Cross Timbers Royalty Trust Plans Aug 25 Dividend of $0.01 (NYSE:CRT)
Cross Timbers Royalty Trust (NYSE:CRT) announced a dividend of $0.0134 per share, payable on September 15, 2023, to shareholders of record on August 29, 2023. The stock opened at $8.74, with a 52-week range of $8.46 to $13.31. The company reported $0.15 EPS and $1.31 million in revenue for the last quarter. Institutional investors hold 9.74% of the stock, with significant recent activity from hedge funds. Cross Timbers operates as an express trust with interests in oil and gas properties in Texas, Oklahoma, and New Mexico.
Cross Timbers Royalty Trust (NYSE:CRT - Get Free Report) announced a aug 25 dividend on Tuesday, August 19th, RTT News reports. Shareholders of record on Friday, August 29th will be paid a dividend of 0.0134 per share by the oil and gas company on Monday, September 15th.
Cross Timbers Royalty Trust Price Performance
NYSE:CRT opened at $8.74 on Tuesday. Cross Timbers Royalty Trust has a fifty-two week low of $8.46 and a fifty-two week high of $13.31. The stock's 50-day moving average is $9.50 and its two-hundred day moving average is $10.21. The stock has a market cap of $52.41 million, a PE ratio of 9.49 and a beta of 0.17.
Cross Timbers Royalty Trust (NYSE:CRT - Get Free Report) last issued its quarterly earnings results on Wednesday, August 13th. The oil and gas company reported $0.15 EPS for the quarter. The company had revenue of $1.31 million during the quarter. Cross Timbers Royalty Trust had a return on equity of 231.09% and a net margin of 84.24%.
Institutional Inflows and Outflows
A number of hedge funds have recently bought and sold shares of the stock. Bank of America Corp DE increased its holdings in shares of Cross Timbers Royalty Trust by 81.3% during the 2nd quarter. Bank of America Corp DE now owns 3,596 shares of the oil and gas company's stock worth $36,000 after acquiring an additional 1,612 shares during the last quarter. Scotia Capital Inc. acquired a new position in Cross Timbers Royalty Trust in the second quarter valued at about $109,000. Ritholtz Wealth Management bought a new stake in shares of Cross Timbers Royalty Trust during the 2nd quarter worth $169,000. PNC Financial Services Group Inc. lifted its position 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 buying an additional 10,000 shares during the last quarter. Finally, Miracle Mile Advisors LLC increased its holdings in Cross Timbers Royalty Trust by 20.0% in the 1st quarter. Miracle Mile Advisors LLC now owns 18,000 shares of the oil and gas company's stock worth $237,000 after purchasing an additional 3,000 shares in the last quarter. 9.74% of the stock is currently owned by institutional investors.
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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