Cross Timbers Royalty Trust (NYSE:CRT) Share Price Crosses Above Fifty Day Moving Average – What’s Next?

Cross Timbers Royalty Trust (NYSE:CRT)’s stock price crossed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $10.19 and traded as high as $10.75. Cross Timbers Royalty Trust shares last traded at $10.56, with a volume of 25,199 shares traded.

Cross Timbers Royalty Trust Stock Performance

The firm has a market capitalization of $62.22 million, a PE ratio of 8.10 and a beta of 0.52. The business’s fifty day simple moving average is $10.19 and its 200-day simple moving average is $11.34.

Cross Timbers Royalty Trust (NYSE:CRT) last released its quarterly earnings data on Tuesday, August 13th. The oil and gas company reported $0.22 earnings per share (EPS) for the quarter. The business had revenue of $1.58 million for the quarter. Cross Timbers Royalty Trust had a return on equity of 291.46% and a net margin of 88.84%.

Cross Timbers Royalty Trust Cuts Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, November 15th. Shareholders of record on Thursday, October 31st will be given a dividend of $0.0646 per share. This represents a $0.78 dividend on an annualized basis and a yield of 7.48%. The ex-dividend date of this dividend is Thursday, October 31st. Cross Timbers Royalty Trust’s dividend payout ratio (DPR) is 60.16%.

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.