Cross Timbers Royalty Trust (NYSE:CRT) Stock Crosses Above Fifty Day Moving Average - Here's Why

Cross Timbers Royalty Trust (NYSE:CRT - Get Free Report)'s stock price crossed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $10.19 and traded as high as $10.75. Cross Timbers Royalty Trust shares last traded at $10.56, with a volume of 25,199 shares traded.

Cross Timbers Royalty Trust Stock Performance

The company has a 50 day simple moving average of $10.19 and a 200 day simple moving average of $11.34. The stock has a market cap of $63 million, a P/E ratio of 6.73 and a beta of 0.52.

Cross Timbers Royalty Trust (NYSE:CRT - Get Free Report) last announced its earnings results on Tuesday, August 13th. The oil and gas company reported $0.22 EPS for the quarter. Cross Timbers Royalty Trust had a net margin of 88.84% and a return on equity of 291.46%. The business had revenue of $1.58 million during the quarter.

Cross Timbers Royalty Trust Cuts Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, November 15th. Shareholders of record on Thursday, October 31st will be paid a $0.0646 dividend. The ex-dividend date is Thursday, October 31st. This represents a $0.78 dividend on an annualized basis and a yield of 7.38%. Cross Timbers Royalty Trust's dividend payout ratio is 49.04%.

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.