Cross Timbers Royalty Trust (NYSE:CRT) Stock Passes Above Fifty Day Moving Average – Here’s Why

Shares of Cross Timbers Royalty Trust (NYSE:CRT) passed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $10.27 and traded as high as $10.28. Cross Timbers Royalty Trust shares last traded at $9.80, with a volume of 33,999 shares changing hands.

Cross Timbers Royalty Trust Stock Performance

The company has a 50-day moving average of $10.27 and a 200-day moving average of $11.03. The stock has a market cap of $58.80 million, a price-to-earnings ratio of 8.75 and a beta of 0.53.

Cross Timbers Royalty Trust (NYSE:CRT) last announced its quarterly earnings results on Tuesday, August 13th. The oil and gas company reported $0.22 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 259.19% and a net margin of 88.08%.

Cross Timbers Royalty Trust Cuts Dividend

The business also recently announced a monthly dividend, which was paid on Friday, November 15th. Shareholders of record on Thursday, October 31st were issued a dividend of $0.0646 per share. This represents a $0.78 dividend on an annualized basis and a yield of 7.91%. The ex-dividend date was Thursday, October 31st. Cross Timbers Royalty Trust’s dividend payout ratio (DPR) is presently 69.64%.

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.