Cross Timbers Royalty Trust (NYSE:CRT) Shares Cross Above 50 Day Moving Average – Here’s What Happened

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.

Analyst Upgrades and Downgrades

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

Cross Timbers Royalty Trust Stock Down 4.7%

The firm has a market capitalization of $50.32 million, a price-to-earnings ratio of 11.18 and a beta of 0.12. The stock has a 50 day moving average of $7.93 and a 200 day moving average of $8.79.

Cross Timbers Royalty Trust (NYSE:CRT) last announced its quarterly earnings data on Thursday, November 13th. The oil and gas company reported $0.08 earnings per share (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 company also recently disclosed a monthly dividend, which will be paid on Friday, December 12th. Investors of record on Friday, November 28th will be paid a dividend of $0.0369 per share. The ex-dividend date is Friday, November 28th. This represents a c) annualized dividend and a yield of 5.3%. Cross Timbers Royalty Trust’s dividend payout ratio (DPR) is 58.67%.

Institutional Trading of Cross Timbers Royalty Trust

Institutional investors and hedge funds have recently modified their holdings of the business. Susquehanna International Group LLP bought a new position in shares of Cross Timbers Royalty Trust in the 3rd quarter worth about $212,000. Ritholtz Wealth Management bought a new position in Cross Timbers Royalty Trust in the second quarter worth about $169,000. Scotia Capital Inc. bought a new position in Cross Timbers Royalty Trust in the second quarter worth about $109,000. PNC Financial Services Group Inc. boosted its stake in Cross Timbers Royalty Trust by 2,500.0% in the first quarter. PNC Financial Services Group Inc. now owns 10,400 shares of the oil and gas company’s stock valued at $137,000 after acquiring an additional 10,000 shares during the period. Finally, Bank of America Corp DE grew its holdings in shares of Cross Timbers Royalty Trust by 81.3% during the second quarter. Bank of America Corp DE now owns 3,596 shares of the oil and gas company’s stock valued at $36,000 after purchasing an additional 1,612 shares during the last quarter. 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.