Cross Timbers Royalty Trust (NYSE:CRT - Get Free Report) was the target of a significant decrease in short interest during the month of March. As of March 15th, there was short interest totalling 8,200 shares, a decrease of 59.6% from the February 28th total of 20,300 shares. Currently, 0.1% of the shares of the company are short sold. Based on an average daily volume of 29,500 shares, the days-to-cover ratio is presently 0.3 days.
Cross Timbers Royalty Trust Stock Up 4.8 %
Shares of NYSE CRT traded up $0.57 during mid-day trading on Friday, hitting $12.33. 46,264 shares of the company were exchanged, compared to its average volume of 31,990. The firm has a market cap of $73.95 million, a price-to-earnings ratio of 11.00 and a beta of 0.52. The stock has a 50 day simple moving average of $10.88 and a 200-day simple moving average of $10.47. Cross Timbers Royalty Trust has a 1-year low of $8.88 and a 1-year high of $14.98.
Cross Timbers Royalty Trust (NYSE:CRT - Get Free Report) last issued its earnings results on Thursday, March 27th. The oil and gas company reported $0.22 earnings per share for the quarter. Cross Timbers Royalty Trust had a net margin of 88.08% and a return on equity of 262.62%. The business had revenue of $1.48 million for the quarter.
Cross Timbers Royalty Trust Increases Dividend
The firm also recently announced a monthly dividend, which will be paid on Monday, April 14th. Shareholders of record on Monday, March 31st will be given a dividend of $0.1567 per share. This is a boost from Cross Timbers Royalty Trust's previous monthly dividend of $0.05. The ex-dividend date is Monday, March 31st. This represents a $1.88 annualized dividend and a yield of 15.26%. Cross Timbers Royalty Trust's payout ratio is presently 167.86%.
Hedge Funds Weigh In On Cross Timbers Royalty Trust
A number of large investors have recently modified their holdings of CRT. Beacon Pointe Advisors LLC acquired a new position in Cross Timbers Royalty Trust during the fourth quarter worth $618,000. Miracle Mile Advisors LLC purchased a new stake in shares of Cross Timbers Royalty Trust during the 4th quarter worth $148,000. Finally, Citadel Advisors LLC acquired a new position in shares of Cross Timbers Royalty Trust during the 4th quarter worth $132,000. 9.74% of the stock is owned by hedge funds and other 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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