Mesa Royalty Trust (NYSE:MTR) Shares Pass 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 Friday . The stock has a 50 day moving average of $6.05 and traded as high as $6.36. Mesa Royalty Trust shares last traded at $5.94, with a volume of 16,876 shares.

Mesa Royalty Trust Price Performance

The firm has a 50-day moving average of $6.05 and a 200 day moving average of $7.66.

Mesa Royalty Trust (NYSE:MTR) last issued its quarterly earnings data on Wednesday, August 14th. The energy company reported $0.12 earnings per share for the quarter. The business had revenue of $0.31 million for the quarter. Mesa Royalty Trust had a net margin of 76.94% and a return on equity of 28.92%.

Mesa Royalty Trust Increases Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, January 31st. Stockholders of record on Thursday, October 31st will be paid a $0.0057 dividend. This is a positive change from Mesa Royalty Trust’s previous monthly dividend of $0.00. This represents a $0.07 dividend on an annualized basis and a dividend yield of 1.15%. The ex-dividend date is Thursday, October 31st. Mesa Royalty Trust’s dividend payout ratio is currently 14.89%.

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.