Cross Timbers Royalty Trust (NYSE:CRT) and Texas Pacific Land Trust (NYSE:TPL) are both oils/energy companies, but which is the superior business? We will contrast the two businesses based on the strength of their risk, valuation, institutional ownership, analyst recommendations, profitability, dividends and earnings.
Cross Timbers Royalty Trust pays an annual dividend of $1.50 per share and has a dividend yield of 10.1%. Texas Pacific Land Trust pays an annual dividend of $1.05 per share and has a dividend yield of 0.2%. Texas Pacific Land Trust has increased its dividend for 6 consecutive years.
This table compares Cross Timbers Royalty Trust and Texas Pacific Land Trust’s net margins, return on equity and return on assets.
|Net Margins||Return on Equity||Return on Assets|
|Cross Timbers Royalty Trust||92.01%||79.60%||68.12%|
|Texas Pacific Land Trust||102.48%||141.91%||104.96%|
Insider & Institutional Ownership
10.4% of Cross Timbers Royalty Trust shares are owned by institutional investors. Comparatively, 39.8% of Texas Pacific Land Trust shares are owned by institutional investors. 9.4% of Cross Timbers Royalty Trust shares are owned by insiders. Comparatively, 0.9% of Texas Pacific Land Trust shares are owned by insiders. Strong institutional ownership is an indication that endowments, hedge funds and large money managers believe a company is poised for long-term growth.
Earnings & Valuation
This table compares Cross Timbers Royalty Trust and Texas Pacific Land Trust’s top-line revenue, earnings per share and valuation.
|Gross Revenue||Price/Sales Ratio||Net Income||Earnings Per Share||Price/Earnings Ratio|
|Cross Timbers Royalty Trust||$6.63 million||13.41||$7.39 million||N/A||N/A|
|Texas Pacific Land Trust||$132.41 million||41.13||$76.36 million||N/A||N/A|
Texas Pacific Land Trust has higher revenue and earnings than Cross Timbers Royalty Trust.
Volatility & Risk
Cross Timbers Royalty Trust has a beta of 0.56, suggesting that its share price is 44% less volatile than the S&P 500. Comparatively, Texas Pacific Land Trust has a beta of 1.27, suggesting that its share price is 27% more volatile than the S&P 500.
This is a summary of current ratings and recommmendations for Cross Timbers Royalty Trust and Texas Pacific Land Trust, as provided by MarketBeat.com.
|Sell Ratings||Hold Ratings||Buy Ratings||Strong Buy Ratings||Rating Score|
|Cross Timbers Royalty Trust||0||0||0||0||N/A|
|Texas Pacific Land Trust||0||0||0||0||N/A|
Texas Pacific Land Trust beats Cross Timbers Royalty Trust on 10 of the 12 factors compared between the two stocks.
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. The company was founded in 1991 and is based in Fort Worth, Texas.
About Texas Pacific Land Trust
Texas Pacific Land Trust holds title to tracts of land in the state of Texas. The company operates through two segments, Land and Resource Management, and Water Service and Operations. It sells, leases, and manages these lands for the benefit of the holders of Certificates of Proprietary Interest in the Trust. The company has oil, gas, and water royalties interests; enters into easement contracts covering activities, such as oil and gas pipelines and subsurface wellbore easements; sells water and land; and leases land. As of December 31, 2017, it owned the surface estate in 887,698 acres of land comprising various separate tracts located in 18 counties in the western part of Texas; and grazing leases covering approximately 862,800 acres of the Trust's land. The company also owns a 1/128 nonparticipating perpetual oil and gas royalty interest under 85,414 acres of land, as well as a 1/16 nonparticipating perpetual oil and gas royalty interest under 373,777 acres of land in the western part of Texas. Texas Pacific Land Trust was founded in 1888 and is headquartered in Dallas, Texas.
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