Cross Timbers Royalty Trust (NYSE:CRT – Get Free Report) was the recipient of a significant growth in short interest in the month of September. As of September 30th, there was short interest totaling 25,987 shares, a growth of 116.6% from the September 15th total of 11,996 shares. Currently, 0.5% of the company’s shares are short sold. Based on an average daily volume of 38,369 shares, the short-interest ratio is currently 0.7 days.
Cross Timbers Royalty Trust Trading Up 1.4%
Shares of NYSE:CRT traded up $0.17 on Wednesday, reaching $12.48. The company had a trading volume of 13,660 shares, compared to its average volume of 26,427. Cross Timbers Royalty Trust has a 52-week low of $7.07 and a 52-week high of $13.15. The firm’s 50 day simple moving average is $11.31 and its 200-day simple moving average is $10.58. The firm has a market capitalization of $74.89 million, a PE ratio of 23.23 and a beta of 0.01.
Cross Timbers Royalty Trust (NYSE:CRT – Get Free Report) last issued its quarterly earnings data on Thursday, August 13th. The oil and gas company reported $0.14 earnings per share 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 Cuts Dividend
Analysts Set New Price Targets
Separately, Weiss Ratings raised Cross Timbers Royalty Trust from a “hold (c-)” rating to a “hold (c)” rating in a research report on Tuesday. One investment analyst has rated the stock with a Hold rating. Based on data from MarketBeat, the company has an average rating of “Hold”.
Insider Activity
In other news, major shareholder Eric L. Oliver acquired 4,817 shares of the company’s stock in a transaction that occurred on Monday, October 12th. The shares were bought at an average price of $12.00 per share, with a total value of $57,804.00. Following the completion of the purchase, the insider directly owned 1,018,049 shares in the company, valued at $12,216,588. This trade represents a 0.48% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders purchased a total of 94,466 shares of company stock valued at $1,024,100 in the last ninety days. 9.40% of the stock is currently owned by insiders.
Institutional Investors Weigh In On Cross Timbers Royalty Trust
A hedge fund recently bought a new stake in Cross Timbers Royalty Trust stock. Welch Group LLC purchased a new position in Cross Timbers Royalty Trust (NYSE:CRT – Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 14,852 shares of the oil and gas company’s stock, valued at approximately $157,000. Welch Group LLC owned about 0.25% of Cross Timbers Royalty Trust at the end of the most recent quarter. Institutional investors own 9.74% of the company’s stock.
Cross Timbers Royalty Trust Company Profile
Cross Timbers Royalty Trust (NYSE:CRT) is a grantor trust that owns royalty and net profits interests in certain oil and natural gas properties. The trust does not operate wells or provide exploration, drilling, or production services directly. Instead, it receives distributions based on production and sales from the underlying properties, after applicable production expenses and other deductions.
The trust’s interests are associated primarily with oil and natural gas properties in Texas and Oklahoma.
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