Mraz Amerine & Associates Inc. Has $1.02 Million Holdings in Cross Timbers Royalty Trust (NYSE:CRT)

Mraz Amerine & Associates Inc. cut its stake in shares of Cross Timbers Royalty Trust (NYSE:CRT) by 33.0% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 58,041 shares of the oil and gas company’s stock after selling 28,596 shares during the period. Mraz Amerine & Associates Inc.’s holdings in Cross Timbers Royalty Trust were worth $1,016,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the stock. Beacon Pointe Advisors LLC bought a new stake in shares of Cross Timbers Royalty Trust in the second quarter worth $1,569,000. NewEdge Advisors LLC bought a new stake in shares of Cross Timbers Royalty Trust in the first quarter worth $780,000. Morgan Stanley grew its stake in shares of Cross Timbers Royalty Trust by 817.7% in the fourth quarter. Morgan Stanley now owns 20,327 shares of the oil and gas company’s stock worth $517,000 after purchasing an additional 18,112 shares during the last quarter. Citadel Advisors LLC bought a new stake in shares of Cross Timbers Royalty Trust in the third quarter worth $216,000. Finally, Bank of America Corp DE grew its stake in shares of Cross Timbers Royalty Trust by 54.9% in the first quarter. Bank of America Corp DE now owns 6,374 shares of the oil and gas company’s stock worth $83,000 after purchasing an additional 2,260 shares during the last quarter. 9.74% of the stock is currently owned by institutional investors and hedge funds.

Cross Timbers Royalty Trust Stock Up 1.5 %

CRT traded up $0.19 during trading on Wednesday, reaching $13.11. 37,601 shares of the stock traded hands, compared to its average volume of 36,574. The stock has a market capitalization of $78.66 million, a PE ratio of 6.79 and a beta of 0.59. The stock’s 50-day moving average is $15.43 and its 200 day moving average is $17.34. Cross Timbers Royalty Trust has a 12 month low of $12.50 and a 12 month high of $26.10.

Cross Timbers Royalty Trust Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Friday, April 12th. Shareholders of record on Thursday, March 28th were given a dividend of $0.019 per share. The ex-dividend date was Wednesday, March 27th. This represents a $0.23 dividend on an annualized basis and a yield of 1.74%. Cross Timbers Royalty Trust’s dividend payout ratio (DPR) is currently 11.92%.

Cross Timbers Royalty Trust 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.