Cross Timbers Royalty Trust (NYSE:CRT) Shares Cross Below 200-Day Moving Average of $11.88

Shares of Cross Timbers Royalty Trust (NYSE:CRT) crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $11.88 and traded as low as $10.18. Cross Timbers Royalty Trust shares last traded at $10.29, with a volume of 33,483 shares trading hands.

Cross Timbers Royalty Trust Price Performance

The business’s 50-day moving average price is $9.93 and its 200-day moving average price is $11.88. The firm has a market capitalization of $61.74 million, a PE ratio of 6.55 and a beta of 0.51.

Cross Timbers Royalty Trust (NYSE:CRT) last released its earnings results on Tuesday, August 13th. The oil and gas company reported $0.22 earnings per share (EPS) for the quarter. Cross Timbers Royalty Trust had a return on equity of 291.46% and a net margin of 88.84%. The company had revenue of $1.58 million for the quarter.

Cross Timbers Royalty Trust Increases Dividend

The company also recently announced a monthly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th will be issued a $0.1022 dividend. This is a positive change from Cross Timbers Royalty Trust’s previous monthly dividend of $0.10. The ex-dividend date is Monday, September 30th. This represents a $1.23 annualized dividend and a yield of 11.92%. Cross Timbers Royalty Trust’s dividend payout ratio is 77.71%.

Institutional Trading of Cross Timbers Royalty Trust

A hedge fund recently raised its stake in Cross Timbers Royalty Trust stock. Waddell & Associates LLC raised its position in Cross Timbers Royalty Trust (NYSE:CRT) by 10.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 14,370 shares of the oil and gas company’s stock after purchasing an additional 1,344 shares during the period. Waddell & Associates LLC owned about 0.24% of Cross Timbers Royalty Trust worth $251,000 at the end of the most recent reporting period. Hedge funds and other institutional investors own 9.74% of the company’s stock.

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.