Cross Timbers Royalty Trust (NYSE:CRT) Stock Passes Above Fifty Day Moving Average – Time to Sell?

Cross Timbers Royalty Trust (NYSE:CRT) 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 trading hands.

Cross Timbers Royalty Trust Price Performance

The stock has a 50 day moving average price of $10.19 and a 200-day moving average price of $11.34. The stock has a market capitalization of $62.22 million, a P/E ratio of 8.10 and a beta of 0.52.

Cross Timbers Royalty Trust (NYSE:CRT) last issued 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 net margin of 88.84% and a return on equity of 291.46%.

Cross Timbers Royalty Trust Cuts Dividend

The firm also recently declared a monthly dividend, which will be paid on Friday, November 15th. Stockholders of record on Thursday, October 31st will be paid a $0.0646 dividend. This represents a $0.78 annualized dividend and a dividend yield of 7.48%. The ex-dividend date of this dividend is Thursday, October 31st. Cross Timbers Royalty Trust’s dividend payout ratio is currently 60.16%.

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.