PNC Financial Services Group Inc. Grows Holdings in Cross Timbers Royalty Trust $CRT

PNC Financial Services Group Inc. grew its holdings in shares of Cross Timbers Royalty Trust (NYSE:CRT) by 2,500.0% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 10,400 shares of the oil and gas company’s stock after acquiring an additional 10,000 shares during the period. PNC Financial Services Group Inc.’s holdings in Cross Timbers Royalty Trust were worth $137,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Citadel Advisors LLC purchased a new position in shares of Cross Timbers Royalty Trust during the 4th quarter valued at approximately $132,000. Beacon Pointe Advisors LLC purchased a new position in shares of Cross Timbers Royalty Trust during the 4th quarter valued at approximately $618,000. Finally, Miracle Mile Advisors LLC boosted its stake in shares of Cross Timbers Royalty Trust by 20.0% during the 1st quarter. Miracle Mile Advisors LLC now owns 18,000 shares of the oil and gas company’s stock valued at $237,000 after buying an additional 3,000 shares during the last quarter. 9.74% of the stock is currently owned by hedge funds and other institutional investors.

Cross Timbers Royalty Trust Trading Down 0.2%

Cross Timbers Royalty Trust stock opened at $8.6950 on Wednesday. The stock has a 50 day moving average of $9.47 and a 200-day moving average of $10.20. Cross Timbers Royalty Trust has a 52 week low of $8.46 and a 52 week high of $13.31. The stock has a market cap of $52.17 million, a P/E ratio of 9.45 and a beta of 0.17.

Cross Timbers Royalty Trust (NYSE:CRT) last announced its quarterly earnings data on Wednesday, August 13th. The oil and gas company reported $0.15 earnings per share (EPS) for the quarter. Cross Timbers Royalty Trust had a return on equity of 231.09% and a net margin of 84.24%.The firm had revenue of $1.31 million for the quarter.

Cross Timbers Royalty Trust Dividend Announcement

The company also recently disclosed a aug 25 dividend, which will be paid on Monday, September 15th. Investors of record on Friday, August 29th will be paid a dividend of $0.0134 per share. Cross Timbers Royalty Trust’s dividend payout ratio (DPR) is presently 39.13%.

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.