U.S. Trust, Bank of America Private Wealth Management, a division of Bank of America, N.A., as Trustee of the Hugoton Royalty Trust (NYSE – HGT) announced receipt of the final arbitration ruling in the Trust’s arbitration proceeding against XTO Energy, Inc. As previously reported, the arbitration involved the Trustee’s disagreement with XTO Energy that all or any portion of the $37 million settlement reached by XTO Energy on the Fankhouser v. XTO Energy, Inc. litigation should be deducted from Trust revenues. XTO Energy had notified the trustee that it charged the Trust $28.5 million of the settlement, $4,386,396 of which was deducted from Trust proceeds in September and October 2012. Hugoton Royalty Trust (NYSE:HGT) shares after opening at $10.34 moved to$10.68 on last trade day and at the end of the day closed at $10.66. Company price to sales ratio in past twelve months was calculated as 11.43 and price to cash ratio as 118.44. Hugoton Royalty Trust (NYSE:HGT) showed a positive weekly performance of 11.97%.
Cross Timbers Royalty’s (CRT) ratings are looking better this week, moving up to an A from last week’s B. Cross Timbers Royalty is an express trust in the United States. The stock has a dividend yield of 2.5%. Cross Timbers Royalty Trust (NYSE:CRT) shares advanced 1.82% in last trading session and ended the day on $32.39. CRT return on equity ratio is recorded as 138.00% and its return on assets is 126.00%. Cross Timbers Royalty Trust (NYSE:CRT) yearly performance is 21.90%.
Vermilion Energy Inc. (NYSE: VET) has completed the acquisition of Elkhorn Resources Inc. for total consideration of approximately $427 million. Total consideration comprised the assumption of an estimated $42 million of debt, $180 million of cash, and the issuance of 2.8 million common shares of Vermilion valued at approximately $205 million (based on the closing price per Vermilion common share of $72.50 on the Toronto Stock Exchange. Vermilion Energy Inc (NYSE:VET) shares moved up 0.30% in last trading session and was closed at $66.30, while trading in range of $ 65.75 – 66.80. Vermilion Energy Inc (NYSE:VET). Vermilion Energy Inc (NYSE:VET) year to date (YTD) performance is 14.59%.
Steven Webster, a director at shallow-water drilling and marine services provider Hercules Offshore (NASDAQ:HERO), bought 25,000 shares of company stock for $108,678. Hercules Offshore, Inc. (NASDAQ:HERO) weekly performance is 2.22%. On last trading day company shares ended up $4.61. Hercules Offshore, Inc. (NASDAQ:HERO) distance from 50-day simple moving average (SMA50) is 1.03%. Analysts mean target price for the company is $6.41.
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