Ladenburg Thalmann Financial Services Inc. reduced its holdings in Cross Timbers Royalty Trust (NYSE:CRT) by 5.5% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 22,070 shares of the oil and gas company’s stock after selling 1,279 shares during the period. Ladenburg Thalmann Financial Services Inc. owned approximately 0.37% of Cross Timbers Royalty Trust worth $279,000 as of its most recent SEC filing.
Separately, Wells Fargo & Company MN raised its holdings in shares of Cross Timbers Royalty Trust by 12.7% during the second quarter. Wells Fargo & Company MN now owns 19,077 shares of the oil and gas company’s stock worth $241,000 after acquiring an additional 2,146 shares during the period. 8.52% of the stock is currently owned by institutional investors and hedge funds.
Shares of CRT traded up $0.13 during midday trading on Friday, reaching $8.38. The stock had a trading volume of 18,023 shares, compared to its average volume of 20,498. The firm has a market cap of $50.16 million, a PE ratio of 7.21 and a beta of 0.89. The firm has a 50 day simple moving average of $8.59 and a 200-day simple moving average of $10.65. Cross Timbers Royalty Trust has a one year low of $7.75 and a one year high of $15.24.
Cross Timbers Royalty Trust (NYSE:CRT) last announced its earnings results on Wednesday, August 7th. The oil and gas company reported $0.29 EPS for the quarter. Cross Timbers Royalty Trust had a net margin of 92.72% and a return on equity of 84.28%. The business had revenue of $1.86 million during the quarter.
The firm also recently disclosed a monthly dividend, which will be paid on Friday, November 15th. Shareholders of record on Thursday, October 31st will be paid a $0.076 dividend. This is a boost from Cross Timbers Royalty Trust’s previous monthly dividend of $0.05. The ex-dividend date is Wednesday, October 30th. This represents a $0.91 annualized dividend and a yield of 10.88%.
Cross Timbers Royalty Trust Profile
Cross Timbers Royalty Trust is an express trust, which operates as a trustee of Southwest Bank. It is created to collect and distribute monthly net profits income to unitholders. It has interest in certain royalty and overriding royalty interest properties in Texas, Oklahoma and New Mexico. The firm also has interest in certain working interest properties in Texas and Oklahoma.
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