Cross Timbers Royalty Trust (CRT) Getting Somewhat Favorable News Coverage, Report Shows

News stories about Cross Timbers Royalty Trust (NYSE:CRT) have trended somewhat positive recently, Accern Sentiment reports. The research group rates the sentiment of news coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Cross Timbers Royalty Trust earned a coverage optimism score of 0.11 on Accern’s scale. Accern also gave news articles about the oil and gas company an impact score of 46.3464193026692 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.

Shares of Cross Timbers Royalty Trust traded down $0.06, hitting $15.17, on Friday, MarketBeat Ratings reports. 19,796 shares of the stock were exchanged, compared to its average volume of 13,276. The stock has a market capitalization of $91.38 million, a P/E ratio of 13.72 and a beta of 0.49. Cross Timbers Royalty Trust has a fifty-two week low of $12.99 and a fifty-two week high of $15.72.

Cross Timbers Royalty Trust (NYSE:CRT) last posted its quarterly earnings data on Thursday, May 10th. The oil and gas company reported $0.34 earnings per share for the quarter. The company had revenue of $2.28 million during the quarter. Cross Timbers Royalty Trust had a return on equity of 85.03% and a net margin of 75.41%.

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, August 14th. Stockholders of record on Tuesday, July 31st will be given a dividend of $0.1251 per share. This is a boost from Cross Timbers Royalty Trust’s previous monthly dividend of $0.12. This represents a $1.50 annualized dividend and a dividend yield of 9.89%. The ex-dividend date is Monday, July 30th.

Separately, TheStreet raised Cross Timbers Royalty Trust from a “c+” rating to a “b-” rating in a research report on Friday, July 20th.

About Cross Timbers Royalty Trust

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 interests in certain working interest properties in Texas and Oklahoma.

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