Cross Timbers Royalty Trust (NYSE:CRT) Share Price Crosses Above 50-Day Moving Average – Should You Sell?

Shares of Cross Timbers Royalty Trust (NYSE:CRT) crossed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $10.19 and traded as high as $10.25. Cross Timbers Royalty Trust shares last traded at $10.17, with a volume of 38,251 shares traded.

Cross Timbers Royalty Trust Stock Up 2.9 %

The company has a market cap of $60.99 million, a price-to-earnings ratio of 7.94 and a beta of 0.53. The firm has a 50-day simple moving average of $10.19 and a 200 day simple moving average of $11.23.

Cross Timbers Royalty Trust (NYSE:CRT) last released its earnings results on Tuesday, August 13th. The oil and gas company reported $0.22 earnings per share for the quarter. Cross Timbers Royalty Trust had a return on equity of 291.46% and a net margin of 88.84%. The firm had revenue of $1.58 million for the quarter.

Cross Timbers Royalty Trust Cuts Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, November 15th. Investors of record on Thursday, October 31st will be given a $0.0646 dividend. This represents a $0.78 annualized dividend and a yield of 7.63%. The ex-dividend date of this dividend is Thursday, October 31st. Cross Timbers Royalty Trust’s dividend payout ratio is currently 60.94%.

Cross Timbers Royalty Trust Company Profile

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.