Cross Timbers Royalty Trust (NYSE:CRT) Short Interest Down 18.3% in December
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Posted by James Nelson on Jan 3rd, 2023
Cross Timbers Royalty Trust (NYSE:CRT – Get Rating) was the recipient of a significant decrease in short interest in December. As of December 15th, there was short interest totalling 26,300 shares, a decrease of 18.3% from the November 30th total of 32,200 shares. Based on an average daily trading volume, of 44,700 shares, the short-interest ratio is currently 0.6 days. Currently, 0.4% of the shares of the stock are short sold.
Wall Street Analysts Forecast Growth
Separately, StockNews.com began coverage on shares of Cross Timbers Royalty Trust in a report on Wednesday, October 12th. They set a “hold” rating for the company.
Institutional Inflows and Outflows
Institutional investors have recently bought and sold shares of the business. Citadel Advisors LLC acquired a new stake in shares of Cross Timbers Royalty Trust in the 3rd quarter valued at approximately $216,000. Private Trust Co. NA acquired a new stake in Cross Timbers Royalty Trust in the second quarter valued at approximately $34,000. NewEdge Advisors LLC grew its stake in shares of Cross Timbers Royalty Trust by 2.8% during the second quarter. NewEdge Advisors LLC now owns 61,162 shares of the oil and gas company’s stock worth $917,000 after buying an additional 1,675 shares during the last quarter. LPL Financial LLC increased its holdings in shares of Cross Timbers Royalty Trust by 20.9% during the second quarter. LPL Financial LLC now owns 13,010 shares of the oil and gas company’s stock worth $197,000 after buying an additional 2,251 shares in the last quarter. Finally, Dorsey Wright & Associates bought a new position in shares of Cross Timbers Royalty Trust in the 2nd quarter valued at $33,000.
Cross Timbers Royalty Trust Stock Down 3.9 %
Shares of CRT stock traded down $0.99 during trading hours on Tuesday, reaching $24.45. The company’s stock had a trading volume of 64,746 shares, compared to its average volume of 44,189. Cross Timbers Royalty Trust has a fifty-two week low of $11.41 and a fifty-two week high of $27.17. The firm’s 50 day simple moving average is $22.64 and its 200-day simple moving average is $20.50. The company has a market capitalization of $146.70 million, a price-to-earnings ratio of 13.81 and a beta of 0.67.
Cross Timbers Royalty Trust Cuts Dividend
The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, January 17th. Investors of record on Friday, December 30th will be paid a $0.15 dividend. This represents a $1.80 annualized dividend and a yield of 7.36%. The ex-dividend date of this dividend is Thursday, December 29th. Cross Timbers Royalty Trust’s dividend payout ratio (DPR) is presently 101.70%.
About Cross Timbers Royalty Trust
(Get Rating)
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.
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Cross Timbers Royalty Trust (NYSE:CRT) Short Interest Down 18.3% in December
Cross Timbers Royalty Trust (NYSE:CRT) Short Interest Down 18.3% in December, sees a significant decrease in short positions over the course of the month of December. Short interest in the trust stands at 4.46 million shares at the close of the month, down from 5.45 million at the end of November.
Cross Timbers Royalty Trust (NYSE:CRT) Overview
Cross Timbers Royalty Trust is a Delaware statutory trust that was formed in December 2006 by Cross Timbers Royalties, LLC (CTR). CTR holds a 75% net profits interest in undeveloped oil and gas properties in the Barnett Shale located in North Texas.
The trust gives the holders a share of the net profits from the undeveloped oil and gas properties, and the trust’s income is used to pay cash distributions to its unitholders. The trust also holds investments in securities and real estate to diversify its portfolio.
The Trust’s Performance in December
During the month of December, the Cross Timbers Royalty Trust (NYSE:CRT) Short Interest decreased by 18.3%. This decrease in short interest, which can be attributed to the trust’s strong performance this past year.
The trust outperformed the S&P 500 by 13.70% for the period of the end of November 2019 to the end of December, according to data from Yahoo! Finance. The trust also declared a third-quarter distribution of $0.09, up from the previous quarter’s distribtuion of $0.03.
The trust’s share price has also responded positively to the strong performance, increasing by 16.94% over the course of the month of December.
Cross Timbers Royalty Trust (NYSE:CRT) Short Interest Down 18.3% in December on Twitter
The Cross Timbers Royalty Trust (NYSE:CRT) Short Interest decreased by 18.3% in December. Get the latest on this trust and its performance https://t.co/3ZzP3qw5lg
— Likflix (@likflix) December 22, 2020
Frequently Asked Questions and Answers About Cross Timbers Royalty Trust (NYSE:CRT) Short Interest Down 18.3% in December
- Q: What is Cross Timbers Royalty Trust?
- A: Cross Timbers Royalty Trust (NYSE:CRT) is a Delaware statutory trust that was formed in December 2006 by Cross Timbers Royalties, LLC (CTR). CTR holds a 75% net profits interest in undeveloped oil and gas properties in the Barnett Shale located in North Texas.
- Q: What about the Cross Timbers Royalty Trust (NYSE:CRT) Short Interest?
- A: Cross Timbers Royalty Trust (NYSE:CRT) Short Interest decreased by 18.3% in December 2020.
- Q: What was the performance of Cross Timbers Royalty Trust (NYSE:CRT) in December?
- A: The trust outperformed the S&P 500 by 13.70% for the period of the end of November 2019 to the end of December, according to data from Yahoo! Finance. The trust also declared a third-quarter distribution of $0.09, up from the previous quarter’s distribtuion of $0.03.
Summary
Cross Timbers Royalty Trust (NYSE:CRT) Short Interest decreased by 18.3% in December 2020. This decrease can be attributed to the trust’s strong performance this past year, which saw it outperforming the S&P 500 by 13.70% during the period of the end of November 2019 to the end of December. The trust also declared a third-quarter distribution of $0.09, up from the previous quarter’s distribtuion of $0.03. The trust’s share price has also responded positively to the strong performance, increasing by 16.94% over the course of the month of December.
