Cross Timbers Royalty Trust (NYSE:CRT) Stock Crosses Below 200-Day Moving Average – What’s Next?

Cross Timbers Royalty Trust (NYSE:CRT) shares crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $8.99 and traded as low as $7.57. Cross Timbers Royalty Trust shares last traded at $7.63, with a volume of 15,552 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “sell (d)” rating on shares of Cross Timbers Royalty Trust in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock has a consensus rating of “Sell”.

Cross Timbers Royalty Trust Stock Up 0.1%

The company has a market capitalization of $45.78 million, a PE ratio of 8.29 and a beta of 0.20. The company’s 50 day moving average is $7.74 and its two-hundred day moving average is $8.99.

Cross Timbers Royalty Trust (NYSE:CRT) last announced its quarterly earnings results on Wednesday, August 13th. The oil and gas company reported $0.15 EPS for the quarter. Cross Timbers Royalty Trust had a return on equity of 231.09% and a net margin of 84.24%.The company had revenue of $1.31 million during the quarter.

Cross Timbers Royalty Trust Increases Dividend

The firm also recently declared a monthly dividend, which will be paid on Monday, November 17th. Investors of record on Friday, October 31st will be issued a $0.0752 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 11.8%. The ex-dividend date of this dividend is Friday, October 31st. This is a positive change from Cross Timbers Royalty Trust’s previous monthly dividend of $0.03. Cross Timbers Royalty Trust’s payout ratio is 97.83%.

Institutional Investors Weigh In On Cross Timbers Royalty Trust

Several large investors have recently added to or reduced their stakes in CRT. Ritholtz Wealth Management purchased a new position in shares of Cross Timbers Royalty Trust in the 2nd quarter worth approximately $169,000. Scotia Capital Inc. purchased a new position in Cross Timbers Royalty Trust during the second quarter worth $109,000. PNC Financial Services Group Inc. increased its position in Cross Timbers Royalty Trust by 2,500.0% during the first quarter. PNC Financial Services Group Inc. now owns 10,400 shares of the oil and gas company’s stock valued at $137,000 after acquiring an additional 10,000 shares during the last quarter. Finally, Bank of America Corp DE lifted its holdings in shares of Cross Timbers Royalty Trust by 81.3% in 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. 9.74% of the stock is owned by 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.