Cross Timbers Royalty Trust (NYSE:CRT) was up 0.8% during mid-day trading on Wednesday . The company traded as high as $8.45 and last traded at $8.45, approximately 100 shares changed hands during mid-day trading. A decline of 100% from the average daily volume of 20,486 shares. The stock had previously closed at $8.38.
The company has a market capitalization of $50.49 million, a price-to-earnings ratio of 6.98 and a beta of 0.89. The stock’s fifty day moving average price is $8.53 and its 200-day moving average price is $10.59.
The firm also recently disclosed a monthly dividend, which will be paid on Friday, November 15th. Stockholders of record on Thursday, October 31st will be issued a $0.076 dividend. The ex-dividend date is Wednesday, October 30th. This is an increase from Cross Timbers Royalty Trust’s previous monthly dividend of $0.05. This represents a $0.91 dividend on an annualized basis and a dividend yield of 10.79%.
A hedge fund recently bought a new stake in Cross Timbers Royalty Trust stock. BBVA USA Bancshares Inc. acquired a new stake in Cross Timbers Royalty Trust (NYSE:CRT) during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 10,000 shares of the oil and gas company’s stock, valued at approximately $84,000. BBVA USA Bancshares Inc. owned about 0.17% of Cross Timbers Royalty Trust as of its most recent SEC filing. Institutional investors and hedge funds own 8.68% of the company’s stock.
About Cross Timbers Royalty Trust (NYSE:CRT)
Cross Timbers Royalty Trust is an express trust, which operates as a trustee of Southwest Bank. It is created to collect and distribute monthly net profits income to unitholders. It has interest in certain royalty and overriding royalty interest properties in Texas, Oklahoma and New Mexico. The firm also has interest in certain working interest properties in Texas and Oklahoma.
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