Shares of 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 $9.86 and traded as low as $9.50. Cross Timbers Royalty Trust shares last traded at $9.55, with a volume of 9,467 shares trading hands.
Cross Timbers Royalty Trust Stock Down 2.5%
The stock has a market cap of $53.60 million, a price-to-earnings ratio of 9.02 and a beta of 0.11. The business's fifty day moving average is $9.81 and its two-hundred day moving average is $10.38.
Cross Timbers Royalty Trust (NYSE:CRT - Get Free Report) last posted its quarterly earnings results on Wednesday, May 14th. The oil and gas company reported $0.30 EPS for the quarter. Cross Timbers Royalty Trust had a net margin of 87.50% and a return on equity of 243.41%.
Cross Timbers Royalty Trust Announces Dividend
The company also recently declared a jul 25 dividend, which will be paid on Thursday, August 14th. Shareholders of record on Thursday, July 31st will be issued a dividend of $0.0304 per share. Cross Timbers Royalty Trust's dividend payout ratio (DPR) is presently 43.43%.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Citadel Advisors LLC acquired a new position in shares of Cross Timbers Royalty Trust in the 4th quarter valued at $132,000. PNC Financial Services Group Inc. boosted its holdings in shares of Cross Timbers Royalty Trust by 2,500.0% in 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 in the last quarter. Ritholtz Wealth Management acquired a new position in shares of Cross Timbers Royalty Trust in the 2nd quarter valued at $169,000. Miracle Mile Advisors LLC boosted its holdings in shares of Cross Timbers Royalty Trust by 20.0% in the 1st 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 in the last quarter. Finally, Beacon Pointe Advisors LLC acquired a new position in shares of Cross Timbers Royalty Trust in 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
(
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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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