Eric Oliver Purchases 12,950 Shares of Cross Timbers Royalty Trust (NYSE:CRT) Stock

Cross Timbers Royalty Trust (NYSE:CRT) major shareholder Eric Oliver purchased 12,950 shares of Cross Timbers Royalty Trust stock in a transaction on Wednesday, August 12th. The stock was bought at an average price of $10.08 per share, with a total value of $130,536.00. Following the completion of the acquisition, the insider directly owned 951,042 shares of the company’s stock, valued at approximately $9,586,503.36. This trade represents a 1.38% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Large shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.

Cross Timbers Royalty Trust Trading Up 2.7%

CRT opened at $10.35 on Friday. The company has a fifty day moving average price of $9.67 and a two-hundred day moving average price of $9.84. Cross Timbers Royalty Trust has a 1-year low of $7.07 and a 1-year high of $11.10. The company has a market cap of $62.07 million, a P/E ratio of 19.52 and a beta of -0.05.

Cross Timbers Royalty Trust (NYSE:CRT) last released its quarterly earnings data on Thursday, August 13th. The oil and gas company reported $0.14 earnings per share (EPS) for the quarter. Cross Timbers Royalty Trust had a net margin of 74.04% and a return on equity of 146.32%.

Cross Timbers Royalty Trust Increases Dividend

The company also recently declared a monthly dividend, which was paid on Friday, August 14th. Investors of record on Friday, July 31st were paid a dividend of $0.0614 per share. This is an increase from Cross Timbers Royalty Trust’s previous monthly dividend of $0.04. The ex-dividend date of this dividend was Friday, July 31st. This represents a c) dividend on an annualized basis and a yield of 7.1%. Cross Timbers Royalty Trust’s dividend payout ratio (DPR) is currently 137.04%.

Analyst Ratings Changes

Separately, Weiss Ratings cut Cross Timbers Royalty Trust from a “hold (c)” rating to a “hold (c-)” rating in a research note on Thursday, June 18th. One analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, Cross Timbers Royalty Trust has an average rating of “Hold”.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in CRT. Bank of America Corp DE increased its position in shares of Cross Timbers Royalty Trust by 81.2% during the second 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 in the last quarter. O Shaughnessy Asset Management LLC boosted its stake in Cross Timbers Royalty Trust by 23.3% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 14,030 shares of the oil and gas company’s stock valued at $112,000 after purchasing an additional 2,651 shares during the last quarter. Ritholtz Wealth Management acquired a new position in Cross Timbers Royalty Trust during the 1st quarter valued at about $112,000. Welch Group LLC bought a new stake in Cross Timbers Royalty Trust during the 1st quarter worth approximately $157,000. Finally, Susquehanna International Group LLP bought a new stake in Cross Timbers Royalty Trust during the 3rd quarter worth approximately $212,000. 9.74% of the stock is owned by institutional investors.

Cross Timbers Royalty Trust Company Profile

Cross Timbers Royalty Trust (NYSE:CRT) is a Delaware statutory trust that holds royalty interests in a portfolio of onshore oil and natural gas properties. The trust was established in June 2005 through a contribution of assets by Chesapeake Energy Corporation. It earns revenue by collecting overriding royalty and net profit interests carved out of producing leases and then distributing those receipts to its unitholders on a quarterly basis.

The underlying assets of the trust consist primarily of oil, natural gas and natural gas liquids reserves located in several Texas counties, including Erath, Stephens, Comanche and Palo Pinto.