Eric L. Oliver, recognized as a ten percent owner of Cross Timbers Royalty Trust (NASDAQ:CRT), has orchestrated a substantial acquisition of beneficial interest units through affiliated entities. Alongside SoftVest, LP and its general partner, SoftVest GP I, LLC, the group purchased a total of $481,666 worth of units. These transactions, executed on June 22 and June 23, 2026, involved the acquisition of 55,564 units at prices ranging between $8.65 and $8.68 per unit. The purchases were made while the trust's units were trading near $8.67, a price point that reflects a recent 3% decline over the past week and a 6% drop over the trailing twelve months.
According to analysis provided by InvestingPro, the current market pricing of CRT units appears slightly overvalued when compared to fair value estimates. This valuation context frames the recent insider activity, which was carried out indirectly through SoftVest, LP. SoftVest GP I, LLC functions as the general partner for SoftVest, LP, while Eric L. Oliver serves as the managing member of SoftVest GP I, LLC. Consequently, both the general partner and Mr. Oliver are deemed to beneficially own these securities. However, Mr. Oliver has disclaimed beneficial ownership, except to the extent of his pecuniary interest in the trust.
The acquisition process occurred in two distinct phases. On June 22, SoftVest, LP acquired 20,968 units of beneficial interest at a weighted average price of $8.65 per unit. These specific purchases were executed across multiple transactions, with prices varying from $8.60 to $8.65. Following this initial block of purchases, the indirect holdings held by SoftVest, LP reached a total of 882,590 units.
The following day, June 23, the entity continued its accumulation strategy by purchasing an additional 34,596 units. These subsequent transactions were executed at a weighted average price of $8.68 per unit, with the specific trade prices ranging broadly from $8.49 to $9.00. This second wave of acquisitions increased the total indirect ownership by SoftVest, LP to 917,186 units. The trust, which has maintained a consistent record of dividend payments for 35 consecutive years, currently offers a dividend yield of 6.12%. For subscribers of InvestingPro, additional ProTips regarding CRT are available, offering further insights into valuation multiples and market positioning.