Cross Timbers Royalty Trust (NYSE:CRT) Stock: Insider Eric Oliver Purchases 1,318 Shares

Cross Timbers Royalty Trust (NYSE:CRT) major shareholder Eric Oliver acquired 1,318 shares of the business’s stock in a transaction that occurred on Wednesday, October 7th. The stock was purchased at an average cost of $11.49 per share, with a total value of $15,143.82. Following the acquisition, the insider directly owned 1,007,191 shares of the company’s stock, valued at $11,572,624.59. This trade represents a 0.13% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Major shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Cross Timbers Royalty Trust Stock Up 0.1%

NYSE:CRT traded up $0.01 on Friday, hitting $11.95. The stock had a trading volume of 7,474 shares, compared to its average volume of 29,435. The business’s 50-day simple moving average is $11.15 and its two-hundred day simple moving average is $10.51. The stock has a market cap of $71.68 million, a price-to-earnings ratio of 22.54 and a beta of 0.01. Cross Timbers Royalty Trust has a 52-week low of $7.07 and a 52-week high of $13.15.

Cross Timbers Royalty Trust (NYSE:CRT) last released its quarterly earnings results on Thursday, August 13th. The oil and gas company reported $0.14 EPS for the quarter. Cross Timbers Royalty Trust had a net margin of 74.04% and a return on equity of 147.68%.

Cross Timbers Royalty Trust Cuts Dividend

The firm also recently announced a monthly dividend, which will be paid on Thursday, October 15th. Investors of record on Wednesday, September 30th will be given a dividend of $0.0643 per share. This represents a $0.77 annualized dividend and a yield of 6.5%. This is a negative change from Cross Timbers Royalty Trust’s previous monthly dividend of $0.0679. The ex-dividend date is Wednesday, September 30th. Cross Timbers Royalty Trust’s dividend payout ratio (DPR) is presently 145.28%.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “hold (c-)” rating on shares of Cross Timbers Royalty Trust in a research report on Monday, September 14th. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat, Cross Timbers Royalty Trust has an average rating of “Hold”.

Institutional Trading of Cross Timbers Royalty Trust

An institutional investor recently bought a new stake in Cross Timbers Royalty Trust stock. Ritholtz Wealth Management purchased a new position in Cross Timbers Royalty Trust (NYSE:CRT) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 10,558 shares of the oil and gas company’s stock, valued at approximately $112,000. Ritholtz Wealth Management owned approximately 0.18% of Cross Timbers Royalty Trust as of its most recent SEC filing. Institutional investors and hedge funds own 9.74% of the company’s stock.

Cross Timbers Royalty Trust Company Profile

Cross Timbers Royalty Trust (NYSE:CRT) is a grantor trust that owns royalty and net profits interests in certain oil and natural gas properties. The trust does not operate wells or provide exploration, drilling, or production services directly. Instead, it receives distributions based on production and sales from the underlying properties, after applicable production expenses and other deductions.

The trust’s interests are associated primarily with oil and natural gas properties in Texas and Oklahoma.