Cross Timbers Royalty Trust (NYSE:CRT) Short Interest Down 59.6% in March

Cross Timbers Royalty Trust (NYSE:CRT) was the recipient of a large decrease in short interest in March. As of March 15th, there was short interest totalling 8,200 shares, a decrease of 59.6% from the February 28th total of 20,300 shares. Approximately 0.1% of the shares of the company are short sold. Based on an average trading volume of 29,500 shares, the short-interest ratio is currently 0.3 days.

Cross Timbers Royalty Trust Price Performance

Shares of CRT traded up $0.57 on Friday, reaching $12.33. 46,264 shares of the stock traded hands, compared to its average volume of 31,990. The firm has a market cap of $73.95 million, a price-to-earnings ratio of 11.00 and a beta of 0.52. Cross Timbers Royalty Trust has a 12 month low of $8.88 and a 12 month high of $14.98. The stock’s 50-day moving average price is $10.88 and its 200-day moving average price is $10.46.

Cross Timbers Royalty Trust (NYSE:CRT) last announced its quarterly earnings results on Thursday, March 27th. The oil and gas company reported $0.22 EPS for the quarter. Cross Timbers Royalty Trust had a net margin of 88.08% and a return on equity of 262.62%. The firm had revenue of $1.48 million during the quarter.

Cross Timbers Royalty Trust Increases Dividend

The business also recently disclosed a monthly dividend, which will be paid on Monday, April 14th. Shareholders of record on Monday, March 31st will be paid a dividend of $0.1567 per share. This is a positive change from Cross Timbers Royalty Trust’s previous monthly dividend of $0.05. This represents a $1.88 annualized dividend and a yield of 15.26%. The ex-dividend date of this dividend is Monday, March 31st. Cross Timbers Royalty Trust’s dividend payout ratio is currently 167.86%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in CRT. Citadel Advisors LLC acquired a new stake in shares of Cross Timbers Royalty Trust during the fourth quarter worth approximately $132,000. Miracle Mile Advisors LLC bought a new stake in Cross Timbers Royalty Trust during the 4th quarter worth approximately $148,000. Finally, Beacon Pointe Advisors LLC acquired a new stake in Cross Timbers Royalty Trust during the 4th quarter valued at $618,000. 9.74% of the stock is owned by institutional investors.

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.