Wells Fargo & Company MN trimmed its holdings in shares of Mesa Royalty Trust (NYSE:MTR) by 10.3% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 64,031 shares of the energy company’s stock after selling 7,334 shares during the period. Wells Fargo & Company MN owned about 3.44% of Mesa Royalty Trust worth $749,000 as of its most recent SEC filing.

Mesa Royalty Trust (MTR) opened at $15.45 on Wednesday. Mesa Royalty Trust has a 12 month low of $8.90 and a 12 month high of $17.30. The firm has a market cap of $28.42, a P/E ratio of 11.55 and a beta of 0.94.

The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, January 31st. Stockholders of record on Tuesday, October 31st will be paid a dividend of $0.0998 per share. The ex-dividend date is Monday, October 30th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 7.75%. Mesa Royalty Trust’s dividend payout ratio (DPR) is 90.91%.

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Mesa Royalty Trust Profile

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