Cross Timbers Royalty Trust (NYSE:CRT – Get Free Report) major shareholder Eric Oliver bought 4,817 shares of Cross Timbers Royalty Trust stock in a transaction dated Monday, October 12th. The shares were acquired at an average cost of $12.00 per share, for a total transaction of $57,804.00. Following the completion of the purchase, the insider directly owned 1,018,049 shares of the company’s stock, valued at approximately $12,216,588. This trade represents a 0.48% increase in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Major shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.
Cross Timbers Royalty Trust Stock Performance
Shares of Cross Timbers Royalty Trust stock traded down $0.05 during midday trading on Friday, reaching $12.81. 9,149 shares of the company’s stock traded hands, compared to its average volume of 22,110. The stock has a 50 day moving average of $11.42 and a 200-day moving average of $10.61. Cross Timbers Royalty Trust has a 12 month low of $7.07 and a 12 month high of $13.15. The company has a market cap of $76.84 million, a PE ratio of 24.16 and a beta of 0.01.
Cross Timbers Royalty Trust (NYSE:CRT – Get Free Report) last released its quarterly earnings results on Thursday, August 13th. The oil and gas company reported $0.14 earnings per share 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 Cuts Dividend
The business also recently disclosed a monthly dividend, which was paid on Thursday, October 15th. Shareholders of record on Wednesday, September 30th were issued a $0.0643 dividend. This is a drop from Cross Timbers Royalty Trust’s previous monthly dividend of $0.0679. The ex-dividend date was Wednesday, September 30th. This represents a $0.77 annualized dividend and a yield of 6.0%. Cross Timbers Royalty Trust’s dividend payout ratio (DPR) is currently 145.28%.
Institutional Inflows and Outflows
An institutional investor recently bought a new stake in Cross Timbers Royalty Trust stock. Ritholtz Wealth Management purchased a new stake in shares of Cross Timbers Royalty Trust (NYSE:CRT – Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 10,558 shares of the oil and gas company’s stock, valued at approximately $112,000. Ritholtz Wealth Management owned approximately 0.18% of Cross Timbers Royalty Trust as of its most recent SEC filing. 9.74% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth
Separately, Weiss Ratings raised shares of Cross Timbers Royalty Trust from a “hold (c-)” rating to a “hold (c)” rating in a research note on Tuesday. One analyst has rated the stock with a Hold rating. Based on data from MarketBeat, the stock has a consensus rating of “Hold”.
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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