Cross Timbers Royalty Trust (NYSE:CRT) Short Interest Update

Key Points

• Cross Timbers Royalty Trust experienced a significant 77.2% growth in short interest in July, with a total of 14,000 shares reported as of July 31st.
• Institutional investors have shown increased interest, with notable stakes added by Bank of America and others, raising hedge fund ownership to 9.74% of the stock.
• The company declared a dividend of $0.0304 paid out on August 14th, with a payout ratio of 39.13% following its quarterly earnings report.

Cross Timbers Royalty Trust (NYSE:CRT - Get Free Report) was the recipient of a significant growth in short interest during the month of July. As of July 31st, there was short interest totaling 14,000 shares, agrowthof77.2% from the July 15th total of 7,900 shares. Approximately0.2% of the shares of the company are short sold. Based on an average daily trading volume, of 25,000 shares, the days-to-cover ratio is presently 0.6 days. Based on an average daily trading volume, of 25,000 shares, the days-to-cover ratio is presently 0.6 days. Approximately0.2% of the shares of the company are short sold.

Institutional Investors Weigh In On Cross Timbers Royalty Trust

Hedge funds have recently added to or reduced their stakes in the business. Bank of America Corp DE boosted its holdings in 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 valued at $36,000 after purchasing an additional 1,612 shares during the last quarter. Scotia Capital Inc. purchased a new stake in Cross Timbers Royalty Trust in the second quarter valued at $109,000. Citadel Advisors LLC purchased a new stake in Cross Timbers Royalty Trust in the fourth quarter valued at $132,000. PNC Financial Services Group Inc. boosted its holdings in 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 purchasing an additional 10,000 shares during the last quarter. Finally, Ritholtz Wealth Management purchased a new stake in Cross Timbers Royalty Trust in the second quarter valued at $169,000. 9.74% of the stock is owned by hedge funds and other institutional investors.

Cross Timbers Royalty Trust Stock Up 0.5%

Shares of CRT traded up $0.05 during trading hours on Monday, reaching $8.74. 13,107 shares of the company traded hands, compared to its average volume of 27,684. The stock has a market capitalization of $52.41 million, a P/E ratio of 9.49 and a beta of 0.17. Cross Timbers Royalty Trust has a 12-month low of $8.46 and a 12-month high of $13.31. The business has a fifty day moving average price of $9.50 and a 200-day moving average price of $10.21.

Cross Timbers Royalty Trust (NYSE:CRT - Get Free Report) last posted its quarterly earnings results 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 firm also recently declared a jul 25 dividend, which was paid on Thursday, August 14th. Shareholders of record on Thursday, July 31st were issued a $0.0304 dividend. Cross Timbers Royalty Trust's payout ratio is 39.13%.

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.

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