Mesa Royalty Trust (NYSE:MTR) Sees Large Decline in Short Interest

Mesa Royalty Trust (NYSE:MTR) was the recipient of a large decline in short interest during the month of October. As of October 15th, there was short interest totalling 2,000 shares, a decline of 87.9% from the September 30th total of 16,500 shares. Approximately 0.1% of the company’s shares are short sold. Based on an average daily volume of 10,700 shares, the short-interest ratio is currently 0.2 days.

Mesa Royalty Trust Stock Up 2.3 %

MTR stock traded up $0.14 during midday trading on Friday, reaching $6.10. The company’s stock had a trading volume of 613 shares, compared to its average volume of 11,252. The business’s 50-day simple moving average is $6.13 and its 200-day simple moving average is $7.86. Mesa Royalty Trust has a 52 week low of $5.60 and a 52 week high of $18.92. The stock has a market cap of $11.37 million, a PE ratio of 5.04 and a beta of 0.56.

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

Mesa Royalty Trust Increases Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Friday, January 31st. Investors of record on Thursday, October 31st will be paid a dividend of $0.0057 per share. This represents a $0.07 annualized dividend and a yield of 1.12%. The ex-dividend date is Thursday, October 31st. This is an increase from Mesa Royalty Trust’s previous monthly dividend of $0.00. Mesa Royalty Trust’s dividend payout ratio (DPR) is presently 4.96%.

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.