Cross Timbers Royalty Trust (NYSE:CRT – Get Free Report) major shareholder Eric Oliver acquired 13,132 shares of the company’s stock in a transaction on Tuesday, August 11th. The shares were bought at an average price of $9.95 per share, for a total transaction of $130,663.40. Following the completion of the purchase, the insider owned 938,092 shares in the company, valued at approximately $9,334,015.40. This represents a 1.42% increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Major shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.
Cross Timbers Royalty Trust Price Performance
CRT opened at $10.35 on Friday. The company has a market capitalization of $62.07 million, a price-to-earnings ratio of 19.52 and a beta of -0.05. The firm’s fifty day moving average price is $9.67 and its two-hundred day moving average price is $9.84. Cross Timbers Royalty Trust has a 1 year low of $7.07 and a 1 year high of $11.10.
Cross Timbers Royalty Trust (NYSE:CRT – Get Free Report) last announced its earnings results 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 146.32%.
Cross Timbers Royalty Trust Increases Dividend
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 report on Thursday, June 18th. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat, Cross Timbers Royalty Trust presently has an average rating of “Hold”.
Get Our Latest Stock Report on Cross Timbers Royalty Trust
Institutional Inflows and Outflows
A number of institutional investors have recently bought and sold shares of the business. Bank of America Corp DE raised its stake in shares of Cross Timbers Royalty Trust by 81.2% during the 2nd quarter. Bank of America Corp DE now owns 3,596 shares of the oil and gas company’s stock worth $36,000 after purchasing an additional 1,612 shares during the period. O Shaughnessy Asset Management LLC grew its position in Cross Timbers Royalty Trust by 23.3% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 14,030 shares of the oil and gas company’s stock valued at $112,000 after buying an additional 2,651 shares during the period. Ritholtz Wealth Management purchased a new stake in Cross Timbers Royalty Trust during the first quarter worth about $112,000. Welch Group LLC purchased a new stake in Cross Timbers Royalty Trust during the first quarter worth about $157,000. Finally, Susquehanna International Group LLP purchased a new stake in Cross Timbers Royalty Trust during the third quarter worth about $212,000. Institutional investors own 9.74% of the company’s stock.
Cross Timbers Royalty Trust Company Profile
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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