Cross Timbers Royalty Trust (NYSE:CRT - Get Free Report) passed above its 50-day moving average during trading on Wednesday . The stock has a 50-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 capitalization of $62.03 million, a price-to-earnings ratio of 9.23 and a beta of 0.56. The company's 50 day moving average is $10.13 and its 200 day moving average is $10.14.
Cross Timbers Royalty Trust Cuts Dividend
The company also recently declared 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. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $0.75 dividend on an annualized basis and a yield of 7.23%. Cross Timbers Royalty Trust's dividend payout ratio is presently 66.96%.
Institutional Trading of Cross Timbers Royalty Trust
An institutional investor recently bought a new position in Cross Timbers Royalty Trust stock. Miracle Mile Advisors LLC purchased a new position in shares of Cross Timbers Royalty Trust (NYSE:CRT - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 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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