Short Interest in Mesa Royalty Trust (NYSE:MTR) Declines By 18.3%

Mesa Royalty Trust (NYSE:MTR) was the target of a significant decrease in short interest in August. As of August 31st, there was short interest totalling 26,400 shares, a decrease of 18.3% from the August 15th total of 32,300 shares. Based on an average trading volume of 19,600 shares, the days-to-cover ratio is currently 1.3 days. Currently, 1.4% of the shares of the stock are short sold.

Mesa Royalty Trust Stock Down 2.4 %

Shares of NYSE:MTR traded down $0.41 on Friday, hitting $16.73. The company had a trading volume of 19,476 shares, compared to its average volume of 14,557. The business has a 50 day moving average of $20.46 and a 200 day moving average of $20.31. Mesa Royalty Trust has a 52-week low of $12.39 and a 52-week high of $29.50.

Mesa Royalty Trust (NYSE:MTR) last released its earnings results on Monday, August 14th. The energy company reported $0.86 earnings per share for the quarter. Mesa Royalty Trust had a return on equity of 162.65% and a net margin of 89.77%. The firm had revenue of $1.78 million for the quarter.

Mesa Royalty Trust Cuts Dividend

The firm also recently announced a monthly dividend, which will be paid on Tuesday, October 31st. Investors of record on Thursday, August 31st will be given a dividend of $0.058 per share. The ex-dividend date is Wednesday, August 30th. This represents a $0.70 annualized dividend and a yield of 4.16%.

Hedge Funds Weigh In On Mesa Royalty Trust

Several large investors have recently added to or reduced their stakes in MTR. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA purchased a new position in shares of Mesa Royalty Trust in the 2nd quarter worth about $25,000. BNP Paribas Arbitrage SNC raised its holdings in shares of Mesa Royalty Trust by 50.0% in the 1st quarter. BNP Paribas Arbitrage SNC now owns 2,032 shares of the energy company’s stock worth $33,000 after purchasing an additional 677 shares during the period. UBS Group AG raised its holdings in shares of Mesa Royalty Trust by 800.0% in the 1st quarter. UBS Group AG now owns 4,500 shares of the energy company’s stock worth $39,000 after purchasing an additional 4,000 shares during the period. BNP Paribas Arbitrage SA purchased a new position in shares of Mesa Royalty Trust in the 1st quarter worth about $58,000. Finally, Fayez Sarofim & Co acquired a new stake in shares of Mesa Royalty Trust in the fourth quarter valued at about $209,000. 10.21% of the stock is currently owned by hedge funds and other institutional investors.

Mesa Royalty Trust Company Profile

Mesa Royalty Trust owns net overriding royalty interests in various oil and gas producing properties in the United States. The company has interests in properties located in the Hugoton field of Kansas; and the San Juan Basin of Northwestern New Mexico and Southwestern Colorado. Mesa Royalty Trust was founded in 1979 and is based in Houston, Texas.