Eric Oliver Buys 18,902 Shares of Cross Timbers Royalty Trust (NYSE:CRT) Stock

Cross Timbers Royalty Trust (NYSE:CRT) major shareholder Eric Oliver purchased 18,902 shares of the firm’s stock in a transaction that occurred on Wednesday, May 20th. The shares were acquired at an average cost of $10.87 per share, with a total value of $205,464.74. Following the completion of the transaction, the insider directly owned 818,549 shares of the company’s stock, valued at $8,897,627.63. The trade was a 2.36% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Major shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.

Cross Timbers Royalty Trust Stock Down 1.2%

Cross Timbers Royalty Trust stock traded down $0.13 during mid-day trading on Friday, reaching $10.63. 6,985 shares of the company’s stock were exchanged, compared to its average volume of 35,667. The business’s fifty day simple moving average is $10.46 and its 200 day simple moving average is $9.17. Cross Timbers Royalty Trust has a one year low of $7.07 and a one year high of $11.10. The firm has a market capitalization of $63.78 million, a PE ratio of 19.69 and a beta of -0.02.

Cross Timbers Royalty Trust (NYSE:CRT) last announced its quarterly earnings data on Thursday, May 14th. The oil and gas company reported $0.08 earnings per share (EPS) for the quarter. Cross Timbers Royalty Trust had a return on equity of 145.81% and a net margin of 71.40%.The firm had revenue of $0.77 million during the quarter.

Cross Timbers Royalty Trust Cuts Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, June 12th. Investors of record on Friday, May 29th will be issued a dividend of $0.0296 per share. This represents a c) dividend on an annualized basis and a yield of 3.3%. The ex-dividend date is Friday, May 29th. Cross Timbers Royalty Trust’s dividend payout ratio (DPR) is 64.81%.

Wall Street Analysts Forecast Growth

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

Institutional Trading of Cross Timbers Royalty Trust

A number of large investors have recently bought and sold shares of the company. Bank of America Corp DE lifted its position 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 valued at $36,000 after buying an additional 1,612 shares during the last quarter. O Shaughnessy Asset Management LLC increased its holdings in Cross Timbers Royalty Trust by 23.3% in 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. Ritholtz Wealth Management bought a new stake in Cross Timbers Royalty Trust in the 1st quarter valued at about $112,000. Welch Group LLC purchased a new stake in Cross Timbers Royalty Trust during the first quarter valued at about $157,000. Finally, Susquehanna International Group LLP purchased a new stake in Cross Timbers Royalty Trust during the third quarter valued at about $212,000. 9.74% of the stock is 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.