Key Points
- Eric Oliver, a major shareholder, bought 21,678 shares of Cross Timbers Royalty Trust on April 14 at an average price of $10.42 per share (≈$225,885), increasing his stake to 754,465 shares (a 2.96% boost) valued at about $7.86 million.
- Cross Timbers reported quarterly EPS of $0.23 on $1.64 million revenue, with a net margin of 77.77% and ROE of 198.98%; the stock has a market cap of $63.29 million, a P/E of 13.88, and a 52-week range of $7.07–$11.10.
- The trust recently paid a minuscule monthly dividend of $0.0009 per share (annualized yield ≈0.1%) with a payout ratio of 78.95%, and Weiss Ratings upgraded the stock from "sell (d+)" to "hold (c-)."
Cross Timbers Royalty Trust (NYSE:CRT - Get Free Report) major shareholder Eric Oliver acquired 3,747 shares of Cross Timbers Royalty Trust stock in a transaction on Wednesday, April 15th. The shares were bought at an average price of $10.48 per share, with a total value of $39,268.56. Following the purchase, the insider directly owned 758,212 shares in the company, valued at approximately $7,946,061.76. The trade was a 0.50% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. Major shareholders that own at least 10% of a company's shares are required to disclose their transactions with the SEC.
Cross Timbers Royalty Trust Stock Down 0.1%
Shares of CRT stock opened at $10.55 on Friday. Cross Timbers Royalty Trust has a 52-week low of $7.07 and a 52-week high of $11.10. The stock has a market cap of $63.29 million, a PE ratio of 13.88 and a beta of 0.03. The business has a 50-day simple moving average of $9.64 and a 200-day simple moving average of $8.63.
Cross Timbers Royalty Trust (NYSE:CRT - Get Free Report) last announced its quarterly earnings results on Friday, March 27th. The oil and gas company reported $0.23 earnings per share for the quarter. Cross Timbers Royalty Trust had a return on equity of 198.98% and a net margin of 77.77%.The company had revenue of $1.64 million during the quarter.
Cross Timbers Royalty Trust Cuts Dividend
The company also recently announced a monthly dividend, which was paid on Tuesday, April 14th. Stockholders of record on Tuesday, March 31st were issued a dividend of $0.0009 per share. This represents a c) annualized dividend and a dividend yield of 0.1%. The ex-dividend date of this dividend was Tuesday, March 31st. Cross Timbers Royalty Trust's payout ratio is 78.95%.
Wall Street Analysts Forecast Growth
Separately, Weiss Ratings raised shares of Cross Timbers Royalty Trust from a "sell (d+)" rating to a "hold (c-)" rating in a report on Monday. One investment analyst has rated the stock with a Hold rating, According to MarketBeat, Cross Timbers Royalty Trust presently has a consensus rating of "Hold".
Read Our Latest Report on CRT
Institutional Inflows and Outflows
Several large investors have recently made changes to their positions in the business. Bank of America Corp DE grew its stake in 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 valued at $36,000 after acquiring an additional 1,612 shares during the period. O Shaughnessy Asset Management LLC increased its holdings in 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 acquiring an additional 2,651 shares in the last quarter. Finally, Susquehanna International Group LLP acquired a new position in Cross Timbers Royalty Trust during the third quarter worth $212,000. 9.74% of the stock is owned by institutional investors and hedge funds.
Cross Timbers Royalty Trust Company Profile
(
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.
See Also
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
