Mesa Royalty Trust (MTR) To Go Ex-Dividend on April 29th

Mesa Royalty Trust (NYSE:MTR) announced a monthly dividend on Thursday, April 18th, Wall Street Journal reports. Shareholders of record on Tuesday, April 30th will be given a dividend of 0.0192 per share by the energy company on Wednesday, July 31st. This represents a $0.23 annualized dividend and a yield of 2.06%. The ex-dividend date is Monday, April 29th.

Mesa Royalty Trust has raised its dividend payment by an average of 72.0% annually over the last three years.

Mesa Royalty Trust Trading Down 0.7 %

Shares of Mesa Royalty Trust stock opened at $11.20 on Friday. The stock’s fifty day simple moving average is $10.28 and its 200 day simple moving average is $12.46. The company has a market capitalization of $20.83 million, a PE ratio of 7.32 and a beta of 0.71. Mesa Royalty Trust has a 12 month low of $8.85 and a 12 month high of $29.50.

Institutional Investors Weigh In On Mesa Royalty Trust

Hedge funds have recently modified their holdings of the business. Citadel Advisors LLC bought a new stake in Mesa Royalty Trust during the 2nd quarter worth approximately $513,000. BNP Paribas Arbitrage SA acquired a new position in shares of Mesa Royalty Trust in the first quarter valued at approximately $58,000. UBS Group AG increased its position in shares of Mesa Royalty Trust by 800.0% during the first quarter. UBS Group AG now owns 4,500 shares of the energy company’s stock worth $39,000 after acquiring an additional 4,000 shares in the last quarter. Finally, BNP Paribas Arbitrage SNC raised its holdings in shares of Mesa Royalty Trust by 50.0% during the first quarter. BNP Paribas Arbitrage SNC now owns 2,032 shares of the energy company’s stock worth $33,000 after acquiring an additional 677 shares during the period. Institutional investors and hedge funds own 12.73% of the company’s stock.

Mesa Royalty Trust Company Profile

Mesa Royalty Trust owns net overriding royalty interests in various oil and gas producing properties in the United States. The company has interests in properties located in the Hugoton field of Kansas; and the San Juan Basin of Northwestern New Mexico and Southwestern Colorado. Mesa Royalty Trust was founded in 1979 and is based in Houston, Texas.