Cross Timbers Royalty Trust Announces Monthly Dividend of $0.06 (NYSE:CRT)

Cross Timbers Royalty Trust (NYSE:CRT) declared a monthly dividend on Friday, September 18th. Stockholders of record on Wednesday, September 30th will be paid a dividend of 0.0643 per share by the oil and gas company on Thursday, October 15th. This represents a c) dividend on an annualized basis and a dividend yield of 6.1%. The ex-dividend date of this dividend is Wednesday, September 30th.

Cross Timbers Royalty Trust has decreased its dividend payment by an average of 0.0%per year over the last three years.

Cross Timbers Royalty Trust Stock Down 1.8%

NYSE CRT traded down $0.23 during trading hours on Friday, hitting $12.75. 25,025 shares of the stock were exchanged, compared to its average volume of 29,992. The company has a market cap of $76.48 million, a price-to-earnings ratio of 24.05 and a beta of -0.04. Cross Timbers Royalty Trust has a 12-month low of $7.07 and a 12-month high of $13.15. The stock has a 50-day moving average of $10.46 and a 200 day moving average of $10.25.

Cross Timbers Royalty Trust (NYSE:CRT) last released its earnings results 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 return on equity of 147.68% and a net margin of 74.04%.

Insider Activity

In other news, major shareholder Eric L. Oliver bought 16,360 shares of the business’s stock in a transaction that occurred on Friday, September 11th. The stock was purchased at an average price of $11.46 per share, with a total value of $187,485.60. Following the purchase, the insider owned 1,005,873 shares of the company’s stock, valued at $11,527,304.58. This trade represents a 1.65% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Insiders acquired 144,251 shares of company stock valued at $1,411,689 in the last quarter. 9.40% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Cross Timbers Royalty Trust

A hedge fund recently bought a new stake in Cross Timbers Royalty Trust stock. Ritholtz Wealth Management acquired a new stake in shares of Cross Timbers Royalty Trust (NYSE:CRT) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 10,558 shares of the oil and gas company’s stock, valued at approximately $112,000. Ritholtz Wealth Management owned 0.18% of Cross Timbers Royalty Trust as of its most recent filing with the Securities & Exchange Commission. 9.74% of the stock is currently owned by institutional investors and hedge funds.

About Cross Timbers Royalty Trust

Cross Timbers Royalty Trust (NYSE: CRT) is a grantor trust that owns royalty and net profits interests in oil and natural gas properties. The trust does not operate producing wells itself; instead, it receives distributions based on production and proceeds from the underlying properties after applicable expenses and deductions.

The trust’s interests are associated primarily with oil and natural gas properties in Texas and Oklahoma, with historical interests also connected to properties in New Mexico.