Cross Timbers Royalty Trust (NYSE:CRT) Share Price Crosses Below Two Hundred Day Moving Average – Here’s Why

Cross Timbers Royalty Trust (NYSE:CRT)’s share price passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $10.57 and traded as low as $10.20. Cross Timbers Royalty Trust shares last traded at $10.65, with a volume of 19,724 shares trading hands.

Cross Timbers Royalty Trust Trading Up 4.5 %

The company has a 50 day simple moving average of $10.93 and a 200 day simple moving average of $10.57. The stock has a market cap of $63.92 million, a P/E ratio of 9.51 and a beta of 0.23.

Cross Timbers Royalty Trust (NYSE:CRT) last posted its quarterly earnings data on Thursday, March 27th. The oil and gas company reported $0.22 earnings per share (EPS) for the quarter. Cross Timbers Royalty Trust had a net margin of 88.08% and a return on equity of 262.62%. The company had revenue of $1.48 million for the quarter.

Cross Timbers Royalty Trust Increases Dividend

The firm also recently declared a monthly dividend, which will be paid on Monday, April 14th. Shareholders of record on Monday, March 31st will be given a dividend of $0.1567 per share. The ex-dividend date of this dividend is Monday, March 31st. This is a boost from Cross Timbers Royalty Trust’s previous monthly dividend of $0.05. This represents a $1.88 annualized dividend and a yield of 17.65%. Cross Timbers Royalty Trust’s payout ratio is 200.00%.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Citadel Advisors LLC bought a new stake in Cross Timbers Royalty Trust during the fourth quarter worth $132,000. Miracle Mile Advisors LLC acquired a new position in shares of Cross Timbers Royalty Trust during the 4th quarter worth about $148,000. Finally, Beacon Pointe Advisors LLC bought a new stake in shares of Cross Timbers Royalty Trust in the 4th quarter valued at about $618,000. 9.74% of the stock is 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.