Cross Timbers Royalty Trust (NYSE:CRT - Get Free Report) crossed below its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $10.75 and traded as low as $10.01. Cross Timbers Royalty Trust shares last traded at $10.01, with a volume of 22,826 shares.
Cross Timbers Royalty Trust Stock Down 0.2%
The company has a fifty day moving average of $10.75 and a two-hundred day moving average of $10.49. The stock has a market capitalization of $60.06 million, a price-to-earnings ratio of 8.94 and a beta of 0.17.
Cross Timbers Royalty Trust (NYSE:CRT - Get Free Report) last released its quarterly earnings results on Thursday, March 27th. The oil and gas company reported $0.22 earnings per share (EPS) for the quarter. The business had revenue of $1.48 million during 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 Cuts Dividend
The business also recently disclosed a dividend, which will be paid on Wednesday, May 14th. Investors of record on Thursday, May 1st will be given a dividend of $0.0321 per share. This represents a yield of 3.8%. The ex-dividend date is Wednesday, April 30th. Cross Timbers Royalty Trust's dividend payout ratio is presently 40.43%.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently modified their holdings of the stock. Citadel Advisors LLC acquired a new position in shares of Cross Timbers Royalty Trust during the 4th quarter valued at about $132,000. PNC Financial Services Group Inc. grew 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 valued at $137,000 after buying an additional 10,000 shares during the period. Miracle Mile Advisors LLC purchased a new stake in shares of Cross Timbers Royalty Trust during the 4th quarter valued at $148,000. Finally, Beacon Pointe Advisors LLC purchased a new stake in shares of Cross Timbers Royalty Trust during the 4th quarter valued at $618,000. Institutional investors and hedge funds own 9.74% of the company's stock.
About Cross Timbers Royalty Trust
(
Get Free Report)
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.
Further Reading
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