Insider Buying: Cross Timbers Royalty Trust (NYSE:CRT) Major Shareholder Purchases 3,159 Shares of Stock

Key Points

• Insider purchase: Major shareholder Eric Oliver bought 3,159 shares on March 26 at an average price of $9.91, spending $31,305.69 and raising his stake to 629,384 shares (a 0.50% increase) valued at about $6.24 million.
• Dividend update: the trust declared a monthly dividend of $0.0009 per share (ex-dividend March 31, payable April 14), equivalent to roughly a 0.1% yield with a reported payout ratio of 80%.
• Market and sentiment: CRT shares opened near $10.50 (12‑month range $7.07–$13.31) with a market cap around $63 million, and analysts hold a consensus "Sell" rating (Weiss Ratings reiterated a sell).

Cross Timbers Royalty Trust (NYSE:CRT - Get Free Report) major shareholder Eric Oliver acquired 3,159 shares of the business's stock in a transaction dated Thursday, March 26th. The stock was purchased at an average cost of $9.91 per share, for a total transaction of $31,305.69. Following the transaction, the insider owned 629,384 shares in the company, valued at approximately $6,237,195.44. The trade was a 0.50% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Large shareholders that own at least 10% of a company's stock are required to disclose their sales and purchases with the SEC.

Cross Timbers Royalty Trust Trading Up 5.1%

Shares of CRT stock opened at $10.50 on Friday. Cross Timbers Royalty Trust has a 12-month low of $7.07 and a 12-month high of $13.31. The business's fifty day simple moving average is $9.07 and its 200-day simple moving average is $8.35. The company has a market cap of $62.97 million, a PE ratio of 13.99 and a beta of 0.10.

Cross Timbers Royalty Trust Cuts Dividend

The firm also recently declared a monthly dividend, which will be paid on Tuesday, April 14th. Stockholders of record on Tuesday, March 31st will be paid a dividend of $0.0009 per share. The ex-dividend date is Tuesday, March 31st. This represents a c) dividend on an annualized basis and a dividend yield of 0.1%. Cross Timbers Royalty Trust's payout ratio is presently 80.00%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Bank of America Corp DE grew its position in shares of Cross Timbers Royalty Trust by 81.3% during the 2nd quarter. Bank of America Corp DE now owns 3,596 shares of the oil and gas company's stock valued at $36,000 after acquiring an additional 1,612 shares during the period. Scotia Capital Inc. acquired a new stake in Cross Timbers Royalty Trust in the 2nd quarter worth about $109,000. O Shaughnessy Asset Management LLC increased its stake in Cross Timbers Royalty Trust by 23.3% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 14,030 shares of the oil and gas company's stock worth $112,000 after buying an additional 2,651 shares in the last quarter. Finally, Susquehanna International Group LLP acquired a new position in shares of Cross Timbers Royalty Trust during the third quarter valued at approximately $212,000. Hedge funds and other institutional investors own 9.74% of the company's stock.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a "sell (d)" rating on shares of Cross Timbers Royalty Trust in a research note on Wednesday, January 21st. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company has a consensus rating of "Sell".

Cross Timbers Royalty Trust Company Profile

Cross Timbers Royalty Trust NYSE: CRT is a Delaware statutory trust that holds royalty interests in a portfolio of onshore oil and natural gas properties. The trust was established in June 2005 through a contribution of assets by Chesapeake Energy Corporation. It earns revenue by collecting overriding royalty and net profit interests carved out of producing leases and then distributing those receipts to its unitholders on a quarterly basis.

The underlying assets of the trust consist primarily of oil, natural gas and natural gas liquids reserves located in several Texas counties, including Erath, Stephens, Comanche and Palo Pinto.

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