Mesa Royalty Trust (NYSE:MTR) Stock Price Crosses Above 50 Day Moving Average – Time to Sell?

Shares of Mesa Royalty Trust (NYSE:MTR) passed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $5.98 and traded as high as $7.27. Mesa Royalty Trust shares last traded at $6.97, with a volume of 88,337 shares trading hands.

Mesa Royalty Trust Stock Up 0.3 %

The firm has a market cap of $13.50 million, a P/E ratio of 15.45 and a beta of 0.56. The firm’s 50-day moving average price is $6.03 and its 200 day moving average price is $7.32.

Mesa Royalty Trust Increases Dividend

The company also recently declared a monthly dividend, which will be paid on Friday, January 31st. Shareholders of record on Friday, November 29th will be paid a $0.0057 dividend. The ex-dividend date is Friday, November 29th. This represents a $0.07 annualized dividend and a dividend yield of 0.94%. This is a positive change from Mesa Royalty Trust’s previous monthly dividend of $0.00. Mesa Royalty Trust’s dividend payout ratio (DPR) is presently 6.38%.

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.