Cross Timbers Royalty Trust (NYSE:CRT) Short Interest Update

Cross Timbers Royalty Trust (NYSE:CRT – Get Rating) saw a large growth in short interest during the month of April. As of April 15th, there was short interest totalling 15,100 shares, a growth of 387.1% from the March 31st total of 3,100 shares. Currently, 0.3% of the shares of the company are sold short. Based on an average trading volume of 62,100 shares, the short-interest ratio is currently 0.2 days.

Separately, StockNews.com started coverage on Cross Timbers Royalty Trust in a research note on Thursday, March 31st. They issued a “hold” rating for the company.

CRT stock traded up $0.27 during midday trading on Wednesday, reaching $15.62. The stock had a trading volume of 2,800 shares, compared to its average volume of 60,772. The stock has a market cap of $93.72 million, a PE ratio of 15.05 and a beta of 0.70. The firm has a fifty day simple moving average of $14.45 and a two-hundred day simple moving average of $13.55. Cross Timbers Royalty Trust has a 52-week low of $9.50 and a 52-week high of $17.52.

The business also recently disclosed a monthly dividend, which will be paid on Friday, May 13th. Shareholders of record on Friday, April 29th will be paid a dividend of $0.157 per share. The ex-dividend date is Thursday, April 28th. This represents a $1.88 dividend on an annualized basis and a dividend yield of 12.06%. This is a positive change from Cross Timbers Royalty Trust’s previous monthly dividend of $0.05. Cross Timbers Royalty Trust’s dividend payout ratio (DPR) is presently 63.73%.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Waddell & Associates LLC purchased a new position in shares of Cross Timbers Royalty Trust during the 1st quarter valued at about $147,000. Essex Financial Services Inc. raised its stake in shares of Cross Timbers Royalty Trust by 23.6% during the 3rd quarter. Essex Financial Services Inc. now owns 22,201 shares of the oil and gas company’s stock valued at $312,000 after buying an additional 4,232 shares during the last quarter. Wells Fargo & Company MN raised its stake in shares of Cross Timbers Royalty Trust by 42.0% during the 2nd quarter. Wells Fargo & Company MN now owns 36,817 shares of the oil and gas company’s stock valued at $435,000 after buying an additional 10,893 shares during the last quarter. Finally, Morgan Stanley raised its stake in shares of Cross Timbers Royalty Trust by 309.0% during the 1st quarter. Morgan Stanley now owns 56,656 shares of the oil and gas company’s stock valued at $479,000 after buying an additional 42,802 shares during the last quarter. Institutional investors and hedge funds own 9.88% of the company’s stock.

About Cross Timbers Royalty Trust (Get Rating)

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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