Mesa Royalty Trust (NYSE:MTR – Get Free Report) shares crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $4.39 and traded as low as $3.14. Mesa Royalty Trust shares last traded at $3.1690, with a volume of 5,381 shares trading hands.
Wall Street Analysts Forecast Growth
Separately, Weiss Ratings reiterated a “sell (d+)” rating on shares of Mesa Royalty Trust in a report on Wednesday, July 8th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Sell”.
Get Our Latest Stock Report on Mesa Royalty Trust
Mesa Royalty Trust Stock Performance
Mesa Royalty Trust Announces Dividend
The company also recently declared a monthly dividend, which will be paid on Friday, July 31st. Stockholders of record on Friday, May 29th will be paid 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 15.2%. Mesa Royalty Trust’s dividend payout ratio (DPR) 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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