Cross Timbers Royalty Trust (CRT) to Distribute Monthly Dividend of $0.07 on September 15th

Cross Timbers Royalty Trust (NYSE:CRT) announced a monthly dividend on Friday, August 21st. Investors of record on Monday, August 31st will be given a dividend of 0.0679 per share by the oil and gas company on Tuesday, September 15th. This represents a c) dividend on an annualized basis and a yield of 7.8%. The ex-dividend date is Monday, August 31st. This is a 10.6% increase from Cross Timbers Royalty Trust’s previous monthly dividend of $0.06.

Cross Timbers Royalty Trust has decreased its dividend by an average of 0.0%per year over the last three years.

Cross Timbers Royalty Trust Trading Down 0.1%

Shares of CRT opened at $10.50 on Friday. The firm’s 50-day moving average is $9.77 and its two-hundred day moving average is $9.98. Cross Timbers Royalty Trust has a twelve month low of $7.07 and a twelve month high of $11.10. The firm has a market capitalization of $63 million, a P/E ratio of 19.81 and a beta of -0.05.

Cross Timbers Royalty Trust (NYSE:CRT) last posted its quarterly earnings results on Thursday, August 13th. The oil and gas company reported $0.14 earnings per share (EPS) for the quarter. Cross Timbers Royalty Trust had a net margin of 74.04% and a return on equity of 147.68%.

Insider Activity at Cross Timbers Royalty Trust

In other Cross Timbers Royalty Trust news, major shareholder Eric L. Oliver acquired 9,609 shares of the stock in a transaction that occurred on Friday, August 14th. The shares were purchased at an average cost of $10.44 per share, with a total value of $100,317.96. Following the purchase, the insider owned 963,738 shares in the company, valued at approximately $10,061,424.72. The trade was a 1.01% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. In the last 90 days, insiders have bought 102,116 shares of company stock valued at $942,567. 9.40% of the stock is owned by insiders.

Hedge Funds Weigh In On Cross Timbers Royalty Trust

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Bank of America Corp DE grew its position in shares of Cross Timbers Royalty Trust by 81.2% in the second quarter. Bank of America Corp DE now owns 3,596 shares of the oil and gas company’s stock valued at $36,000 after purchasing an additional 1,612 shares during the last quarter. O Shaughnessy Asset Management LLC increased its stake in shares of 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 purchasing an additional 2,651 shares in the last quarter. Ritholtz Wealth Management acquired a new position in shares of Cross Timbers Royalty Trust during the 1st quarter worth approximately $112,000. Welch Group LLC acquired a new position in shares of Cross Timbers Royalty Trust during the 1st quarter worth approximately $157,000. Finally, Susquehanna International Group LLP purchased a new stake in Cross Timbers Royalty Trust in the 3rd quarter valued at approximately $212,000. Institutional investors and hedge funds own 9.74% of the company’s stock.

About Cross Timbers Royalty Trust

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.