Cross Timbers Royalty Trust (NYSE:CRT - Get Free Report) shares crossed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $10.13 and traded as high as $10.40. Cross Timbers Royalty Trust shares last traded at $10.26, with a volume of 15,969 shares changing hands.
Cross Timbers Royalty Trust Trading Up 1.2 %
The stock has a market cap of $62.03 million, a price-to-earnings ratio of 9.23 and a beta of 0.56. The firm's 50 day moving average is $10.13 and its two-hundred day moving average is $10.14.
Cross Timbers Royalty Trust Cuts Dividend
The company also recently disclosed a monthly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were paid a dividend of $0.0623 per share. This represents a $0.75 annualized dividend and a dividend yield of 7.23%. The ex-dividend date was Tuesday, December 31st. Cross Timbers Royalty Trust's payout ratio is 66.96%.
Institutional Trading of Cross Timbers Royalty Trust
A hedge fund recently bought a new stake in Cross Timbers Royalty Trust stock. Miracle Mile Advisors LLC acquired a new stake in shares of Cross Timbers Royalty Trust (NYSE:CRT - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund 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 as of its most recent SEC filing. 9.74% of the stock is owned by institutional investors.
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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