Cross Timbers Royalty Trust (NYSE:CRT - Get Free Report) passed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $10.24 and traded as high as $11.18. Cross Timbers Royalty Trust shares last traded at $11.06, with a volume of 18,235 shares trading hands.
Cross Timbers Royalty Trust Stock Performance
The stock's 50 day moving average is $10.24 and its 200 day moving average is $10.21. The company has a market capitalization of $62.94 million, a PE ratio of 9.37 and a beta of 0.56.
Cross Timbers Royalty Trust Cuts Dividend
The business also recently announced a monthly dividend, which will be paid on Friday, February 14th. Shareholders of record on Friday, January 31st will be given a dividend of $0.095 per share. The ex-dividend date is Friday, January 31st. This represents a $1.14 annualized dividend and a dividend yield of 10.87%. Cross Timbers Royalty Trust's dividend payout ratio is currently 101.79%.
Institutional Inflows and Outflows
A hedge fund recently bought a new stake in Cross Timbers Royalty Trust stock. Miracle Mile Advisors LLC acquired a new stake in Cross Timbers Royalty Trust (NYSE:CRT - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 15,000 shares of the oil and gas company's stock, valued at approximately $148,000. Miracle Mile Advisors LLC owned 0.25% of Cross Timbers Royalty Trust at the end of the most recent quarter. 9.74% of the stock is owned by institutional investors and hedge funds.
Cross Timbers Royalty Trust Company Profile
(
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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.
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