Cross Timbers Royalty Trust (NYSE:CRT) Shares Bought by Miracle Mile Advisors LLC

Miracle Mile Advisors LLC increased its holdings in Cross Timbers Royalty Trust (NYSE:CRT) by 20.0% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,000 shares of the oil and gas company’s stock after purchasing an additional 3,000 shares during the quarter. Miracle Mile Advisors LLC owned 0.30% of Cross Timbers Royalty Trust worth $237,000 at the end of the most recent quarter.

Separately, Citadel Advisors LLC acquired a new position in Cross Timbers Royalty Trust in the fourth quarter worth approximately $132,000. Institutional investors own 9.74% of the company’s stock.

Cross Timbers Royalty Trust Stock Performance

Shares of NYSE:CRT opened at $9.88 on Thursday. The company has a market capitalization of $59.28 million, a PE ratio of 8.82 and a beta of 0.12. The stock has a fifty day moving average of $10.16 and a 200-day moving average of $10.46. Cross Timbers Royalty Trust has a one year low of $8.88 and a one year high of $13.64.

Cross Timbers Royalty Trust (NYSE:CRT) last announced its earnings results on Wednesday, May 14th. The oil and gas company reported $0.30 earnings per share (EPS) for the quarter. Cross Timbers Royalty Trust had a return on equity of 262.62% and a net margin of 88.08%.

Cross Timbers Royalty Trust Increases Dividend

The business also recently disclosed a may 25 dividend, which will be paid on Friday, June 13th. Shareholders of record on Friday, May 30th will be issued a dividend of $0.0808 per share. This represents a yield of 8.8%. The ex-dividend date of this dividend is Friday, May 30th. This is an increase from Cross Timbers Royalty Trust’s previous may 25 dividend of $0.03. Cross Timbers Royalty Trust’s payout ratio is presently 97.98%.

Cross Timbers Royalty Trust 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.