Ritholtz Wealth Management Takes $169,000 Position in Cross Timbers Royalty Trust $CRT

Ritholtz Wealth Management acquired a new stake in Cross Timbers Royalty Trust (NYSE:CRT) during the second quarter, Holdings Channel.com reports. The firm acquired 17,061 shares of the oil and gas company’s stock, valued at approximately $169,000.

Separately, PNC Financial Services Group Inc. raised its holdings in shares of Cross Timbers Royalty Trust by 2,500.0% in the 1st quarter. PNC Financial Services Group Inc. now owns 10,400 shares of the oil and gas company’s stock valued at $137,000 after purchasing an additional 10,000 shares in the last quarter. 9.74% of the stock is currently owned by institutional investors and hedge funds.

Cross Timbers Royalty Trust Price Performance

NYSE CRT opened at $7.13 on Wednesday. The firm’s fifty day moving average price is $8.01 and its 200 day moving average price is $9.23. The company has a market capitalization of $42.76 million, a price-to-earnings ratio of 7.75 and a beta of 0.09. Cross Timbers Royalty Trust has a 12 month low of $7.07 and a 12 month high of $13.31.

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

Cross Timbers Royalty Trust Increases Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Monday, November 17th. Shareholders of record on Friday, October 31st will be given a dividend of $0.0752 per share. This represents a c) annualized dividend and a yield of 12.7%. 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. Cross Timbers Royalty Trust’s payout ratio is 41.30%.

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 investment analyst has rated the stock with a Sell rating, According to MarketBeat, Cross Timbers Royalty Trust presently has an average rating of “Sell”.

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.