Mesa Royalty Trust (NYSE:MTR) Short Interest Down 66.5% in March

Mesa Royalty Trust (NYSE:MTR) was the recipient of a large decline in short interest in the month of March. As of March 31st, there was short interest totalling 5,700 shares, a decline of 66.5% from the March 15th total of 17,000 shares. Currently, 0.4% of the company’s shares are sold short. Based on an average daily volume of 6,800 shares, the short-interest ratio is currently 0.8 days.

Institutional Trading of Mesa Royalty Trust

An institutional investor recently bought a new position in Mesa Royalty Trust stock. Welch Group LLC bought a new stake in shares of Mesa Royalty Trust (NYSE:MTR) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 16,370 shares of the energy company’s stock, valued at approximately $98,000. Welch Group LLC owned approximately 0.88% of Mesa Royalty Trust at the end of the most recent reporting period. 12.73% of the stock is owned by institutional investors and hedge funds.

Mesa Royalty Trust Stock Performance

NYSE:MTR opened at $4.94 on Tuesday. Mesa Royalty Trust has a 52 week low of $4.84 and a 52 week high of $11.99. The firm’s fifty day moving average is $6.09 and its 200-day moving average is $6.30. The firm has a market cap of $9.21 million, a P/E ratio of 10.51 and a beta of 0.48.

Mesa Royalty Trust Cuts Dividend

The company also recently declared a monthly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Monday, March 31st will be given a dividend of $0.0005 per share. The ex-dividend date is Monday, March 31st. This represents a $0.01 dividend on an annualized basis and a yield of 0.12%. Mesa Royalty Trust’s dividend payout ratio (DPR) is currently 76.60%.

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.