Cross Timbers Royalty Trust (NYSE:CRT) Stock Price Crosses Below 200 Day Moving Average of $17.42

Cross Timbers Royalty Trust (NYSE:CRT) shares passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $17.42 and traded as low as $12.81. Cross Timbers Royalty Trust shares last traded at $12.94, with a volume of 37,383 shares.

Cross Timbers Royalty Trust Stock Performance

The firm’s 50 day moving average is $15.60 and its two-hundred day moving average is $17.42. The stock has a market capitalization of $77.64 million, a PE ratio of 6.70 and a beta of 0.59.

Cross Timbers Royalty Trust Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Friday, April 12th. Investors of record on Thursday, March 28th were paid a dividend of $0.019 per share. This represents a $0.23 annualized dividend and a yield of 1.76%. The ex-dividend date was Wednesday, March 27th. Cross Timbers Royalty Trust’s payout ratio is currently 11.92%.

Institutional Investors Weigh In On Cross Timbers Royalty Trust

Several large investors have recently added to or reduced their stakes in the business. Waddell & Associates LLC increased its stake in Cross Timbers Royalty Trust by 10.3% during the 4th quarter. Waddell & Associates LLC now owns 14,370 shares of the oil and gas company’s stock worth $251,000 after buying an additional 1,344 shares during the period. UBS Group AG grew its holdings in Cross Timbers Royalty Trust by 5.5% during the 4th quarter. UBS Group AG now owns 12,407 shares of the oil and gas company’s stock worth $218,000 after acquiring an additional 642 shares in the last quarter. Navellier & Associates Inc. acquired a new position in Cross Timbers Royalty Trust during the 4th quarter worth approximately $362,000. Significant Wealth Partners LLC acquired a new position in Cross Timbers Royalty Trust during the 4th quarter worth approximately $866,000. Finally, Beacon Pointe Advisors LLC acquired a new position in Cross Timbers Royalty Trust during the 2nd quarter worth approximately $1,569,000. 9.74% of the stock is owned by hedge funds and other institutional investors.

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.