Cross Timbers Royalty Trust (NYSE:CRT – Get Free Report)’s share price passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $11.88 and traded as low as $10.18. Cross Timbers Royalty Trust shares last traded at $10.29, with a volume of 33,483 shares trading hands.
Cross Timbers Royalty Trust Stock Down 1.4 %
The stock has a market cap of $61.38 million, a price-to-earnings ratio of 6.52 and a beta of 0.51. The company has a 50 day simple moving average of $9.93 and a 200 day simple moving average of $11.88.
Cross Timbers Royalty Trust (NYSE:CRT – Get Free Report) last posted its earnings results on Tuesday, August 13th. The oil and gas company reported $0.22 earnings per share for the quarter. Cross Timbers Royalty Trust had a net margin of 88.84% and a return on equity of 291.46%. The firm had revenue of $1.58 million for the quarter.
Cross Timbers Royalty Trust Increases Dividend
Institutional Investors Weigh In On Cross Timbers Royalty Trust
A hedge fund recently raised its stake in Cross Timbers Royalty Trust stock. Waddell & Associates LLC increased its holdings in Cross Timbers Royalty Trust (NYSE:CRT – Free Report) by 10.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 14,370 shares of the oil and gas company’s stock after purchasing an additional 1,344 shares during the quarter. Waddell & Associates LLC owned approximately 0.24% of Cross Timbers Royalty Trust worth $251,000 at the end of the most recent reporting period. 9.74% of the stock is owned by institutional investors and hedge funds.
About Cross Timbers Royalty Trust
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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