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

Shares of Cross Timbers Royalty Trust (NYSE:CRT) crossed 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 trading hands.

Cross Timbers Royalty Trust Price Performance

The firm has a fifty day moving average of $15.60 and a two-hundred day moving average of $17.42. The stock has a market capitalization of $77.64 million, a P/E ratio of 6.70 and a beta of 0.59.

Cross Timbers Royalty Trust Cuts Dividend

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

Hedge Funds Weigh In On Cross Timbers Royalty Trust

Large investors have recently added to or reduced their stakes in the company. Bank of America Corp DE raised its holdings in Cross Timbers Royalty Trust by 54.9% in the first quarter. Bank of America Corp DE now owns 6,374 shares of the oil and gas company’s stock worth $83,000 after purchasing an additional 2,260 shares in the last quarter. Citadel Advisors LLC purchased a new stake in shares of Cross Timbers Royalty Trust during the third quarter worth about $216,000. UBS Group AG grew its stake in shares of Cross Timbers Royalty Trust by 4.8% during the third quarter. UBS Group AG now owns 11,765 shares of the oil and gas company’s stock worth $229,000 after acquiring an additional 541 shares during the last quarter. LPL Financial LLC grew its stake in shares of Cross Timbers Royalty Trust by 20.9% during the second quarter. LPL Financial LLC now owns 13,010 shares of the oil and gas company’s stock worth $197,000 after acquiring an additional 2,251 shares during the last quarter. Finally, Waddell & Associates LLC grew its stake in shares of Cross Timbers Royalty Trust by 10.3% during the fourth quarter. Waddell & Associates LLC now owns 14,370 shares of the oil and gas company’s stock worth $251,000 after acquiring an additional 1,344 shares during the last quarter. 9.74% of the stock is currently owned by institutional investors.

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.