Cross Timbers Royalty Trust (NYSE:CRT) Shares Pass Below 200-Day Moving Average of $17.42

Cross Timbers Royalty Trust (NYSE:CRT) passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $17.42 and traded as low as $12.81. Cross Timbers Royalty Trust shares last traded at $12.94, with a volume of 37,383 shares trading hands.

Cross Timbers Royalty Trust Stock Up 0.1 %

The stock has a market capitalization of $79.02 million, a P/E ratio of 6.82 and a beta of 0.59. The stock’s 50 day moving average price is $15.43 and its 200-day moving average price is $17.34.

Cross Timbers Royalty Trust Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Friday, April 12th. Shareholders of record on Thursday, March 28th were paid a $0.019 dividend. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $0.23 annualized dividend and a yield of 1.73%. Cross Timbers Royalty Trust’s dividend payout ratio (DPR) is 11.92%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. UBS Group AG raised its holdings in shares of Cross Timbers Royalty Trust by 4.4% during the first quarter. UBS Group AG now owns 12,037 shares of the oil and gas company’s stock worth $225,000 after purchasing an additional 505 shares during the last quarter. Waddell & Associates LLC increased its holdings in Cross Timbers Royalty Trust by 10.3% in the fourth quarter. Waddell & Associates LLC now owns 14,370 shares of the oil and gas company’s stock valued at $251,000 after buying an additional 1,344 shares in the last quarter. LPL Financial LLC increased its holdings in Cross Timbers Royalty Trust by 20.9% in the second quarter. LPL Financial LLC now owns 13,010 shares of the oil and gas company’s stock valued at $197,000 after buying an additional 2,251 shares in the last quarter. Bank of America Corp DE increased its holdings in Cross Timbers Royalty Trust by 54.9% in the first quarter. Bank of America Corp DE now owns 6,374 shares of the oil and gas company’s stock valued at $83,000 after buying an additional 2,260 shares in the last quarter. Finally, Citadel Advisors LLC purchased a new position in Cross Timbers Royalty Trust in the third quarter valued at $216,000. Hedge funds and other institutional investors own 9.74% of the company’s stock.

About Cross Timbers Royalty Trust

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.