Mesa Royalty Trust (NYSE:MTR) Short Interest Down 22.3% in June

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

Mesa Royalty Trust Stock Performance

MTR traded up $0.58 during trading hours on Friday, reaching $8.82. The company’s stock had a trading volume of 18,289 shares, compared to its average volume of 9,332. The company’s 50-day moving average is $8.83 and its 200-day moving average is $10.32. Mesa Royalty Trust has a 52 week low of $7.70 and a 52 week high of $25.65. The firm has a market cap of $16.41 million, a PE ratio of 7.36 and a beta of 0.62.

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

Mesa Royalty Trust Cuts Dividend

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, July 31st. Stockholders of record on Friday, June 28th will be issued a dividend of $0.0192 per share. 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 presently 53.72%.

Hedge Funds 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 position in shares of Mesa Royalty Trust (NYSE:MTR) during the 4th quarter, according to the company in its most recent 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 2.26% of Mesa Royalty Trust at the end of the most recent reporting period. Hedge funds and other institutional investors own 12.73% of the company’s stock.

About Mesa Royalty Trust

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.