Cross Timbers Royalty Trust (NYSE:CRT) Plans $0.03 Monthly Dividend

Cross Timbers Royalty Trust (NYSE:CRT) declared a monthly dividend on Monday, May 18th. Shareholders of record on Friday, May 29th will be given a dividend of 0.0296 per share by the oil and gas company on Friday, June 12th. This represents a c) annualized dividend and a yield of 3.4%. The ex-dividend date is Friday, May 29th.

Cross Timbers Royalty Trust has decreased its dividend payment by an average of 0.0%annually over the last three years.

Cross Timbers Royalty Trust Trading Down 1.5%

CRT traded down $0.16 during midday trading on Monday, hitting $10.60. 29,655 shares of the company traded hands, compared to its average volume of 36,455. The company has a market capitalization of $63.60 million, a price-to-earnings ratio of 19.63 and a beta of -0.02. Cross Timbers Royalty Trust has a 52-week low of $7.07 and a 52-week high of $11.10. The business has a 50 day simple moving average of $10.37 and a two-hundred day simple moving average of $9.08.

Cross Timbers Royalty Trust (NYSE:CRT) last posted its quarterly earnings data on Thursday, May 14th. The oil and gas company reported $0.08 earnings per share (EPS) for the quarter. The business had revenue of $0.77 million for the quarter. Cross Timbers Royalty Trust had a net margin of 71.40% and a return on equity of 145.81%.

Insider Transactions at Cross Timbers Royalty Trust

In related news, major shareholder Eric L. Oliver purchased 8,542 shares of the company’s stock in a transaction on Monday, May 11th. The stock was acquired at an average cost of $10.61 per share, for a total transaction of $90,630.62. Following the completion of the transaction, the insider directly owned 799,647 shares in the company, valued at approximately $8,484,254.67. The trade was a 1.08% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available at this link. Insiders have bought 131,089 shares of company stock worth $1,348,760 in the last ninety days. 9.40% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Cross Timbers Royalty Trust

A number of institutional investors have recently made changes to their positions in the stock. Welch Group LLC acquired a new stake in shares of Cross Timbers Royalty Trust during the first quarter valued at about $157,000. Ritholtz Wealth Management acquired a new stake in shares of Cross Timbers Royalty Trust during the first quarter valued at about $112,000. O Shaughnessy Asset Management LLC increased its position in shares of Cross Timbers Royalty Trust by 23.3% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 14,030 shares of the oil and gas company’s stock valued at $112,000 after acquiring an additional 2,651 shares during the last quarter. Susquehanna International Group LLP acquired a new stake in shares of Cross Timbers Royalty Trust during the third quarter valued at about $212,000. Finally, Bank of America Corp DE increased its position in shares of 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 acquiring an additional 1,612 shares during the last quarter. 9.74% of the stock is currently owned by institutional investors and hedge funds.

About Cross Timbers Royalty Trust

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.