Cross Timbers Royalty Trust (NYSE:CRT) Sees Large Decrease in Short Interest

Cross Timbers Royalty Trust (NYSE:CRT - Get Free Report) was the recipient of a significant decrease in short interest in May. As of May 15th, there was short interest totalling 5,900 shares, a decrease of 14.5% from the April 30th total of 6,900 shares. Based on an average daily trading volume, of 30,000 shares, the short-interest ratio is currently 0.2 days. Approximately 0.1% of the company's stock are sold short.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the stock. PNC Financial Services Group Inc. grew its position in Cross Timbers Royalty Trust by 2,500.0% during 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 boosted its position in shares of Cross Timbers Royalty Trust by 20.0% during the first 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 last quarter. Citadel Advisors LLC bought a new position in shares of Cross Timbers Royalty Trust during the fourth quarter worth $132,000. Finally, Beacon Pointe Advisors LLC purchased a new stake in Cross Timbers Royalty Trust during the fourth quarter valued at $618,000. 9.74% of the stock is owned by hedge funds and other institutional investors.

Cross Timbers Royalty Trust Stock Performance

Shares of CRT traded down $0.05 during mid-day trading on Thursday, hitting $9.75. 10,624 shares of the company traded hands, compared to its average volume of 31,644. The stock has a 50-day moving average price of $10.31 and a two-hundred day moving average price of $10.48. Cross Timbers Royalty Trust has a 1 year low of $8.88 and a 1 year high of $13.70. The stock has a market cap of $58.50 million, a price-to-earnings ratio of 8.71 and a beta of 0.17.

Cross Timbers Royalty Trust (NYSE:CRT - Get Free Report) last released its quarterly earnings data 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 business also recently disclosed a may 25 dividend, which will be paid on Friday, June 13th. Stockholders of record on Friday, May 30th will be issued a dividend of $0.0808 per share. This represents a dividend yield of 8.8%. This is a boost from Cross Timbers Royalty Trust's previous may 25 dividend of $0.03. The ex-dividend date of this dividend is Friday, May 30th. Cross Timbers Royalty Trust's payout ratio is presently 97.98%.

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.