Reserve Petroleum (OTCMKTS:RSRV) Shares Down 2.4%

The Reserve Petroleum Company (OTCMKTS:RSRV) shares traded down 2.4% during mid-day trading on Wednesday . The stock traded as low as $155.00 and last traded at $165.00. 121 shares traded hands during mid-day trading, a decline of 39% from the average session volume of 199 shares. The stock had previously closed at $169.00.

Reserve Petroleum Price Performance

The company has a 50-day simple moving average of $168.80 and a 200-day simple moving average of $173.94.

Reserve Petroleum (OTCMKTS:RSRV) last issued its quarterly earnings data on Wednesday, May 15th. The company reported $4.75 earnings per share (EPS) for the quarter. The business had revenue of $3.63 million during the quarter.

Reserve Petroleum Dividend Announcement

The company also recently announced an annual dividend, which was paid on Tuesday, June 18th. Stockholders of record on Wednesday, June 5th were paid a $10.00 dividend. The ex-dividend date was Wednesday, June 5th. This represents a dividend yield of 5.41%.

About Reserve Petroleum

The Reserve Petroleum Company, an independent oil and gas company, engages in oil and natural gas exploration, development, and minerals management with areas of concentration in Arkansas, Kansas, Oklahoma, South Dakota, Texas, and Wyoming. It owns producing properties and non-producing mineral interests in the north and south-central United States.