Cross Timbers Royalty Trust (NYSE:CRT) Stock Passes Above Fifty Day Moving Average – Time to Sell?

Posted by Karen Miller on Feb 15th, 2025

Cross Timbers Royalty Trust (NYSE:CRT – Get Free Report) shares passed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $10.21 and traded as high as $10.58. Cross Timbers Royalty Trust shares last traded at $10.58, with a volume of 30,924 shares.

Cross Timbers Royalty Trust Stock Performance

The firm has a market capitalization of $64.50 million, a price-to-earnings ratio of 9.60 and a beta of 0.56. The business has a 50 day simple moving average of $10.23 and a 200-day simple moving average of $10.24.

Cross Timbers Royalty Trust Cuts Dividend

The business also recently announced a monthly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, January 31st were paid a $0.095 dividend. This represents a $1.14 dividend on an annualized basis and a dividend yield of 10.61%. The ex-dividend date of this dividend was Friday, January 31st. Cross Timbers Royalty Trust’s dividend payout ratio (DPR) is presently 101.79%.

Institutional Trading of Cross Timbers Royalty Trust

An institutional investor recently bought a new position in Cross Timbers Royalty Trust stock. Beacon Pointe Advisors LLC bought a new position in Cross Timbers Royalty Trust (NYSE:CRT – Free Report) in the fourth quarter, according to its most recent disclosure with the SEC. The firm bought 62,800 shares of the oil and gas company’s stock, valued at approximately $618,000. Beacon Pointe Advisors LLC owned about 1.05% 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

(Get Free Report)

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.