Mesa Royalty Trust (NYSE:MTR – Get Free Report) saw a significant decrease in short interest during the month of May. As of May 15th, there was short interest totaling 1,405 shares, a decrease of 58.4% from the April 30th total of 3,381 shares. Based on an average trading volume of 7,932 shares, the short-interest ratio is presently 0.2 days. Currently, 0.1% of the company’s stock are sold short.
Wall Street Analyst Weigh In
Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Mesa Royalty Trust in a report on Friday, March 27th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company has an average rating of “Sell”.
View Our Latest Stock Analysis on Mesa Royalty Trust
Mesa Royalty Trust Stock Up 0.8%
Mesa Royalty Trust (NYSE:MTR – Get Free Report) last announced its quarterly earnings data on Monday, March 30th. The energy company reported $0.04 EPS for the quarter. Mesa Royalty Trust had a net margin of 65.19% and a return on equity of 11.24%. The company had revenue of $0.14 million for the quarter.
Mesa Royalty Trust Announces Dividend
The company also recently disclosed a monthly dividend, which will be paid on Friday, July 31st. Shareholders of record on Friday, May 29th will be given a $0.0403 dividend. The ex-dividend date of this dividend is Friday, May 29th. This represents a c) dividend on an annualized basis and a dividend yield of 12.7%. Mesa Royalty Trust’s dividend payout ratio is currently 145.00%.
About Mesa Royalty Trust
Mesa Royalty Trust (NYSE: MTR) is a statutory trust that holds overriding royalty interests in oil and natural gas properties primarily located in the Permian Basin of Texas and New Mexico. Established in 1981 by Mesa Production Oil & Gas, Inc, the trust’s portfolio comprises interests in thousands of producing wells across key producing areas, including the Midland, Delaware and Central Basin platforms. These interests provide the trust with net revenue rights to a portion of the hydrocarbons produced from the underlying formations.
The trust’s core business activity is the collection and distribution of royalty income derived from the sale of crude oil, natural gas and natural gas liquids (NGLs).
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