Cross Timbers Royalty Trust (NYSE:CRT) Shares Pass Below 200-Day Moving Average of $17.42

Cross Timbers Royalty Trust (NYSE:CRT)’s share price crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $17.42 and traded as low as $12.81. Cross Timbers Royalty Trust shares last traded at $12.94, with a volume of 37,383 shares.

Cross Timbers Royalty Trust Stock Up 0.1 %

The stock’s fifty day moving average price is $15.43 and its two-hundred day moving average price is $17.34. The company has a market capitalization of $79.02 million, a PE ratio of 6.82 and a beta of 0.59.

Cross Timbers Royalty Trust Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Friday, April 12th. Stockholders of record on Thursday, March 28th were issued a dividend of $0.019 per share. The ex-dividend date was Wednesday, March 27th. This represents a $0.23 dividend on an annualized basis and a dividend yield of 1.73%. Cross Timbers Royalty Trust’s dividend payout ratio is currently 11.92%.

Institutional Trading of Cross Timbers Royalty Trust

Institutional investors have recently modified their holdings of the company. Waddell & Associates LLC lifted its holdings in Cross Timbers Royalty Trust by 10.3% in the fourth quarter. Waddell & Associates LLC now owns 14,370 shares of the oil and gas company’s stock worth $251,000 after buying an additional 1,344 shares during the period. UBS Group AG lifted its holdings in Cross Timbers Royalty Trust by 5.5% in the fourth quarter. UBS Group AG now owns 12,407 shares of the oil and gas company’s stock worth $218,000 after buying an additional 642 shares during the period. Navellier & Associates Inc. purchased a new stake in Cross Timbers Royalty Trust in the fourth quarter worth about $362,000. Significant Wealth Partners LLC purchased a new stake in Cross Timbers Royalty Trust in the fourth quarter worth about $866,000. Finally, Beacon Pointe Advisors LLC purchased a new stake in Cross Timbers Royalty Trust in the second quarter worth about $1,569,000. 9.74% of the stock is currently owned by hedge funds and other institutional investors.

Cross Timbers Royalty Trust Company Profile

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.