Cross Timbers Royalty Trust (NYSE:CRT) Stock Crosses Above 50-Day Moving Average – Time to Sell?

Cross Timbers Royalty Trust (NYSE:CRT) crossed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $10.13 and traded as high as $10.40. Cross Timbers Royalty Trust shares last traded at $10.26, with a volume of 15,969 shares.

Cross Timbers Royalty Trust Stock Performance

The business’s 50 day simple moving average is $10.14 and its 200-day simple moving average is $10.14. The company has a market cap of $61.62 million, a price-to-earnings ratio of 9.17 and a beta of 0.56.

Cross Timbers Royalty Trust Cuts Dividend

The business also recently announced a monthly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were paid a dividend of $0.0623 per share. This represents a $0.75 dividend on an annualized basis and a dividend yield of 7.28%. The ex-dividend date of this dividend was Tuesday, December 31st. Cross Timbers Royalty Trust’s dividend payout ratio (DPR) is currently 66.96%.

Institutional Investors Weigh In On Cross Timbers Royalty Trust

An institutional investor recently bought a new position in Cross Timbers Royalty Trust stock. Miracle Mile Advisors LLC bought a new stake in shares of Cross Timbers Royalty Trust (NYSE:CRT) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 15,000 shares of the oil and gas company’s stock, valued at approximately $148,000. Miracle Mile Advisors LLC owned 0.25% of Cross Timbers Royalty Trust as of its most recent SEC filing. 9.74% of the stock is currently owned by institutional investors.

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.