Cross Timbers Royalty Trust (NYSE:CRT) Shares Pass Above Fifty Day Moving Average – Should You Sell?

Shares of Cross Timbers Royalty Trust (NYSE:CRT) crossed above its 50-day moving average during trading on Wednesday . The stock has a 50-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 Price Performance

The company’s fifty day moving average price is $10.13 and its 200-day moving average price is $10.14. The stock has a market cap of $61.56 million, a price-to-earnings ratio of 9.16 and a beta of 0.56.

Cross Timbers Royalty Trust Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were issued a $0.0623 dividend. The ex-dividend date was Tuesday, December 31st. This represents a $0.75 dividend on an annualized basis and a dividend yield of 7.28%. Cross Timbers Royalty Trust’s dividend payout ratio is currently 66.07%.

Institutional Investors Weigh In On Cross Timbers Royalty Trust

A hedge fund recently bought a new stake in Cross Timbers Royalty Trust stock. Miracle Mile Advisors LLC purchased a new position in shares of Cross Timbers Royalty Trust (NYSE:CRT) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 15,000 shares of the oil and gas company’s stock, valued at approximately $148,000. Miracle Mile Advisors LLC owned 0.25% of Cross Timbers Royalty Trust as of its most recent filing with the Securities and Exchange Commission. 9.74% of the stock is currently owned by institutional investors and hedge funds.

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.