Cross Timbers Royalty Trust (NYSE:CRT) Stock Price Passes Below 200-Day Moving Average – Should You Sell?

Cross Timbers Royalty Trust (NYSE:CRT) shares passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $10.57 and traded as low as $10.20. Cross Timbers Royalty Trust shares last traded at $10.65, with a volume of 19,724 shares trading hands.

Cross Timbers Royalty Trust Price Performance

The company’s 50-day moving average price is $10.93 and its two-hundred day moving average price is $10.57. The company has a market capitalization of $63.92 million, a P/E ratio of 9.51 and a beta of 0.23.

Cross Timbers Royalty Trust (NYSE:CRT) last released its quarterly earnings results on Thursday, March 27th. The oil and gas company reported $0.22 earnings per share for the quarter. Cross Timbers Royalty Trust had a net margin of 88.08% and a return on equity of 262.62%. The firm had revenue of $1.48 million for the quarter.

Cross Timbers Royalty Trust Increases Dividend

The company also recently declared a monthly dividend, which will be paid on Monday, April 14th. Investors of record on Monday, March 31st will be issued a dividend of $0.1567 per share. This is a boost from Cross Timbers Royalty Trust’s previous monthly dividend of $0.05. This represents a $1.88 annualized dividend and a yield of 17.65%. The ex-dividend date is Monday, March 31st. Cross Timbers Royalty Trust’s dividend payout ratio (DPR) is presently 200.00%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Citadel Advisors LLC bought a new position in shares of Cross Timbers Royalty Trust during the fourth quarter worth approximately $132,000. Miracle Mile Advisors LLC acquired a new stake in Cross Timbers Royalty Trust during the fourth quarter worth approximately $148,000. Finally, Beacon Pointe Advisors LLC bought a new position in Cross Timbers Royalty Trust during the 4th quarter worth $618,000. 9.74% of the stock is owned by institutional investors and hedge funds.

Cross Timbers Royalty Trust Company Profile

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.