Cross Timbers Royalty Trust (NYSE:CRT) Stock Price Crosses Above 50 Day Moving Average – Should You Sell?

Shares of Cross Timbers Royalty Trust (NYSE:CRT) passed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $7.93 and traded as high as $8.86. Cross Timbers Royalty Trust shares last traded at $8.3860, with a volume of 38,388 shares changing hands.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Cross Timbers Royalty Trust in a research note on Wednesday, October 8th. One research analyst has rated the stock with a Sell rating, According to MarketBeat, Cross Timbers Royalty Trust presently has an average rating of “Sell”.

Cross Timbers Royalty Trust Price Performance

The company has a 50-day moving average of $7.93 and a two-hundred day moving average of $8.79. The stock has a market capitalization of $50.32 million, a PE ratio of 11.18 and a beta of 0.12.

Cross Timbers Royalty Trust (NYSE:CRT) last posted its quarterly earnings results on Thursday, November 13th. The oil and gas company reported $0.08 EPS for the quarter. Cross Timbers Royalty Trust had a return on equity of 191.25% and a net margin of 79.29%.

Cross Timbers Royalty Trust Cuts Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, December 12th. Shareholders of record on Friday, November 28th will be issued a $0.0369 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 5.3%. The ex-dividend date is Friday, November 28th. Cross Timbers Royalty Trust’s dividend payout ratio (DPR) is 58.67%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Bank of America Corp DE raised its holdings in shares of Cross Timbers Royalty Trust by 81.3% in the 2nd quarter. Bank of America Corp DE now owns 3,596 shares of the oil and gas company’s stock worth $36,000 after purchasing an additional 1,612 shares during the period. PNC Financial Services Group Inc. increased its position in Cross Timbers Royalty Trust by 2,500.0% during the 1st quarter. PNC Financial Services Group Inc. now owns 10,400 shares of the oil and gas company’s stock worth $137,000 after purchasing an additional 10,000 shares in the last quarter. Scotia Capital Inc. purchased a new position in Cross Timbers Royalty Trust in the second quarter valued at approximately $109,000. Ritholtz Wealth Management acquired a new position in Cross Timbers Royalty Trust during the second quarter valued at approximately $169,000. Finally, Susquehanna International Group LLP purchased a new stake in Cross Timbers Royalty Trust during the third quarter worth approximately $212,000. Institutional investors and hedge funds own 9.74% of the company’s stock.

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.