Cross Timbers Royalty Trust (NYSE:CRT) Announces Quarterly Earnings Results

Cross Timbers Royalty Trust (NYSE:CRT) announced its quarterly earnings data on Thursday. The oil and gas company reported $0.08 earnings per share (EPS) for the quarter, Zacks reports. Cross Timbers Royalty Trust had a net margin of 84.24% and a return on equity of 231.09%.

Cross Timbers Royalty Trust Price Performance

NYSE CRT traded up $0.01 on Thursday, reaching $8.81. The company had a trading volume of 57,908 shares, compared to its average volume of 28,379. The firm has a 50-day moving average of $7.69 and a 200-day moving average of $8.93. The firm has a market capitalization of $52.83 million, a PE ratio of 9.57 and a beta of 0.20. Cross Timbers Royalty Trust has a 1 year low of $7.07 and a 1 year high of $13.31.

Cross Timbers Royalty Trust Increases Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Monday, November 17th. Stockholders of record on Friday, October 31st will be given a $0.0752 dividend. The ex-dividend date of this dividend is Friday, October 31st. This is an increase from Cross Timbers Royalty Trust’s previous monthly dividend of $0.03. This represents a c) annualized dividend and a dividend yield of 10.2%. Cross Timbers Royalty Trust’s dividend payout ratio (DPR) is currently 97.83%.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “sell (d)” rating on shares of Cross Timbers Royalty Trust in a report on Wednesday, October 8th. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company has an average rating of “Sell”.

Institutional Trading of Cross Timbers Royalty Trust

A hedge fund recently raised its stake in Cross Timbers Royalty Trust stock. Bank of America Corp DE boosted its stake in shares of Cross Timbers Royalty Trust (NYSE:CRT) by 81.3% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 3,596 shares of the oil and gas company’s stock after purchasing an additional 1,612 shares during the period. Bank of America Corp DE owned 0.06% of Cross Timbers Royalty Trust worth $36,000 as of its most recent filing with the SEC. Institutional investors and hedge funds own 9.74% of the company’s stock.

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.