Mesa Royalty Trust (NYSE:MTR – Get Free Report) saw a large increase in short interest in the month of March. As of March 13th, there was short interest totaling 10,440 shares, an increase of 57.9% from the February 26th total of 6,613 shares. Based on an average daily trading volume, of 48,986 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.6% of the company’s shares are short sold.
Wall Street Analyst Weigh In
Separately, Weiss Ratings restated a “sell (d)” rating on shares of Mesa Royalty Trust in a report on Monday, December 29th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, Mesa Royalty Trust has an average rating of “Sell”.
View Our Latest 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 Thursday, April 30th. Investors of record on Tuesday, March 31st will be given a $0.0015 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date is Tuesday, March 31st.
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).
Further Reading
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