Cross Timbers Royalty Trust $CRT Shares Bought by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. grew its stake in shares of Cross Timbers Royalty Trust (NYSE:CRT) by 2,500.0% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 10,400 shares of the oil and gas company’s stock after acquiring an additional 10,000 shares during the quarter. PNC Financial Services Group Inc. owned about 0.17% of Cross Timbers Royalty Trust worth $137,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Beacon Pointe Advisors LLC acquired a new position in shares of Cross Timbers Royalty Trust during the 4th quarter valued at about $618,000. Miracle Mile Advisors LLC boosted its holdings in Cross Timbers Royalty Trust by 20.0% in the 1st quarter. Miracle Mile Advisors LLC now owns 18,000 shares of the oil and gas company’s stock worth $237,000 after acquiring an additional 3,000 shares during the period. Finally, Citadel Advisors LLC purchased a new position in Cross Timbers Royalty Trust in the 4th quarter worth approximately $132,000. Institutional investors and hedge funds own 9.74% of the company’s stock.

Cross Timbers Royalty Trust Stock Down 0.2%

NYSE CRT opened at $8.6950 on Wednesday. The stock has a market cap of $52.17 million, a PE ratio of 9.45 and a beta of 0.17. Cross Timbers Royalty Trust has a fifty-two week low of $8.46 and a fifty-two week high of $13.31. The business has a 50 day moving average price of $9.47 and a two-hundred day moving average price of $10.20.

Cross Timbers Royalty Trust (NYSE:CRT) last released its quarterly earnings results on Wednesday, August 13th. The oil and gas company reported $0.15 earnings per share for the quarter. The firm had revenue of $1.31 million during the quarter. Cross Timbers Royalty Trust had a return on equity of 231.09% and a net margin of 84.24%.

Cross Timbers Royalty Trust Dividend Announcement

The business also recently declared a aug 25 dividend, which will be paid on Monday, September 15th. Shareholders of record on Friday, August 29th will be issued a $0.0134 dividend. Cross Timbers Royalty Trust’s dividend payout ratio is presently 39.13%.

Cross Timbers Royalty Trust 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.