Cross Timbers Royalty Trust (NYSE:CRT) Shares Sold by Mraz Amerine & Associates Inc.

Mraz Amerine & Associates Inc. trimmed its holdings in shares of Cross Timbers Royalty Trust (NYSE:CRT) by 11.8% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 40,481 shares of the oil and gas company’s stock after selling 5,395 shares during the period. Mraz Amerine & Associates Inc. owned 0.67% of Cross Timbers Royalty Trust worth $398,000 as of its most recent SEC filing.

Separately, Miracle Mile Advisors LLC bought a new stake in shares of Cross Timbers Royalty Trust during the 4th quarter valued at about $148,000. 9.74% of the stock is currently owned by hedge funds and other institutional investors.

Cross Timbers Royalty Trust Stock Up 1.6 %

Shares of NYSE CRT opened at $10.75 on Tuesday. The firm’s 50-day moving average price is $10.25 and its two-hundred day moving average price is $10.24. Cross Timbers Royalty Trust has a 52-week low of $8.88 and a 52-week high of $17.72. The stock has a market capitalization of $64.50 million, a P/E ratio of 9.60 and a beta of 0.56.

Cross Timbers Royalty Trust Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Friday, February 14th. Investors of record on Friday, January 31st were issued a $0.095 dividend. This represents a $1.14 annualized dividend and a dividend yield of 10.61%. The ex-dividend date of this dividend was Friday, January 31st. Cross Timbers Royalty Trust’s dividend payout ratio (DPR) is 101.79%.

Cross Timbers Royalty Trust Company Profile

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.