Cross Timbers Royalty Trust (NYSE:CRT) Stock Price Passes Above 50 Day Moving Average – Should You Sell?

Cross Timbers Royalty Trust (NYSE:CRT)’s share price passed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $8.28 and traded as high as $8.35. Cross Timbers Royalty Trust shares last traded at $8.19, with a volume of 32,527 shares changing hands.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of Cross Timbers Royalty Trust in a research note on Wednesday, October 8th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Sell”.

Cross Timbers Royalty Trust Stock Up 0.2%

The stock has a market capitalization of $49.14 million, a P/E ratio of 10.92 and a beta of 0.13. The company has a 50-day moving average price of $8.28 and a two-hundred day moving average price of $8.39.

Cross Timbers Royalty Trust (NYSE:CRT) last issued its quarterly earnings data on Thursday, November 13th. The oil and gas company reported $0.08 EPS for the quarter. Cross Timbers Royalty Trust had a net margin of 79.29% and a return on equity of 191.25%.

Cross Timbers Royalty Trust Increases Dividend

The company also recently declared a monthly dividend, which will be paid on Thursday, January 15th. Stockholders of record on Wednesday, December 31st will be issued a $0.1147 dividend. The ex-dividend date of this dividend is Wednesday, December 31st. This is an increase from Cross Timbers Royalty Trust’s previous monthly dividend of $0.04. This represents a c) annualized dividend and a dividend yield of 16.8%. Cross Timbers Royalty Trust’s payout ratio is currently 184.00%.

Hedge Funds Weigh In On Cross Timbers Royalty Trust

Several hedge funds and other institutional investors have recently added to or reduced their stakes in CRT. Ritholtz Wealth Management bought a new stake in shares of Cross Timbers Royalty Trust during the 2nd quarter valued at about $169,000. Scotia Capital Inc. purchased a new stake in Cross Timbers Royalty Trust in the second quarter valued at approximately $109,000. Bank of America Corp DE lifted its position in Cross Timbers Royalty Trust by 81.3% during the second quarter. Bank of America Corp DE now owns 3,596 shares of the oil and gas company’s stock valued at $36,000 after purchasing an additional 1,612 shares during the last quarter. Finally, Susquehanna International Group LLP purchased a new position in Cross Timbers Royalty Trust in the 3rd quarter worth approximately $212,000. 9.74% of the stock is currently 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.