ratio of 8.96 and a beta of 0.12.

Cross Timbers Royalty Trust (NYSE:CRT - Get Free Report) last released its quarterly earnings results on Wednesday, May 14th. The oil and gas company reported $0.30 earnings per share for the quarter. Cross Timbers Royalty Trust had a net margin of 88.08% and a return on equity of 262.62%.

Cross Timbers Royalty Trust Increases Dividend

The company also recently announced a may 25 dividend, which was paid on Friday, June 13th. Investors of record on Friday, May 30th were issued a dividend of $0.0808 per share. This is an increase from Cross Timbers Royalty Trust's previous may 25 dividend of $0.03. The ex-dividend date was Friday, May 30th. This represents a dividend yield of 8.8%. Cross Timbers Royalty Trust's payout ratio is 97.98%.

Institutional Investors Weigh In On Cross Timbers Royalty Trust

Several hedge funds and other institutional investors have recently added to or reduced their stakes in CRT. Beacon Pointe Advisors LLC purchased a new stake in shares of Cross Timbers Royalty Trust during the fourth quarter worth about $618,000. Citadel Advisors LLC acquired a new position in shares of Cross Timbers Royalty Trust during the fourth quarter valued at approximately $132,000. Miracle Mile Advisors LLC lifted its position in shares of Cross Timbers Royalty Trust by 20.0% in the first 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 in the last quarter. Finally, PNC Financial Services Group Inc. lifted its position in shares of Cross Timbers Royalty Trust by 2,500.0% in the first 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 in the last quarter. 9.74% of the stock is owned by institutional investors and hedge funds.

About Cross Timbers Royalty Trust

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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