Mesa Royalty Trust (NYSE:MTR – Get Free Report) crossed 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 trading hands.
Mesa Royalty Trust Stock Down 2.0 %
The business has a 50-day simple moving average of $10.33 and a two-hundred day simple moving average of $12.25. The stock has a market capitalization of $16.98 million, a P/E ratio of 5.95 and a beta of 0.71.
Mesa Royalty Trust (NYSE:MTR – Get Free Report) last announced its quarterly earnings results on Monday, April 1st. The energy company reported $0.13 earnings per share for the quarter. Mesa Royalty Trust had a return on equity of 97.86% and a net margin of 87.08%. The firm had revenue of $0.30 million for the quarter.
Mesa Royalty Trust Cuts Dividend
Institutional Trading of Mesa Royalty Trust
An institutional investor recently bought a new position in Mesa Royalty Trust stock. Significant Wealth Partners LLC bought a new position in shares of 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 institutional investor bought 42,099 shares of the energy company’s stock, valued at approximately $549,000. Significant Wealth Partners LLC owned about 2.26% of Mesa Royalty Trust as of its most recent filing with the Securities & Exchange Commission. 12.73% of the stock is owned by hedge funds and other institutional investors.
Mesa Royalty Trust Company Profile
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.
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