Key Points
- Insider buying: Major shareholder Eric Oliver purchased 3,159 shares on March 26 at an average price of $9.91 (≈$31,306), boosting his holdings to 629,384 shares (a 0.5% increase).
- Latest quarter: CRT reported $0.23 EPS on $1.64M revenue with an unusually high net margin (~79%) and ROE (~191%), and shares recently broke above the 50‑day moving average, trading up about 5.1%.
- Dividend update: The trust declared a monthly dividend of $0.0009 per share (annualized yield ≈0.1%) with a payout ratio of ~78.95%, reflecting a very small distribution to holders.
Cross Timbers Royalty Trust (NYSE:CRT - Get Free Report) major shareholder Eric Oliver purchased 3,159 shares of the firm's stock in a transaction dated Thursday, March 26th. The shares were bought at an average price of $9.91 per share, for a total transaction of $31,305.69. Following the completion of the transaction, the insider owned 629,384 shares of the company's stock, valued at approximately $6,237,195.44. This trade represents a 0.50% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Large shareholders that own 10% or more of a company's shares are required to disclose their sales and purchases with the SEC.
Cross Timbers Royalty Trust Trading Up 5.1%
Shares of Cross Timbers Royalty Trust stock opened at $10.50 on Friday. The company's 50-day moving average price is $9.07 and its 200-day moving average price is $8.35. Cross Timbers Royalty Trust has a 12-month low of $7.07 and a 12-month high of $13.31. The company has a market cap of $62.97 million, a price-to-earnings ratio of 13.81 and a beta of 0.10.
Cross Timbers Royalty Trust (NYSE:CRT - Get Free Report) last issued its quarterly earnings data on Friday, March 27th. The oil and gas company reported $0.23 EPS for the quarter. The company had revenue of $1.64 million during the quarter. Cross Timbers Royalty Trust had a net margin of 79.29% and a return on equity of 191.25%.
Cross Timbers Royalty Trust Cuts Dividend
The company also recently declared a monthly dividend, which will be paid on Tuesday, April 14th. Stockholders of record on Tuesday, March 31st will be given a dividend of $0.0009 per share. This represents a c) dividend on an annualized basis and a dividend yield of 0.1%. The ex-dividend date is Tuesday, March 31st. Cross Timbers Royalty Trust's payout ratio is 78.95%.
More Cross Timbers Royalty Trust News
Here are the key news stories impacting Cross Timbers Royalty Trust this week:
- Positive Sentiment: Major insider buying — Eric L. Oliver increased his stake with two recent purchases (26,134 shares at ~$9.69 on Mar 25 and 3,159 shares at ~$9.91 on Mar 26). The filings show his holdings now exceed ~629K shares; insider accumulation by a >10% holder generally signals confidence in future cash flow. SEC Filing Eric Oliver Acquires 26,134 Shares
- Positive Sentiment: Quarterly results showed earnings per share of $0.23 on revenue of $1.64M, with a very high net margin (~79%) and an elevated return on equity (~191%), underscoring the trust’s cash-generating/royalty structure and supporting distributions. Coverage and snapshots of Q4 earnings reinforced the upbeat view. Q4 Earnings Snapshot
- Positive Sentiment: Technical breakout — shares moved above the 50‑day moving average, which can attract momentum and technical traders and help sustain the rally. 50-Day Moving Average Article
- Neutral Sentiment: Market context — CRT’s profile: modest market cap (~$63M), P/E ~14, low beta (~0.10), 50‑day / 200‑day MAs near $9.07 / $8.35, and recent volume above average. These metrics frame risk/reward but do not change fundamentals immediately.
Wall Street Analysts Forecast Growth
Separately, Weiss Ratings reiterated a "sell (d)" rating on shares of Cross Timbers Royalty Trust in a research report on Wednesday, January 21st. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock presently has a consensus rating of "Sell".
Get Our Latest Stock Report on CRT
Institutional Inflows and Outflows
Several institutional investors have recently modified their holdings of CRT. Susquehanna International Group LLP purchased a new stake in Cross Timbers Royalty Trust in the third quarter valued at approximately $212,000. O Shaughnessy Asset Management LLC increased its holdings in shares of Cross Timbers Royalty Trust by 23.3% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 14,030 shares of the oil and gas company's stock worth $112,000 after buying an additional 2,651 shares during the last quarter. Bank of America Corp DE increased its holdings in shares of Cross Timbers Royalty Trust by 81.3% in the 2nd quarter. Bank of America Corp DE now owns 3,596 shares of the oil and gas company's stock worth $36,000 after buying an additional 1,612 shares during the last quarter. Finally, Scotia Capital Inc. purchased a new stake in shares of Cross Timbers Royalty Trust during the 2nd quarter valued at $109,000. 9.74% of the stock is currently owned by institutional investors.
Cross Timbers Royalty Trust Company Profile
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Get Free Report)
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.
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