Cross Timbers Royalty Trust (NYSE:CRT) Major Shareholder Buys $41,852.16 in Stock

Cross Timbers Royalty Trust (NYSE:CRT) major shareholder Eric Oliver acquired 4,032 shares of Cross Timbers Royalty Trust stock in a transaction that occurred on Monday, April 20th. The stock was acquired at an average cost of $10.38 per share, with a total value of $41,852.16. Following the purchase, the insider owned 791,105 shares in the company, valued at $8,211,669.90. The trade was a 0.51% increase in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Large shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.

Cross Timbers Royalty Trust Trading Down 2.1%

CRT stock opened at $10.71 on Friday. Cross Timbers Royalty Trust has a 1 year low of $7.07 and a 1 year high of $11.10. The company has a fifty day simple moving average of $9.85 and a 200 day simple moving average of $8.74. The firm has a market cap of $64.23 million, a PE ratio of 14.09 and a beta of 0.03.

Cross Timbers Royalty Trust (NYSE:CRT) last released its quarterly earnings data on Friday, March 27th. The oil and gas company reported $0.23 earnings per share (EPS) for the quarter. Cross Timbers Royalty Trust had a net margin of 77.77% and a return on equity of 198.98%. The business had revenue of $1.64 million during the quarter.

Cross Timbers Royalty Trust Increases Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Thursday, May 14th. Investors of record on Thursday, April 30th will be paid a $0.0697 dividend. This represents a c) annualized dividend and a dividend yield of 7.8%. The ex-dividend date of this dividend is Thursday, April 30th. This is a boost from Cross Timbers Royalty Trust’s previous monthly dividend of $0.00. Cross Timbers Royalty Trust’s dividend payout ratio (DPR) is presently 78.95%.

Wall Street Analyst Weigh In

Separately, Weiss Ratings raised shares of Cross Timbers Royalty Trust from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Monday, April 13th. One analyst has rated the stock with a Hold rating, According to MarketBeat, Cross Timbers Royalty Trust presently has a consensus rating of “Hold”.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of CRT. Susquehanna International Group LLP acquired a new position in Cross Timbers Royalty Trust during the 3rd quarter worth $212,000. Welch Group LLC acquired a new position in Cross Timbers Royalty Trust during the 1st quarter worth $157,000. Ritholtz Wealth Management acquired a new position in Cross Timbers Royalty Trust during the 1st quarter worth $112,000. O Shaughnessy Asset Management LLC lifted its position in Cross Timbers Royalty Trust by 23.3% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 14,030 shares of the oil and gas company’s stock worth $112,000 after acquiring an additional 2,651 shares during the last quarter. Finally, Bank of America Corp DE lifted its position in 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 during the last quarter. Institutional investors and hedge funds own 9.74% of the company’s stock.

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.