Cross Timbers Royalty Trust (NYSE:CRT) Stock Price Crosses Below Fifty Day Moving Average - Time to Sell?
Cross Timbers Royalty Trust (NYSE:CRT) shares fell below their 50-day moving average of $9.86, trading at $9.55 with a market cap of $57.27 million. The company reported $0.30 EPS for the last quarter and declared a dividend of $0.0304 payable on August 14. Institutional investors have increased their holdings significantly, with 9.74% of the stock owned by them. Analysts currently rate the stock as a Hold, but it is not among the top recommended stocks by analysts.
Cross Timbers Royalty Trust (NYSE:CRT - Get Free Report) passed below its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $9.86 and traded as low as $9.50. Cross Timbers Royalty Trust shares last traded at $9.55, with a volume of 9,467 shares traded.
Cross Timbers Royalty Trust Stock Performance
The company has a market capitalization of $57.27 million, a price-to-earnings ratio of 9.64 and a beta of 0.11. The firm's 50-day simple moving average is $9.86 and its 200-day simple moving average is $10.39.
Cross Timbers Royalty Trust (NYSE:CRT - Get Free Report) last posted its quarterly earnings results on Wednesday, May 14th. The oil and gas company reported $0.30 earnings per share (EPS) for the quarter. Cross Timbers Royalty Trust had a net margin of 87.50% and a return on equity of 243.41%.
Cross Timbers Royalty Trust Announces Dividend
The business also recently declared a jul 25 dividend, which will be paid on Thursday, August 14th. Shareholders of record on Thursday, July 31st will be given a $0.0304 dividend. Cross Timbers Royalty Trust's dividend payout ratio is 43.43%.
Institutional Trading of Cross Timbers Royalty Trust
Hedge funds and other institutional investors have recently bought and sold shares of the stock. PNC Financial Services Group Inc. lifted its holdings in shares of Cross Timbers Royalty Trust by 2,500.0% during the 1st quarter. PNC Financial Services Group Inc. now owns 10,400 shares of the oil and gas company's stock worth $137,000 after acquiring an additional 10,000 shares during the period. Citadel Advisors LLC bought a new position in shares of Cross Timbers Royalty Trust during the 4th quarter worth about $132,000. Ritholtz Wealth Management bought a new position in shares of Cross Timbers Royalty Trust during the 2nd quarter worth about $169,000. Miracle Mile Advisors LLC lifted its holdings in shares of Cross Timbers Royalty Trust by 20.0% during the 1st quarter. Miracle Mile Advisors LLC now owns 18,000 shares of the oil and gas company's stock worth $237,000 after acquiring an additional 3,000 shares during the period. Finally, Beacon Pointe Advisors LLC bought a new position in shares of Cross Timbers Royalty Trust during the 4th quarter worth about $618,000. 9.74% of the stock is currently owned by institutional investors and hedge funds.
Cross Timbers Royalty Trust Company Profile
(Get Free Report)Cross Timbers Royalty Trust operates as an express trust in the United States. It holds 90% net profits interests in certain producing and nonproducing royalty and overriding royalty interest properties in Texas, Oklahoma, and New Mexico; and 75% net profits working interest in four properties in Texas and three properties in Oklahoma.
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