Cross Timbers Royalty Trust (NYSE:CRT) Short Interest Down 37.6% in August

Cross Timbers Royalty Trust (NYSE:CRT) was the recipient of a large drop in short interest in August. As of August 31st, there was short interest totaling 9,976 shares, a drop of 37.6% from the August 15th total of 15,994 shares. Currently, 0.2% of the company’s shares are short sold. Based on an average daily volume of 20,472 shares, the days-to-cover ratio is currently 0.5 days.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “hold (c-)” rating on shares of Cross Timbers Royalty Trust in a report on Monday. One analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Hold”.

Cross Timbers Royalty Trust Stock Up 1.2%

Shares of NYSE:CRT traded up $0.16 on Thursday, reaching $12.76. The company had a trading volume of 55,933 shares, compared to its average volume of 30,020. The stock has a 50-day moving average price of $10.39 and a 200 day moving average price of $10.22. Cross Timbers Royalty Trust has a twelve month low of $7.07 and a twelve month high of $13.15. The stock has a market capitalization of $76.54 million, a P/E ratio of 24.07 and a beta of -0.04.

Cross Timbers Royalty Trust (NYSE:CRT) last announced its 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 return on equity of 147.68% and a net margin of 74.04%.

Cross Timbers Royalty Trust Increases Dividend

The company also recently announced a monthly dividend, which was paid on Tuesday, September 15th. Investors of record on Monday, August 31st were issued a $0.0679 dividend. This is a boost from Cross Timbers Royalty Trust’s previous monthly dividend of $0.06. The ex-dividend date was Monday, August 31st. This represents a c) annualized dividend and a yield of 6.4%. Cross Timbers Royalty Trust’s payout ratio is 152.83%.

Insider Buying and Selling at Cross Timbers Royalty Trust

In other news, major shareholder Eric L. Oliver purchased 34,596 shares of the business’s stock in a transaction dated Tuesday, June 23rd. The shares were acquired at an average price of $8.68 per share, for a total transaction of $300,293.28. Following the completion of the acquisition, the insider directly owned 917,186 shares of the company’s stock, valued at $7,961,174.48. The trade was a 3.92% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders have purchased 144,251 shares of company stock valued at $1,411,689 over the last quarter. Company insiders own 9.40% of the company’s stock.

Institutional Investors Weigh In On Cross Timbers Royalty Trust

A hedge fund recently bought a new position in Cross Timbers Royalty Trust stock. Welch Group LLC acquired a new position in shares of Cross Timbers Royalty Trust (NYSE:CRT) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 14,852 shares of the oil and gas company’s stock, valued at approximately $157,000. Welch Group LLC owned about 0.25% of Cross Timbers Royalty Trust as of its most recent filing with the Securities and Exchange Commission. Hedge funds and other institutional investors own 9.74% of the company’s stock.

Cross Timbers Royalty Trust Company Profile

Cross Timbers Royalty Trust (NYSE: CRT) is a grantor trust that owns royalty and net profits interests in oil and natural gas properties. The trust does not operate producing wells itself; instead, it receives distributions based on production and proceeds from the underlying properties after applicable expenses and deductions.

The trust’s interests are associated primarily with oil and natural gas properties in Texas and Oklahoma, with historical interests also connected to properties in New Mexico.