Cross Timbers Royalty Trust (NYSE:CRT) Shares Pass Above 50 Day Moving Average of $17.39

Cross Timbers Royalty Trust (NYSE:CRTGet Rating)’s stock price passed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $17.39 and traded as high as $17.78. Cross Timbers Royalty Trust shares last traded at $16.48, with a volume of 66,876 shares.

Cross Timbers Royalty Trust Stock Down 8.7 %

The stock has a market cap of $98.88 million, a price-to-earnings ratio of 13.51 and a beta of 0.72. The stock’s 50 day moving average price is $17.39 and its two-hundred day moving average price is $15.74.

Cross Timbers Royalty Trust (NYSE:CRTGet Rating) last released its quarterly earnings results on Friday, May 13th. The oil and gas company reported $0.28 EPS for the quarter. The company had revenue of $1.95 million for the quarter. Cross Timbers Royalty Trust had a net margin of 91.09% and a return on equity of 223.79%.

Cross Timbers Royalty Trust Increases Dividend

The company also recently announced a monthly dividend, which will be paid on Friday, August 12th. Shareholders of record on Friday, July 29th will be paid a dividend of $0.1917 per share. The ex-dividend date of this dividend is Thursday, July 28th. This is an increase from Cross Timbers Royalty Trust’s previous monthly dividend of $0.10. This represents a $2.30 dividend on an annualized basis and a yield of 13.96%. Cross Timbers Royalty Trust’s payout ratio is 188.52%.

Institutional Investors Weigh In On Cross Timbers Royalty Trust

A number of institutional investors have recently made changes to their positions in CRT. Dorsey Wright & Associates acquired a new position in Cross Timbers Royalty Trust during the 2nd quarter worth approximately $33,000. Bank of America Corp DE lifted its position in shares of 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 buying an additional 2,260 shares during the last quarter. Waddell & Associates LLC purchased a new stake in shares of Cross Timbers Royalty Trust during the 1st quarter worth approximately $147,000. UBS Group AG lifted its position in shares of 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 buying an additional 1,138 shares during the last quarter. Finally, NewEdge Advisors LLC purchased a new stake in shares of Cross Timbers Royalty Trust during the 1st quarter worth approximately $780,000. 9.45% of the stock is currently owned by institutional investors and hedge funds.

About Cross Timbers Royalty Trust

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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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