Short Interest in Cross Timbers Royalty Trust (NYSE:CRT) Declines By 14.5%

Cross Timbers Royalty Trust (NYSE:CRT - Get Free Report) was the target of a large drop in short interest during the month of May. As of May 15th, there was short interest totalling 5,900 shares, a drop of 14.5% from the April 30th total of 6,900 shares. Currently, 0.1% of the shares of the company are short sold. Based on an average daily volume of 30,000 shares, the short-interest ratio is presently 0.2 days.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Beacon Pointe Advisors LLC acquired a new stake in Cross Timbers Royalty Trust in the fourth quarter valued at $618,000. PNC Financial Services Group Inc. increased its stake 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 buying an additional 10,000 shares during the period. Miracle Mile Advisors LLC increased its stake 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 buying an additional 3,000 shares during the period. Finally, Citadel Advisors LLC bought a new stake in Cross Timbers Royalty Trust in the fourth quarter valued at approximately $132,000. Institutional investors own 9.74% of the company's stock.

Cross Timbers Royalty Trust Stock Performance

Shares of CRT remained flat at $9.75 during midday trading on Friday. The stock had a trading volume of 8,159 shares, compared to its average volume of 31,570. Cross Timbers Royalty Trust has a 12 month low of $8.88 and a 12 month high of $13.70. The firm has a fifty day moving average of $10.26 and a 200 day moving average of $10.48. The stock has a market capitalization of $58.50 million, a P/E ratio of 8.71 and a beta of 0.12.

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

Cross Timbers Royalty Trust Increases Dividend

The company also recently announced a may 25 dividend, which will be paid on Friday, June 13th. Shareholders of record on Friday, May 30th will be issued a $0.0808 dividend. This represents a yield of 8.8%. The ex-dividend date is Friday, May 30th. This is a boost from Cross Timbers Royalty Trust's previous may 25 dividend of $0.03. Cross Timbers Royalty Trust's dividend payout ratio is presently 97.98%.

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.