Mesa Royalty Trust (NYSE:MTR) Shares Pass Below Fifty Day Moving Average of $8.67

Mesa Royalty Trust (NYSE:MTRGet Free Report) crossed below its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $8.67 and traded as low as $8.01. Mesa Royalty Trust shares last traded at $8.04, with a volume of 12,177 shares changing hands.

Mesa Royalty Trust Stock Down 5.4 %

The stock’s 50-day moving average price is $8.67 and its 200 day moving average price is $10.05. The firm has a market capitalization of $14.95 million, a price-to-earnings ratio of 6.64 and a beta of 0.63.

Mesa Royalty Trust Cuts Dividend

The firm also recently announced a monthly dividend, which will be paid on Wednesday, July 31st. Stockholders of record on Friday, June 28th will be given a $0.0192 dividend. This represents a $0.23 dividend on an annualized basis and a dividend yield of 2.87%. The ex-dividend date of this dividend is Friday, June 28th. Mesa Royalty Trust’s dividend payout ratio (DPR) is 38.84%.

Institutional Investors Weigh In On Mesa Royalty Trust

An institutional investor recently bought a new position in Mesa Royalty Trust stock. Significant Wealth Partners LLC acquired a new stake in Mesa Royalty Trust (NYSE:MTRFree Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 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 at the end of the most recent quarter. 12.73% of the stock is currently owned by institutional investors and hedge funds.

Mesa Royalty Trust Company Profile

(Get Free Report)

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

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