Cross Timbers Royalty Trust (NYSE:CRT - Get Free Report) passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $10.49 and traded as low as $9.40. Cross Timbers Royalty Trust shares last traded at $9.88, with a volume of 38,566 shares traded.
Cross Timbers Royalty Trust Price Performance
The stock has a market cap of $58.50 million, a P/E ratio of 8.71 and a beta of 0.12. The business has a 50 day moving average price of $10.26 and a 200 day moving average price of $10.48.
Cross Timbers Royalty Trust (NYSE:CRT - Get Free Report) last posted its earnings results on Wednesday, May 14th. The oil and gas company reported $0.30 earnings per share 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. Investors of record on Friday, May 30th will be paid a $0.0808 dividend. This is a positive change from Cross Timbers Royalty Trust's previous may 25 dividend of $0.03. The ex-dividend date is Friday, May 30th. This represents a yield of 8.8%. Cross Timbers Royalty Trust's dividend payout ratio (DPR) is 97.98%.
Institutional Investors Weigh In On Cross Timbers Royalty Trust
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Miracle Mile Advisors LLC grew its position in shares of Cross Timbers Royalty Trust by 20.0% during 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 acquiring an additional 3,000 shares during the period. PNC Financial Services Group Inc. lifted its stake in 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. Citadel Advisors LLC purchased a new position in Cross Timbers Royalty Trust in the 4th quarter valued at about $132,000. Finally, Beacon Pointe Advisors LLC purchased a new position in Cross Timbers Royalty Trust in the 4th quarter valued at about $618,000. 9.74% of the stock is owned by institutional investors and hedge funds.
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
Before you consider Cross Timbers Royalty Trust, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Cross Timbers Royalty Trust wasn't on the list.
While Cross Timbers Royalty Trust currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Explore Elon Musk’s boldest ventures yet—from AI and autonomy to space colonization—and find out how investors can ride the next wave of innovation.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
