Cross Timbers Royalty Trust (NYSE:CRT) Major Shareholder Buys 16,360 Shares of Stock

Cross Timbers Royalty Trust (NYSE:CRTGet Free Report) major shareholder Eric Oliver purchased 16,360 shares of the business’s stock in a transaction on Friday, September 11th. The stock was purchased at an average cost of $11.46 per share, for a total transaction of $187,485.60. Following the completion of the acquisition, the insider directly owned 1,005,873 shares of the company’s stock, valued at approximately $11,527,304.58. The trade was a 1.65% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Large shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.

Cross Timbers Royalty Trust Trading Up 8.7%

Shares of CRT stock traded up $1.04 during trading hours on Tuesday, reaching $13.04. 106,174 shares of the company’s stock were exchanged, compared to its average volume of 29,611. The stock has a market cap of $78.21 million, a PE ratio of 24.59 and a beta of -0.04. Cross Timbers Royalty Trust has a 1 year low of $7.07 and a 1 year high of $13.15. The stock’s fifty day moving average price is $10.25 and its two-hundred day moving average price is $10.17.

Cross Timbers Royalty Trust (NYSE:CRTGet Free Report) last posted its quarterly earnings data on Thursday, August 13th. The oil and gas company reported $0.14 EPS for the quarter. Cross Timbers Royalty Trust had a net margin of 74.04% and a return on equity of 147.68%.

Cross Timbers Royalty Trust Increases Dividend

The company also recently announced a monthly dividend, which will be paid on Tuesday, September 15th. Investors of record on Monday, August 31st will be given a $0.0679 dividend. This is an increase from Cross Timbers Royalty Trust’s previous monthly dividend of $0.06. This represents a c) dividend on an annualized basis and a yield of 6.3%. The ex-dividend date is Monday, August 31st. Cross Timbers Royalty Trust’s payout ratio is currently 152.83%.

Analyst Ratings Changes

Separately, Weiss Ratings cut shares of Cross Timbers Royalty Trust from a “hold (c)” rating to a “hold (c-)” rating in a research note on Thursday, June 18th. One analyst has rated the stock with a Hold rating, According to data from MarketBeat, the stock presently has an average rating of “Hold”.

View Our Latest Research Report on CRT

Hedge Funds Weigh In On Cross Timbers Royalty Trust

A hedge fund recently bought a new position in Cross Timbers Royalty Trust stock. Welch Group LLC acquired a new stake in Cross Timbers Royalty Trust (NYSE:CRTFree Report) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 14,852 shares of the oil and gas company’s stock, valued at approximately $157,000. Welch Group LLC owned approximately 0.25% of Cross Timbers Royalty Trust as of its most recent filing with the Securities and Exchange Commission (SEC). Institutional investors and hedge funds own 9.74% of the company’s stock.

About Cross Timbers Royalty Trust

(Get Free Report)

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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Insider Buying and Selling by Quarter for Cross Timbers Royalty Trust (NYSE:CRT)

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