Insider Trading April 7, 2026

SoftVest LP Increases Holdings in Cross Timbers Royalty Trust with $6,140 of Purchases

Minor insider buys come as CRT trades near a one-year high and InvestingPro flags the trust as overvalued

By Maya Rios CRT
SoftVest LP Increases Holdings in Cross Timbers Royalty Trust with $6,140 of Purchases
CRT

SoftVest, LP, a holder of approximately 10% of Cross Timbers Royalty Trust (NYSE: CRT), executed two small purchases totaling $6,140 in early April, bringing its direct position to 711,325 units. The purchases were made at prices modestly below the trust's current market quote of $10.80, where the stock sits near its 52-week peak. An InvestingPro valuation assessment cited in the filing indicates the trust appears overvalued on a P/E basis of 14.52.

Key Points

  • SoftVest, LP executed two purchases on April 2 and April 6, 2026, totaling $6,140 for 581 units of Cross Timbers Royalty Trust.
  • Following the transactions, SoftVest, LP directly holds 711,325 units of CRT; the trust's shares were quoted at $10.80 and near a 52-week high of $11.46.
  • An InvestingPro assessment referenced in the filing indicates CRT appears overvalued relative to its Fair Value, with a reported P/E ratio of 14.52.

SoftVest, LP - already identified in regulatory filings as a roughly ten percent owner of Cross Timbers Royalty Trust (NYSE: CRT) - has modestly added to its stake through two transactions disclosed on a Form 4. The combined cost of the buys was $6,140, and they were executed in early April.

The filings specify that on April 2, 2026, SoftVest, LP purchased 399 units of beneficial interest at $10.60 per unit. Four days later, on April 6, the entity acquired an additional 182 units at $10.50 per unit. Taken together, those purchases sum to $6,140 and increase SoftVest, LP's reported direct holdings in the trust to 711,325 units.

Market context included in the filing notes that CRT shares were trading at $10.80 at the time the report was prepared, a level close to the security's 52-week high of $11.46. The filing also references recent price performance: CRT has risen roughly 46% over the prior six months.

Valuation detail in the disclosure points to an InvestingPro analysis that characterizes the trust as appearing overvalued when compared with its Fair Value. The filing cites a price-to-earnings ratio of 14.52 for CRT.

Ownership structure related to the transactions is described in the Form 4. SoftVest GP I, LLC serves as the general partner of SoftVest, LP, and Eric L. Oliver is identified as the managing member of SoftVest GP I, LLC. The filing states that both the general partner and Mr. Oliver may be deemed to beneficially own the securities held by SoftVest, LP. It also records Mr. Oliver's disclaimer of beneficial ownership except to the extent of his pecuniary interest.


Because the filing provides specific transaction dates, quantities, prices, current holdings, market price and a referenced valuation view, the record offers a concise snapshot of the insider activity and how it sits alongside market pricing and an external valuation assessment.

Risks

  • Valuation risk: InvestingPro's analysis cited in the filing characterizes the trust as appearing overvalued based on a P/E of 14.52 - this affects investors assessing entry points in the equity markets.
  • Market price proximity to highs: CRT was trading close to its 52-week high ($11.46) and has climbed about 46% over six months, which may reflect increased price volatility in the equities market.
  • Concentration/ownership complexity: SoftVest GP I, LLC and Eric L. Oliver are indicated as potentially beneficial owners of the securities held by SoftVest, LP; the filing includes a disclaimer about material beneficial ownership, which investors may need to interpret when considering governance or control implications in the trust and the broader energy/royalty sector.

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