13,379 Shares in Cross Timbers Royalty Trust (NYSE:CRT) Bought by Citadel Advisors LLC

Citadel Advisors LLC bought a new stake in Cross Timbers Royalty Trust (NYSE:CRT) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 13,379 shares of the oil and gas company’s stock, valued at approximately $132,000. Citadel Advisors LLC owned about 0.22% of Cross Timbers Royalty Trust as of its most recent SEC filing.

Separately, Beacon Pointe Advisors LLC bought a new stake in shares of Cross Timbers Royalty Trust during the fourth quarter worth $618,000. 9.74% of the stock is owned by hedge funds and other institutional investors.

Cross Timbers Royalty Trust Stock Performance

Shares of CRT stock opened at $9.75 on Monday. The firm has a market capitalization of $58.50 million, a price-to-earnings ratio of 8.71 and a beta of 0.12. The business’s 50-day moving average price is $10.26 and its 200-day moving average price is $10.48. Cross Timbers Royalty Trust has a 12 month low of $8.88 and a 12 month high of $13.70.

Cross Timbers Royalty Trust (NYSE:CRT) last posted its quarterly earnings data on Wednesday, May 14th. The oil and gas company reported $0.30 EPS for the quarter. Cross Timbers Royalty Trust had a return on equity of 262.62% and a net margin of 88.08%.

Cross Timbers Royalty Trust Increases Dividend

The firm also recently announced a may 25 dividend, which will be paid on Friday, June 13th. Investors of record on Friday, May 30th will be given a dividend of $0.0808 per share. This is a positive change from Cross Timbers Royalty Trust’s previous may 25 dividend of $0.03. The ex-dividend date of this dividend is Friday, May 30th. This represents a dividend yield of 8.8%. Cross Timbers Royalty Trust’s dividend payout ratio is presently 97.98%.

Cross Timbers Royalty Trust Company Profile

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.