Cross Timbers Royalty Trust (CRT) To Go Ex-Dividend on June 30th

Cross Timbers Royalty Trust (NYSE:CRT) declared a monthly dividend on Thursday, June 18th. Shareholders of record on Tuesday, June 30th will be paid a dividend of 0.0442 per share by the oil and gas company on Wednesday, July 15th. This represents a c) annualized dividend and a yield of 5.9%. The ex-dividend date is Tuesday, June 30th. This is a 49.2% increase from Cross Timbers Royalty Trust’s previous monthly dividend of $0.03.

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 Up 0.6%

Shares of Cross Timbers Royalty Trust stock opened at $8.94 on Friday. The firm has a market cap of $53.64 million, a price-to-earnings ratio of 16.56 and a beta of -0.04. Cross Timbers Royalty Trust has a 52-week low of $7.07 and a 52-week high of $11.10. The company’s 50-day simple moving average is $10.38 and its 200-day simple moving average is $9.45.

Cross Timbers Royalty Trust (NYSE:CRT) last announced its quarterly earnings data on Thursday, May 14th. The oil and gas company reported $0.08 earnings per share for the quarter. The company had revenue of $0.77 million for the quarter. Cross Timbers Royalty Trust had a return on equity of 145.81% and a net margin of 71.40%.

Insider Activity at Cross Timbers Royalty Trust

In other Cross Timbers Royalty Trust news, major shareholder Eric L. Oliver bought 3,727 shares of the company’s stock in a transaction that occurred on Thursday, June 25th. The stock was purchased at an average cost of $8.88 per share, for a total transaction of $33,095.76. Following the completion of the purchase, the insider owned 924,960 shares of the company’s stock, valued at $8,213,644.80. This trade represents a 0.40% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders acquired a total of 207,422 shares of company stock valued at $2,073,930 over the last ninety days. 9.40% of the stock is owned by insiders.

Institutional Trading of Cross Timbers Royalty Trust

Hedge funds have recently added to or reduced their stakes in the business. Bank of America Corp DE increased its stake in shares of Cross Timbers Royalty Trust by 81.2% during the 2nd quarter. Bank of America Corp DE now owns 3,596 shares of the oil and gas company’s stock valued at $36,000 after acquiring an additional 1,612 shares during the last quarter. Susquehanna International Group LLP acquired a new stake in shares of Cross Timbers Royalty Trust in the third quarter worth approximately $212,000. O Shaughnessy Asset Management LLC grew its holdings in Cross Timbers Royalty Trust by 23.3% in the fourth 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 period. Ritholtz Wealth Management acquired a new position in Cross Timbers Royalty Trust during the first quarter worth approximately $112,000. Finally, Welch Group LLC acquired a new position in Cross Timbers Royalty Trust during the first quarter worth approximately $157,000. 9.74% of the stock is owned by institutional investors and hedge funds.

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.