Cross Timbers Royalty Trust (NYSE:CRT) Shares Sold by Mraz Amerine & Associates Inc.

Mraz Amerine & Associates Inc. trimmed its stake in Cross Timbers Royalty Trust (NYSE:CRT) by 33.0% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 58,041 shares of the oil and gas company’s stock after selling 28,596 shares during the quarter. Mraz Amerine & Associates Inc. owned approximately 0.97% of Cross Timbers Royalty Trust worth $1,016,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of CRT. NewEdge Advisors LLC purchased a new position in shares of Cross Timbers Royalty Trust during the first quarter valued at $780,000. UBS Group AG boosted its position in Cross Timbers Royalty Trust by 9.3% during the first quarter. UBS Group AG now owns 13,425 shares of the oil and gas company’s stock valued at $176,000 after purchasing an additional 1,138 shares during the last quarter. Bank of America Corp DE boosted its position in Cross Timbers Royalty Trust by 54.9% during the first quarter. Bank of America Corp DE now owns 6,374 shares of the oil and gas company’s stock valued at $83,000 after purchasing an additional 2,260 shares during the last quarter. LPL Financial LLC boosted its position in Cross Timbers Royalty Trust by 20.9% during the second quarter. LPL Financial LLC now owns 13,010 shares of the oil and gas company’s stock valued at $197,000 after purchasing an additional 2,251 shares during the last quarter. Finally, Citadel Advisors LLC acquired a new stake in Cross Timbers Royalty Trust during the third quarter valued at $216,000. Hedge funds and other institutional investors own 9.74% of the company’s stock.

Cross Timbers Royalty Trust Price Performance

CRT traded up $0.19 during trading on Wednesday, reaching $13.11. 37,601 shares of the stock traded hands, compared to its average volume of 36,574. The stock has a market cap of $78.66 million, a price-to-earnings ratio of 6.79 and a beta of 0.59. Cross Timbers Royalty Trust has a fifty-two week low of $12.50 and a fifty-two week high of $26.10. The stock’s 50-day simple moving average is $15.43 and its two-hundred day simple moving average is $17.34.

Cross Timbers Royalty Trust Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Friday, April 12th. Shareholders of record on Thursday, March 28th were given a $0.019 dividend. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $0.23 dividend on an annualized basis and a dividend yield of 1.74%. Cross Timbers Royalty Trust’s dividend payout ratio is currently 11.92%.

About Cross Timbers Royalty Trust

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.