Short Interest in Mesa Royalty Trust (NYSE:MTR) Declines By 22.3%

Mesa Royalty Trust (NYSE:MTR) was the recipient of a significant decline in short interest during the month of June. As of June 15th, there was short interest totalling 10,100 shares, a decline of 22.3% from the May 31st total of 13,000 shares. Currently, 0.5% of the company’s stock are sold short. Based on an average daily trading volume, of 11,700 shares, the days-to-cover ratio is currently 0.9 days.

Institutional Inflows and Outflows

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

Mesa Royalty Trust Stock Performance

Shares of NYSE MTR traded up $0.58 during trading on Friday, reaching $8.82. The stock had a trading volume of 18,289 shares, compared to its average volume of 9,332. The stock has a market cap of $16.41 million, a PE ratio of 7.36 and a beta of 0.62. Mesa Royalty Trust has a one year low of $7.70 and a one year high of $25.65. The firm’s 50 day moving average price is $8.83 and its two-hundred day moving average price is $10.32.

Mesa Royalty Trust (NYSE:MTR) last released its earnings results on Monday, April 1st. The energy company reported $0.13 earnings per share for the quarter. Mesa Royalty Trust had a net margin of 86.07% and a return on equity of 75.36%. The firm had revenue of $0.30 million during the quarter.

Mesa Royalty Trust Cuts Dividend

The business also recently declared a monthly dividend, which will be paid on Wednesday, July 31st. Stockholders of record on Friday, June 28th will be paid a $0.0192 dividend. This represents a $0.23 dividend on an annualized basis and a dividend yield of 2.61%. The ex-dividend date of this dividend is Friday, June 28th. Mesa Royalty Trust’s dividend payout ratio is currently 53.72%.

Mesa Royalty Trust Company Profile

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.