Cross Timbers Royalty Trust (NYSE:CRT) Stock Price Crosses Above 50 Day Moving Average – Here’s What Happened

Cross Timbers Royalty Trust (NYSE:CRT)’s share price crossed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $10.24 and traded as high as $11.18. Cross Timbers Royalty Trust shares last traded at $11.06, with a volume of 18,235 shares.

Cross Timbers Royalty Trust Trading Down 0.1 %

The firm has a 50-day simple moving average of $10.24 and a 200-day simple moving average of $10.20. The firm has a market cap of $66.36 million, a P/E ratio of 9.88 and a beta of 0.56.

Cross Timbers Royalty Trust Cuts Dividend

The business also recently announced a monthly dividend, which will be paid on Friday, February 14th. Shareholders of record on Friday, January 31st will be paid a $0.095 dividend. The ex-dividend date of this dividend is Friday, January 31st. This represents a $1.14 annualized dividend and a yield of 10.31%. Cross Timbers Royalty Trust’s dividend payout ratio (DPR) 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 bought a new stake in shares of Cross Timbers Royalty Trust (NYSE:CRT) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 15,000 shares of the oil and gas company’s stock, valued at approximately $148,000. Miracle Mile Advisors LLC owned about 0.25% of Cross Timbers Royalty Trust as of its most recent SEC filing. Hedge funds and other institutional investors own 9.74% of the company’s stock.

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.