Cross Timbers Royalty Trust (NYSE:CRT) Earns Hold Rating from Analysts at StockNews.com

Analysts at StockNews.com started coverage on shares of Cross Timbers Royalty Trust (NYSE:CRT – Get Rating) in a research note issued to investors on Thursday. The firm set a “hold” rating on the oil and gas company’s stock.

Cross Timbers Royalty Trust Trading Down 1.9 %

CRT stock opened at $15.02 on Thursday. Cross Timbers Royalty Trust has a 12-month low of $12.27 and a 12-month high of $30.40. The company has a 50 day moving average of $23.54 and a two-hundred day moving average of $22.60.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the company. NewEdge Advisors LLC boosted its position in shares of Cross Timbers Royalty Trust by 2.8% during the 2nd quarter. NewEdge Advisors LLC now owns 61,162 shares of the oil and gas company’s stock valued at $917,000 after acquiring an additional 1,675 shares in the last quarter. Morgan Stanley boosted its position in Cross Timbers Royalty Trust by 817.7% in the fourth quarter. Morgan Stanley now owns 20,327 shares of the oil and gas company’s stock valued at $517,000 after buying an additional 18,112 shares in the last quarter. LPL Financial LLC raised its stake in shares of Cross Timbers Royalty Trust by 15.6% in the fourth quarter. LPL Financial LLC now owns 17,853 shares of the oil and gas company’s stock worth $454,000 after acquiring an additional 2,403 shares during the last quarter. UBS Group AG raised its stake in shares of Cross Timbers Royalty Trust by 9.3% in the first 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. Finally, Citadel Advisors LLC bought a new position in shares of Cross Timbers Royalty Trust in the third quarter worth about $216,000.

Cross Timbers Royalty Trust Company Profile

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Cross Timbers Royalty Trust is an express trust, which operates as a trustee of Southwest Bank. It is created to collect and distribute monthly net profits income to Unitholders. It has interest in certain royalty and overriding royalty interest properties in Texas, Oklahoma and New Mexico. The firm also has interest in certain working interest properties in Texas and Oklahoma.