Wells Fargo & Company MN Buys 928 Shares of Cross Timbers Royalty Trust (CRT)
Wells Fargo & Company MN grew its stake in Cross Timbers Royalty Trust (NYSE:CRT) by 3.1% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 30,556 shares of the oil and gas company’s stock after acquiring an additional 928 shares during the quarter. Wells Fargo & Company MN owned about 0.51% of Cross Timbers Royalty Trust worth $468,000 as of its most recent SEC filing.
Separately, Lucas Capital Management increased its stake in shares of Cross Timbers Royalty Trust by 1.2% in the 2nd quarter. Lucas Capital Management now owns 140,482 shares of the oil and gas company’s stock worth $2,152,000 after acquiring an additional 1,632 shares during the last quarter. Institutional investors own 9.16% of the company’s stock.
Shares of Cross Timbers Royalty Trust (NYSE CRT) opened at $15.15 on Tuesday. The stock has a market capitalization of $90.48, a price-to-earnings ratio of 14.78 and a beta of 0.61. Cross Timbers Royalty Trust has a 52 week low of $14.10 and a 52 week high of $19.80.
The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, November 14th. Investors of record on Tuesday, October 31st will be given a dividend of $0.099 per share. This represents a $1.19 dividend on an annualized basis and a dividend yield of 7.84%. This is an increase from Cross Timbers Royalty Trust’s previous monthly dividend of $0.08. The ex-dividend date of this dividend is Monday, October 30th. Cross Timbers Royalty Trust’s dividend payout ratio (DPR) is presently 116.67%.
Separately, Desjardins reaffirmed a “hold” rating on shares of Cross Timbers Royalty Trust in a research note on Thursday, August 3rd.
Cross Timbers Royalty Trust Company Profile
Cross Timbers Royalty Trust is an express trust. The net profits interests are the principal asset of the Trust. The net profits interests consist of approximately 90% net profits interests, which are carved from producing royalty and overriding royalty interest properties in Texas, Oklahoma and New Mexico, and 11.11% nonparticipating royalty interests in non-producing properties located primarily in Texas and Oklahoma.
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