Cross Timbers Royalty Trust (NYSE:CRT) Stock Crosses Above 50-Day Moving Average – Time to Sell?

Cross Timbers Royalty Trust (NYSE:CRT)’s share price passed above its fifty day moving average during trading on Wednesday . The stock has a fifty 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.

Cross Timbers Royalty Trust Stock Down 0.6 %

The stock has a market cap of $61.62 million, a price-to-earnings ratio of 9.17 and a beta of 0.56. The company’s 50-day simple moving average is $10.14 and its 200-day simple moving average is $10.14.

Cross Timbers Royalty Trust Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were given a $0.0623 dividend. The ex-dividend date was Tuesday, December 31st. This represents a $0.75 annualized dividend and a yield of 7.28%. Cross Timbers Royalty Trust’s dividend payout ratio (DPR) is 66.96%.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Cross Timbers Royalty Trust stock. Miracle Mile Advisors LLC acquired a new position in shares of Cross Timbers Royalty Trust (NYSE:CRT) during the 4th quarter, according to its most recent 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 approximately 0.25% of Cross Timbers Royalty Trust as of its most recent filing with the Securities and Exchange Commission. 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.