Cross Timbers Royalty Trust (NYSE:CRT) Share Price Crosses Below 50 Day Moving Average – Time to Sell?

Shares of Cross Timbers Royalty Trust (NYSE:CRT) passed below its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $8.20 and traded as low as $8.04. Cross Timbers Royalty Trust shares last traded at $8.1270, with a volume of 25,005 shares trading hands.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Cross Timbers Royalty Trust in a report on Wednesday, October 8th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company presently has an average rating of “Sell”.

Cross Timbers Royalty Trust Stock Performance

The firm has a market capitalization of $48.76 million, a PE ratio of 10.84 and a beta of 0.13. The business’s fifty day simple moving average is $8.20 and its 200-day simple moving average is $8.44.

Cross Timbers Royalty Trust (NYSE:CRT) last issued its earnings results on Thursday, November 13th. The oil and gas company reported $0.08 earnings per share for the quarter. Cross Timbers Royalty Trust had a net margin of 79.29% and a return on equity of 191.25%.

Cross Timbers Royalty Trust Increases Dividend

The company also recently disclosed a monthly dividend, which will be paid on Thursday, January 15th. Stockholders of record on Wednesday, December 31st will be given a dividend of $0.1147 per share. The ex-dividend date is Wednesday, December 31st. This is a positive change from Cross Timbers Royalty Trust’s previous monthly dividend of $0.04. This represents a c) dividend on an annualized basis and a dividend yield of 16.9%. Cross Timbers Royalty Trust’s dividend payout ratio (DPR) is 184.00%.

Institutional Investors Weigh In On Cross Timbers Royalty Trust

Hedge funds have recently made changes to their positions in the company. Ritholtz Wealth Management bought a new position in Cross Timbers Royalty Trust during the second quarter valued at approximately $169,000. Scotia Capital Inc. purchased a new stake in shares of Cross Timbers Royalty Trust during the 2nd quarter worth approximately $109,000. Bank of America Corp DE raised its holdings in shares of Cross Timbers Royalty Trust by 81.3% during the 2nd 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. Finally, Susquehanna International Group LLP bought a new position in shares of Cross Timbers Royalty Trust during the 3rd quarter valued at approximately $212,000. 9.74% of the stock is currently owned by hedge funds and other 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.