Cross Timbers Royalty Trust (NYSE:CRT – Get 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:CRT – Get 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
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
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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