Cross Timbers Royalty Trust (NYSE:CRT – Get Free Report) declared a monthly dividend on Monday, May 18th. Stockholders of record on Friday, May 29th will be given a dividend of 0.0296 per share by the oil and gas company on Friday, June 12th. This represents a c) annualized dividend and a dividend yield of 3.3%. The ex-dividend date of this dividend is Friday, May 29th.
Cross Timbers Royalty Trust has decreased its dividend by an average of 0.0%annually over the last three years.
Cross Timbers Royalty Trust Stock Up 0.8%
Shares of NYSE:CRT opened at $10.69 on Wednesday. The company has a market cap of $64.14 million, a PE ratio of 19.80 and a beta of -0.02. The company’s 50-day moving average price is $10.42 and its 200 day moving average price is $9.12. Cross Timbers Royalty Trust has a fifty-two week low of $7.07 and a fifty-two week high of $11.10.
Insider Transactions at Cross Timbers Royalty Trust
In related news, major shareholder Eric L. Oliver bought 28,861 shares of the stock in a transaction on Friday, April 17th. The shares were purchased at an average price of $10.44 per share, with a total value of $301,308.84. Following the purchase, the insider owned 787,073 shares in the company, valued at approximately $8,217,042.12. This represents a 3.81% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. In the last three months, insiders have bought 131,089 shares of company stock valued at $1,348,760. Corporate insiders own 9.40% of the company’s stock.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently made changes to their positions in CRT. Susquehanna International Group LLP acquired a new position in shares of Cross Timbers Royalty Trust during the third quarter valued at approximately $212,000. Welch Group LLC bought a new position in Cross Timbers Royalty Trust during the 1st quarter valued at $157,000. O Shaughnessy Asset Management LLC boosted its stake in Cross Timbers Royalty Trust by 23.3% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 14,030 shares of the oil and gas company’s stock valued at $112,000 after purchasing an additional 2,651 shares in the last quarter. Ritholtz Wealth Management acquired a new position in shares of Cross Timbers Royalty Trust during the 1st quarter valued at $112,000. Finally, Bank of America Corp DE increased its position in shares of Cross Timbers Royalty Trust by 81.3% during the 2nd quarter. Bank of America Corp DE now owns 3,596 shares of the oil and gas company’s stock valued at $36,000 after purchasing an additional 1,612 shares during the period. 9.74% of the stock is currently owned by institutional investors.
About Cross Timbers Royalty Trust
Cross Timbers Royalty Trust (NYSE:CRT) is a Delaware statutory trust that holds royalty interests in a portfolio of onshore oil and natural gas properties. The trust was established in June 2005 through a contribution of assets by Chesapeake Energy Corporation. It earns revenue by collecting overriding royalty and net profit interests carved out of producing leases and then distributing those receipts to its unitholders on a quarterly basis.
The underlying assets of the trust consist primarily of oil, natural gas and natural gas liquids reserves located in several Texas counties, including Erath, Stephens, Comanche and Palo Pinto.
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