Mesa Royalty Trust (NYSE:MTR) Short Interest Down 62.1% in May

Mesa Royalty Trust (NYSE:MTR) saw a large decline in short interest in the month of May. As of May 29th, there was short interest totaling 533 shares, a decline of 62.1% from the May 14th total of 1,405 shares. Based on an average trading volume of 5,532 shares, the short-interest ratio is presently 0.1 days. Approximately 0.0% of the company’s stock are sold short.

Mesa Royalty Trust Price Performance

Shares of MTR stock traded up $0.04 on Friday, reaching $3.66. 6,595 shares of the company were exchanged, compared to its average volume of 7,230. The company has a market cap of $6.81 million, a price-to-earnings ratio of 18.30 and a beta of 0.41. The company has a 50-day moving average of $4.32 and a 200-day moving average of $4.60. Mesa Royalty Trust has a one year low of $3.60 and a one year high of $10.42.

Mesa Royalty Trust (NYSE:MTR) last released its quarterly earnings data on Monday, March 30th. The energy company reported $0.04 earnings per share (EPS) for the quarter. The company had revenue of $0.14 million for the quarter. Mesa Royalty Trust had a net margin of 65.19% and a return on equity of 11.24%.

Mesa Royalty Trust Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Friday, July 31st. Stockholders of record on Friday, May 29th will be issued a dividend of $0.0403 per share. The ex-dividend date is Friday, May 29th. This represents a c) annualized dividend and a dividend yield of 13.2%. Mesa Royalty Trust’s payout ratio is currently 145.00%.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated 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 MarketBeat, the stock currently has an average rating of “Sell”.

Mesa Royalty Trust Company Profile

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).