TheStreet upgraded shares of Cross Timbers Royalty Trust (NYSE:CRT) from a c rating to a b- rating in a research note published on Monday morning, TheStreetRatingsTable reports.

Shares of CRT stock opened at $9.21 on Monday. The firm has a market cap of $55.26 million, a P/E ratio of 11.51 and a beta of 0.88. Cross Timbers Royalty Trust has a 12-month low of $5.12 and a 12-month high of $10.57. The company has a 50 day moving average of $9.07 and a 200-day moving average of $8.10.

The firm also recently declared a monthly dividend, which was paid on Wednesday, April 14th. Stockholders of record on Wednesday, March 31st were given a dividend of $0.0542 per share. The ex-dividend date was Tuesday, March 30th. This represents a $0.65 dividend on an annualized basis and a dividend yield of 7.07%.

An institutional investor recently bought a new position in Cross Timbers Royalty Trust stock. Carroll Financial Associates Inc. purchased a new position in Cross Timbers Royalty Trust (NYSE:CRT) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 6,290 shares of the oil and gas company’s stock, valued at approximately $53,000. Carroll Financial Associates Inc. owned about 0.10% of Cross Timbers Royalty Trust at the end of the most recent reporting period. 12.38% of the stock is currently owned by institutional investors.

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.

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