Cross Timbers Royalty Trust (NYSE:CRT) Stock Price Crosses Below 200-Day Moving Average of $17.42

Cross Timbers Royalty Trust (NYSE:CRT - Get Free Report)'s share price passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $17.42 and traded as low as $12.81. Cross Timbers Royalty Trust shares last traded at $12.94, with a volume of 37,383 shares trading hands.

Cross Timbers Royalty Trust Trading Up 1.5 %

The company has a market capitalization of $78.66 million, a P/E ratio of 6.69 and a beta of 0.59. The business has a 50 day moving average price of $15.60 and a 200 day moving average price of $17.42.

Cross Timbers Royalty Trust Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Friday, April 12th. Stockholders of record on Thursday, March 28th were paid a $0.019 dividend. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $0.23 dividend on an annualized basis and a dividend yield of 1.74%. Cross Timbers Royalty Trust's dividend payout ratio (DPR) is presently 11.92%.

Institutional Trading of Cross Timbers Royalty Trust

A number of institutional investors and hedge funds have recently modified their holdings of CRT. Bank of America Corp DE boosted its position in Cross Timbers Royalty Trust by 54.9% during the 1st quarter. Bank of America Corp DE now owns 6,374 shares of the oil and gas company's stock worth $83,000 after acquiring an additional 2,260 shares during the last quarter. UBS Group AG boosted its position in Cross Timbers Royalty Trust by 9.3% during the 1st quarter. UBS Group AG now owns 13,425 shares of the oil and gas company's stock worth $176,000 after acquiring an additional 1,138 shares during the last quarter. LPL Financial LLC boosted its position in Cross Timbers Royalty Trust by 20.9% during the 2nd quarter. LPL Financial LLC now owns 13,010 shares of the oil and gas company's stock worth $197,000 after acquiring an additional 2,251 shares during the last quarter. Citadel Advisors LLC acquired a new position in Cross Timbers Royalty Trust during the 3rd quarter worth approximately $216,000. Finally, Waddell & Associates LLC boosted its position in Cross Timbers Royalty Trust by 10.3% during the 4th quarter. Waddell & Associates LLC now owns 14,370 shares of the oil and gas company's stock worth $251,000 after acquiring an additional 1,344 shares during the last quarter. 9.74% of the stock is owned by institutional investors.

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.