Press coverage about Cross Timbers Royalty Trust (NYSE:CRT) has trended positive on Saturday, according to Accern Sentiment. The research group rates the sentiment of news coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Cross Timbers Royalty Trust earned a news sentiment score of 0.27 on Accern’s scale. Accern also gave press coverage about the oil and gas company an impact score of 48.3636033917407 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
Shares of Cross Timbers Royalty Trust (CRT) traded up $0.78 during mid-day trading on Friday, hitting $15.18. The stock had a trading volume of 20,908 shares, compared to its average volume of 18,867. The firm has a market capitalization of $86.40, a price-to-earnings ratio of 14.46 and a beta of 0.48. Cross Timbers Royalty Trust has a fifty-two week low of $14.09 and a fifty-two week high of $16.60.
The company also recently disclosed a monthly dividend, which was paid on Wednesday, March 14th. Stockholders of record on Wednesday, February 28th were issued a $0.142 dividend. The ex-dividend date of this dividend was Tuesday, February 27th. This is a positive change from Cross Timbers Royalty Trust’s previous monthly dividend of $0.11. This represents a $1.70 dividend on an annualized basis and a dividend yield of 11.23%. Cross Timbers Royalty Trust’s dividend payout ratio is currently 161.91%.
Cross Timbers Royalty Trust Company Profile
Cross Timbers Royalty Trust is an express trust. The net profits interests are the principal asset of the Trust. The net profits interests consist of approximately 90% net profits interests, which are carved from producing royalty and overriding royalty interest properties in Texas, Oklahoma and New Mexico, and 11.11% nonparticipating royalty interests in non-producing properties located primarily in Texas and Oklahoma.
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