Cross Timbers Royalty Trust (NYSE:CRT – Get Free Report) major shareholder Eric Oliver acquired 1,377 shares of the business’s stock in a transaction that occurred on Tuesday, October 13th. The stock was bought at an average cost of $12.23 per share, for a total transaction of $16,840.71. Following the completion of the transaction, the insider directly owned 1,019,426 shares in the company, valued at $12,467,579.98. This represents a 0.14% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Large shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.
Cross Timbers Royalty Trust Stock Performance
NYSE CRT traded down $0.05 on Friday, reaching $12.81. The company had a trading volume of 9,149 shares, compared to its average volume of 22,110. The firm has a market capitalization of $76.84 million, a price-to-earnings ratio of 24.16 and a beta of 0.01. Cross Timbers Royalty Trust has a 1-year low of $7.07 and a 1-year high of $13.15. The company’s fifty day moving average is $11.42 and its 200-day moving average is $10.61.
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 Cuts Dividend
The company also recently disclosed a monthly dividend, which was paid on Thursday, October 15th. Stockholders of record on Wednesday, September 30th were given a dividend of $0.0643 per share. This is a decrease from Cross Timbers Royalty Trust’s previous monthly dividend of $0.0679. This represents a $0.77 annualized dividend and a dividend yield of 6.0%. The ex-dividend date of this dividend was Wednesday, September 30th. Cross Timbers Royalty Trust’s payout ratio is currently 145.28%.
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 equities research analyst has rated the stock with a Hold rating. According to MarketBeat, the stock presently has an average rating of “Hold”.
Read Our Latest Stock Report on CRT
Institutional Inflows and Outflows
A hedge fund recently bought a new position in Cross Timbers Royalty Trust stock. Ritholtz Wealth Management bought a new stake in Cross Timbers Royalty Trust (NYSE:CRT – Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 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 at the end of the most recent quarter. Institutional investors and hedge funds 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.
Further Reading
- Five stocks we like better than Cross Timbers Royalty Trust
- ManpowerGroup Stock Sinks on Q3 Results, But Fundamentals Stay Solid
- Does the AI Selloff Put Alphabet’s Breakout in Doubt?
- Bank Earnings Are Mixed—These 2 ETFs Offer Very Different Paths to a Recovery
- 3 Stocks Delivering Bigger Dividends Despite Market Uncertainty
Receive News & Ratings for Cross Timbers Royalty Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cross Timbers Royalty Trust and related companies with MarketBeat.com's FREE daily email newsletter.
