Mesa Royalty Trust (NYSE:MTR) Stock Price Passes Below 50 Day Moving Average of $10.33

Posted by ABMN Staff on Apr 30th, 2024

Shares of Mesa Royalty Trust (NYSE:MTR – Get Free Report) passed below its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $10.33 and traded as low as $9.08. Mesa Royalty Trust shares last traded at $9.11, with a volume of 11,965 shares.

Mesa Royalty Trust Stock Performance

The firm has a market capitalization of $16.98 million, a PE ratio of 5.95 and a beta of 0.71. The company’s fifty day moving average price is $10.33 and its two-hundred day moving average price is $12.25.

Mesa Royalty Trust (NYSE:MTR – Get Free Report) last announced its quarterly earnings data on Monday, April 1st. The energy company reported $0.13 earnings per share for the quarter. The business had revenue of $0.30 million for the quarter. Mesa Royalty Trust had a net margin of 87.08% and a return on equity of 97.86%.

Mesa Royalty Trust Cuts Dividend

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, July 31st. Stockholders of record on Tuesday, April 30th will be issued a dividend of $0.0192 per share. The ex-dividend date is Monday, April 29th. This represents a $0.23 annualized dividend and a dividend yield of 2.53%. Mesa Royalty Trust’s payout ratio is currently 15.03%.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Mesa Royalty Trust stock. Significant Wealth Partners LLC purchased a new stake in Mesa Royalty Trust (NYSE:MTR – Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 42,099 shares of the energy company’s stock, valued at approximately $549,000. Significant Wealth Partners LLC owned 2.26% of Mesa Royalty Trust as of its most recent filing with the Securities & Exchange Commission. Institutional investors and hedge funds own 12.73% of the company’s stock.

Mesa Royalty Trust Company Profile

(Get Free Report)

Mesa Royalty Trust owns net overriding royalty interests in various oil and gas producing properties in the United States. The company has interests in properties located in the Hugoton field of Kansas; and the San Juan Basin of Northwestern New Mexico and Southwestern Colorado. Mesa Royalty Trust was founded in 1979 and is based in Houston, Texas.