Cross Timbers Royalty Trust (NYSE:CRT – Get Free Report) major shareholder Eric Oliver purchased 9,609 shares of the firm’s stock in a transaction dated Friday, August 14th. The stock was acquired at an average price of $10.44 per share, for a total transaction of $100,317.96. Following the purchase, the insider owned 963,738 shares in the company, valued at approximately $10,061,424.72. The trade was a 1.01% increase in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Major shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.
Cross Timbers Royalty Trust Stock Up 0.1%
Shares of CRT stock opened at $10.59 on Thursday. Cross Timbers Royalty Trust has a twelve month low of $7.07 and a twelve month high of $11.10. The company has a market cap of $63.53 million, a P/E ratio of 19.98 and a beta of -0.05. The business has a fifty day simple moving average of $9.66 and a 200 day simple moving average of $9.89.
Cross Timbers Royalty Trust (NYSE:CRT – Get Free Report) last released its earnings results on Thursday, August 13th. The oil and gas company reported $0.14 earnings per share (EPS) for the quarter. Cross Timbers Royalty Trust had a return on equity of 147.68% and a net margin of 74.04%.
Cross Timbers Royalty Trust Increases Dividend
Analyst Upgrades and Downgrades
Separately, Weiss Ratings downgraded 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 MarketBeat, the stock currently has an average rating of “Hold”.
Check Out Our Latest Analysis on Cross Timbers Royalty Trust
Institutional Trading of Cross Timbers Royalty Trust
A number of hedge funds have recently made changes to their positions in CRT. Bank of America Corp DE raised its holdings in Cross Timbers Royalty Trust by 81.2% in 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 buying an additional 1,612 shares during the last quarter. O Shaughnessy Asset Management LLC increased its position in Cross Timbers Royalty Trust by 23.3% in 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 acquiring an additional 2,651 shares during the period. Ritholtz Wealth Management acquired a new position in Cross Timbers Royalty Trust in the 1st quarter valued at approximately $112,000. Welch Group LLC bought a new position in shares of Cross Timbers Royalty Trust during the first quarter valued at $157,000. Finally, Susquehanna International Group LLP bought a new position in shares of Cross Timbers Royalty Trust during the third quarter valued at $212,000. 9.74% of the stock is owned by institutional investors and hedge funds.
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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