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

Posted by Lisa Pomrenke on Jan 16th, 2025

Cross Timbers Royalty Trust (NYSE:CRT – Get Free Report)’s stock price passed 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 traded.

Cross Timbers Royalty Trust Price Performance

The stock has a 50 day moving average of $10.13 and a 200 day moving average of $10.14. The firm has a market cap of $61.56 million, a P/E ratio of 9.16 and a beta of 0.56.

Cross Timbers Royalty Trust Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were issued a dividend of $0.0623 per share. The ex-dividend date was Tuesday, December 31st. This represents a $0.75 dividend on an annualized basis and a dividend yield of 7.28%. Cross Timbers Royalty Trust’s dividend payout ratio is 66.07%.

Institutional Trading of Cross Timbers Royalty Trust

A hedge fund recently bought a new stake in Cross Timbers Royalty Trust stock. Miracle Mile Advisors LLC acquired a new position in Cross Timbers Royalty Trust (NYSE:CRT – Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 15,000 shares of the oil and gas company’s stock, valued at approximately $148,000. Miracle Mile Advisors LLC owned about 0.25% of Cross Timbers Royalty Trust as of its most recent filing with the Securities and Exchange Commission. Institutional investors own 9.74% of the company’s stock.

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.