Cross Timbers Royalty Trust (NYSE:CRT) Short Interest Update

Cross Timbers Royalty Trust (NYSE:CRTGet Free Report) was the target of a significant growth in short interest in the month of January. As of January 31st, there was short interest totalling 12,000 shares, a growth of 192.7% from the January 15th total of 4,100 shares. Based on an average daily trading volume, of 30,100 shares, the short-interest ratio is presently 0.4 days. Currently, 0.2% of the shares of the company are sold short.

Institutional Investors Weigh In On Cross Timbers Royalty Trust

Hedge funds have recently modified their holdings of the company. Bank of America Corp DE raised its position in Cross Timbers Royalty Trust by 54.9% during the first quarter. Bank of America Corp DE now owns 6,374 shares of the oil and gas company’s stock worth $83,000 after acquiring an additional 2,260 shares during the period. US Bancorp DE lifted its stake in Cross Timbers Royalty Trust by 26.3% in the 2nd quarter. US Bancorp DE now owns 4,800 shares of the oil and gas company’s stock valued at $106,000 after buying an additional 1,000 shares in the last quarter. UBS Group AG lifted its stake in Cross Timbers Royalty Trust by 9.3% in the 1st quarter. UBS Group AG now owns 13,425 shares of the oil and gas company’s stock valued at $176,000 after buying an additional 1,138 shares in the last quarter. LPL Financial LLC boosted its holdings in Cross Timbers Royalty Trust by 20.9% in the 2nd quarter. LPL Financial LLC now owns 13,010 shares of the oil and gas company’s stock worth $197,000 after buying an additional 2,251 shares during the last quarter. Finally, Citadel Advisors LLC purchased a new stake in Cross Timbers Royalty Trust during the 3rd quarter worth approximately $216,000.

Cross Timbers Royalty Trust Stock Down 0.7 %

Shares of CRT opened at $16.87 on Tuesday. Cross Timbers Royalty Trust has a fifty-two week low of $13.51 and a fifty-two week high of $30.40. The business’s 50-day moving average is $17.92 and its two-hundred day moving average is $19.11.

Cross Timbers Royalty Trust (NYSE:CRTGet Free Report) last released its quarterly earnings data on Monday, November 13th. The oil and gas company reported $0.41 EPS for the quarter. Cross Timbers Royalty Trust had a return on equity of 431.53% and a net margin of 75.62%. The business had revenue of $2.69 million for the quarter.

Cross Timbers Royalty Trust Increases Dividend

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, February 14th. Shareholders of record on Wednesday, January 31st will be issued a $0.1153 dividend. This is a boost from Cross Timbers Royalty Trust’s previous monthly dividend of $0.10. The ex-dividend date is Tuesday, January 30th. This represents a $1.38 dividend on an annualized basis and a yield of 8.20%.

About Cross Timbers Royalty Trust

(Get Free Report)

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.

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